In fact, brokers say, as far back as the 1960s the neighborhood was a hot spot for employees of the blue-chip corporations that began ditching Manhattan for Connecticut, where the costs of living were lower.
"It makes them feel their cost of living is lower".
Working families may end up joining the migration to North Carolina, Georgia and other states where the cost of living is lower.
"If it gets like the Hamptons, I may move to Florida, where the cost of living is lower," he said.
The cost of living is lower in Italy as well, so earnings in Swiss francs go further.
The cost of living is lower than it would be in Paris, especially when it comes to going out and eating out, but drinks are similarly priced.
The cost of living was lower and a new highway, the 575, made it feel closer to Atlanta, cows and shooting ranges notwithstanding.
In central Europe, new MBAs generally start on about $30,500 a year, but the cost of living is lower in central Europe than in the US.
Had they been legal, he said, they would have all stayed together in Indiana, where the cost of living is lower.
To be sure, there are practical reasons: the cost of living is lower, eastern universities are easier to get into, the staff-to-student ratio is more favourable, and academic standards remain fairly high.
