The Coastal Wealth Exception: Why Cohasset Breaks All the Income-to-Asset Rules

Cohasset's $187K median income (#20 in state) supporting $1.38M homes (#16) reveals asset-driven wealth—buyers deploy accumulated capital (7.4:1 income-to-asset ratio vs conventional 4:1). Like Nantucket ($3M homes, $119K income), Cohasset operates where external wealth meets coastal lifestyle. Not a W-2 conversion market—an inheritance/equity/business-exit destination.