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

Cohasset uniquely straddles two wealth economies: $187,060 median household income (#20, lowest in top 20 wealthy towns) yet $1.38M typical home value (#16) with 52.7% five-year appreciation. The 7.4:1 income-to-asset ratio proves buyers deploy accumulated capital, not convert annual W-2 income. Compare Nantucket: $2.97M homes despite $119K median income (25:1 ratio). Both are asset-storage markets for external wealth. Cohasset offers South Shore beaches, yacht clubs, and maritime heritage at 54% below Nantucket's cost. For families with accumulated capital (inheritance, equity, business exits) prioritizing coastal lifestyle over income optimization, Cohasset is the mainland alternative to island markets.