(NEXSTAR) - In hopes of saving some money, most people would think you need to leave the city for a small town out in the suburbs. Well, unfortunately, some of those smaller towns don't offer that luxury.

A new study done by LendingTree has found the most expensive small towns throughout the U.S.

To find this, LendingTree looked at 50 towns with populations ranging from 10,000 to 50,000 and calculated the median home value-to-income ratio of each town. The larger the ratio, the more expensive homes are relative to an area’s median household income.

Landing at the top of the list as the most expensive small town in the country was Nantucket, Massachusetts. With a population of just above 14,000 residents, the average cost of a home in the town is $1,387,000, with the average household in

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