One Long Island community is being called the most expensive in the nation.

According to a new report by the website gobankingrates.com, Sagaponack is the richest zip code in America.

The cost of living in the beach community is about $853,000 a year.

The famous 90210 zip code in Beverly Hills, California took second place, costing about $692,000 a year. Alpine, New Jersey came in third.