The 10 most expensive college towns in America

Zach Mullen/flickrThe Old Well on the campus of UNC Chapel Hill.

College towns are vibrant, offering cultural events, exciting athletics, the option of auditing classes, and a wealth of job opportunities.

Of course, all of these perks come with a price tag.

If you settle down in Cambridge, home to Harvard and MIT, expect to pay about $685,000 for a home. That's the median housing price according to Relator.com, which recently released a list of America's most and least expensive college towns ranked by median home price.

They looked at more than 300 college towns - "college towns" defined as areas where student residents number over 5,000 and make up over 20% of the town's total population.

Here, we've highlighted the ten most expensive. We also included the cost of annual necessities (not including savings or discretionary spending) for a four person family (two adults, two children) using the Economic Policy Institute's (EPI) 2015 Family Budget Calculator.