Life in Montecito Costs More Than a Six‑Figure Salary
Meghan & Harry’s Montecito Move: A Luxurious Life with Heavy Price Tags
New Home, New Costs
The former royal couple settled in Montecito, a high‑end enclave where houses routinely fetch $6 million+. Their own residence, a $15 million home, comes with a hefty mortgage and an estimated $3 million annual private‑security budget.Annual Expenses & Income Needs
A source reports that the duo must generate about $6 million each year just to cover living expenses. The financial strain is largely on Meghan, who is the family’s primary earner.
- Meghan’s Income Streams
- Streaming partnership
- Lifestyle brand
- Public speaking engagements
Investment in an AI fashion platform
Harry’s Wealth Background
Harry grew up with inherited wealth from his mother and great‑grandmother. He sees that money as a resource for their children, not personal income, and has reportedly spent the inheritance on the house and legal fees—leaving the couple “unhappy” about the allocation.Perspective on Work
Despite the high costs, Meghan says she enjoys working because it keeps her motivated and helps pay the bills.
