Yes, Newport Beach is widely considered one of the most "high-end" and affluent coastal cities in the United States. It is famous for its massive luxury residential real estate, particularly in areas like Fashion Island, Crystal Cove, and Balboa Island, where home prices frequently exceed tens of millions of dollars. The city is a hub for the ultra-wealthy, evidenced by the high concentration of luxury yachts in Newport Harbor and the presence of elite shopping destinations like Fashion Island, which features high-fashion retailers and gourmet dining. In 2026, the city continues to rank among the most expensive zip codes in California, with a lifestyle centered around private beach clubs, world-class golf courses, and high-performance vehicles. While there are more accessible areas for tourists, such as the Newport Pier, the overarching atmosphere of the city is one of exclusive wealth and coastal sophistication, making it a primary destination for high-net-worth individuals and those seeking a premier luxury vacation experience in Southern California.