Forbes' fourth edition of their "Most Overpriced Places" study is out. For the most part, the roster is still made up of metropolitan areas that will suck dollars from your wallet in a flash.

The study took into consideration of job growth, income growth and cost of living (which includes the cost of housing, utilities, transportation and other expenditures), and a housing affordability index from research firm Economy.com. The index measures how much of a local median-priced home (the price at which 50% of homes are more expensive and 50% are less expensive) you can buy if you earn the local median income, given current interest rates.

The top five most overpriced cities are:

1. Seattle, Wash.
2. New York, N.Y.
3. Portland, Ore.
4. Chicago, Ili.
5. San Jose, Calif.