Los Angeles Has The Highest Home Price-To-Income Ratio In The US

Los Angeles Has The Highest Home Price-To-Income Ratio In The US


Many Americans continue to find homeownership financially out of reach due to rising house prices and stagnant wages, among other contributing factors. But which U.S. cities are the least affordable?

One way to assess housing affordability is through the home price-to-income ratio, which measures the ratio of the median home price to the median household income.

This map, via Visual Capitalist’s Kayla Zhu, shows the home price-to-income ratio of 54 large cities (population over one million) in the U.S. using data from Construction Coverage’s analysis of Zillow and U.S. Census Bureau data.

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Housing Affordability Worst in Coastal U.S. Cities

Below, we show the home price-to-income ratio, median home price, and median household income, for 54 large cities in the United States of America.

Rank City State Price-to-income Median home price Median household income
1 Los Angeles CA 12.5 $953,501 $76,135
2 San Jose CA 10.5 $1,406,957 $133,835
3 Long Beach CA 10.3 $825,502 $80,493
4 San Diego CA 9.9 $994,023 $100,010
5 New York NY 9.8 $732,594 $74,694
6 Miami FL 9.2 $558,873 $60,989
7 San Francisco CA 9 $1,236,502 $136,692
8 Oakland CA 8.4 $780,188 $93,146
9 Boston MA 8.3 $718,233 $86,331
10 Seattle WA 7.3 $847,419 $115,409
11 Portland OR 6.5 $524,870 $81,119
12 Denver CO 6.4 $563,372 $88,213
13 Tucson AZ 6.4 $327,123 $51,281
14 Washington DC 6 $610,180 $101,027
15 Austin TX 6 $533,719 $89,415
16 Nashville TN 6 $432,592 $71,767
17 Aurora CO 5.9 $483,228 $81,395
18 Sacramento CA 5.9 $472,412 $80,254
19 Las Vegas NV 5.9 $407,969 $68,905
20 Raleigh NC 5.8 $434,407 $75,424
21 Fresno CA 5.8 $370,798 $64,196
22 Colorado Springs CO 5.7 $449,123 $78,568
23 Phoenix AZ 5.6 $422,001 $75,969
24 Mesa AZ 5.5 $434,369 $79,496
25 Charlotte NC 5.3 $391,750 $74,401
26 Bakersfield CA 5.3 $380,862 $72,017
27 Tampa FL 5.3 $375,241 $71,089
28 Albuquerque NM 5 $321,411 $64,757
29 Virginia Beach VA 4.7 $391,244 $83,245
30 Atlanta GA 4.7 $390,373 $83,251
31 Dallas TX 4.7 $307,990 $65,400
32 New Orleans LA 4.6 $241,369 $52,322
33 Arlington TX 4.5 $315,222 $70,433
34 Houston TX 4.4 $264,626 $60,426
35 San Antonio TX 4.3 $253,762 $58,829
36 Minneapolis MN 4.2 $312,872 $74,473
37 Fort Worth TX 4.2 $302,359 $71,527
38 Jacksonville FL 4.2 $294,450 $69,309
39 El Paso TX 4.1 $216,673 $52,645
40 Chicago IL 4 $284,818 $70,386
41 Omaha NE 4 $272,286 $67,450
42 Columbus OH 3.9 $238,286 $61,727
43 Milwaukee WI 3.9 $191,149 $49,270
44 Philadelphia PA 3.8 $215,593 $56,517
45 Louisville KY 3.7 $233,464 $63,049
46 Kansas City MO 3.7 $230,526 $62,175
47 Indianapolis IN 3.6 $218,591 $61,501
48 Tulsa OK 3.6 $194,784 $54,040
49 Baltimore MD 3.2 $177,786 $55,198
50 Oklahoma City OK 3.1 $198,826 $63,713
51 Wichita KS 3.1 $186,528 $59,277
52 Memphis TN 2.9 $144,347 $50,622
53 Cleveland OH 2.7 $100,734 $37,351
54 Detroit MI 1.9 $68,379 $36,453

Cities on the West Coast, particularly in California, face the most significant housing affordability challenges.

The top four cities with the highest ratios are all in California, while other major West Coast cities like San Francisco, Seattle, and Portland rank among the top 15.

The top five cities, including New York City, have a home price-to-income ratio more than double the national average of 4.7, making them highly unaffordable.

While median household income in cities like San Francisco, San Jose, and Seattle are among the highest in the country, they also have some of the most expensive house prices in the country.

The Midwest and parts of the South have much lower ratios, including Detroit (1.9), Cleveland (2.1), and Memphis (3.1). Midwest cities consistently rank among the most affordable for housing and cost of living.

To learn more about the U.S. housing market, graphic that 10 fastest-growing housing markets in the U.S., based on their housing stock growth between 2013 and 2022.

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