10. Boston-Cambridge-Newton, MA-NH
- Cost-burdened middle-class households: 45.2%
- Median home value: $410,000
- Median household income: $85,691
- Homeownership rate: 61.8%
Boston is one of the most expensive real estate markets in the country. The typical area home is worth $410,000, more than double the $200,000 value of the typical American home. The high real estate prices make it a tough market for middle-income earners. Of all metro area households earning $45,000 to $74,999 annually, 10% spend over half of their income on housing, and 45.2% spend 30% or more of their income.
The city of Boston offers its lower-income residents a range of options to improve housing affordability, including subsidized rentals and housing vouchers. Earlier this year, Boston mayor Marty Walsh approved $26 million to be put toward hundreds of affordable housing units in neighborhoods across the city. Still, nearly 68% of households in the $30,000 to $44,999 income bracket are unduly burdened by housing costs.
2 thoughts on “18 U.S. Cities Where the Middle Class Can No Longer Afford Housing”
How about Coeur d’alene Id …No houses mobile home under $150,000 unless they are junk and in an outlying city This place sucks!!!
looks to me like most if not all are where the dims are in control.