9. New York-Newark-Jersey City, NY-NJ-PA
- Cost-burdened middle-class households: 50.0%
- Median home value: $415,000
- Median household income: $75,368
- Homeownership rate: 51.8%
The New York metro area is one of the most expensive real estate markets in the country. Housing rental prices in the area are 53.1% more expensive than they are nationwide, on average. Additionally, the typical home in the area is worth $415,000, more than double the $200,000 value of the typical American home. Throughout the metro area across all income brackets, one in every three homeowners and just over half of all renters spend over 30% of their income on housing.
New York’s middle class is especially burdened by the area’s high housing costs. Of all area households earning $45,000 to $74,999 annually, 13.6% spend over half of their income on housing, and 50.0% spend 30% or more of their income.
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.