7. Urban Honolulu, HI
- Cost-burdened middle-class households: 52.8%
- Median home value: $650,000
- Median household income: $81,284
- Homeownership rate: 56.4%
Honolulu has some of the most expensive real estate in the country. The typical area home is worth $650,000, more than triple the median home value across the U.S. as a whole of $200,000. Additionally, the cost of renting in the metro area is about 77% more expensive than it is on average nationwide.
As a result, the city’s middle income earners are unduly burdened by housing costs. Of area households earning between $45,000 and $74,999 annually, 52.8% spend at least 30% of their income on housing, and a staggering 21.5% spend over half of their income on housing.
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.