6. San Diego-Carlsbad, CA
- Cost-burdened middle-class households: 53.2%
- Median home value: $545,000
- Median household income: $76,207
- Homeownership rate: 53.5%
San Diego is one of the least affordable housing markets in the United States. The typical home is worth eight times as much as the median income in the metro area, nearly double the comparable ratio nationwide.
Low- and middle-income residents of the metro area are disproportionately affected by the high housing costs. Nearly three in every four households in the $30,000 to $44,999 income range spend at least 30% of their income on housing, as do 53.2% of all households earning $45,000 to $74,999 annually.
Late last month, the San Diego City Council narrowly approved an update to the city’s inclusionary housing policy. Under the new terms, developers who fail to include affordable housing in new housing projects will face steeper fees.
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.