5. Los Angeles-Long Beach-Anaheim, CA
- Cost-burdened middle-class households: 53.2%
- Median home value: $600,000
- Median household income: $69,992
- Homeownership rate: 48.4%
Housing in Los Angeles is among the most expensive in the country. The typical home in the metro area is worth $600,000, triple the median home value across the U.S. as a whole of $200,000, and rental costs are about 66% higher on average than they are nationwide.
As a result, area residents are far more likely to be squeezed financially by housing costs than most Americans. Nearly 46% of all metro area households spend over 30% of their income on housing compared to about 31% of households nationwide.
Los Angeles’s middle class is even more likely to be burdened by housing costs than the city’s population as a whole. Of metro area households earning between $45,000 and $74,999 annually, 53.2% spend over 30% of their income on housing, and 13.6% 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.