3. San Francisco-Oakland-Hayward, CA
- Cost-burdened middle-class households: 58.0%
- Median home value: $800,000
- Median household income: $101,714
- Homeownership rate: 54.6%
San Francisco is one of the most expensive real estate markets in the country. The typical metro area home is worth $800,000, four times the median home value nationwide of $200,000. Renters in and around the city are not spared. The average cost of renting in the metro area is nearly double the average across the U.S. as a whole.
The high housing costs in and around San Francisco put a considerable financial strain on many of the metro area’s middle-class residents. Of area households earning between $45,000 and $74,999 annually, 58.0% spend over 30% of their income on housing, and 19.9% 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.