15. Stockton-Lodi, CA
- Cost-burdened middle-class households: 38.0%
- Median home value: $349,000
- Median household income: $61,164
- Homeownership rate: 57.0%
Stockton-Lodi is one of eight California metro areas to rank on this list. The typical area home is worth $349,000, well above the national median home value of roughly $200,000. The high housing costs put financial strain on the city’s middle income earners. About 32% of middle-class households spend between 30% and 50% on housing, and nearly 6% spend over half of their income on housing.
As is the case nationwide, renters are more likely to be housing cost burdened than homeowners in Stockton-Lodi. The 56.9% share of renters who spend at least 30% of their income on housing is more than double the comparable 26.6% share of homeowners.
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.