11. Riverside-San Bernardino-Ontario, CA
- Cost-burdened middle-class households: 43.3%
- Median home value: $330,000
- Median household income: $61,994
- Homeownership rate: 63.0%
The Riverside metro area is one of several in California metros where the middle-class is being squeezed financially by an expensive housing market. The typical metro area home costs about 5.6 times as much as the median income in the metro area, well above the 4.1 ratio nationwide.
The disproportionately high housing prices put a considerable cost burden on the area’s middle-class residents. Of metro area households earning between $45,000 to $74,999 annually, 43.3% spend at least 30% of their income on housing. Nationwide, 28.4% of middle-income earners are similarly burdened by housing costs.
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.