12/3/2020
The Least Affordable Cities to Buy a Home | Peter Palivos | Real Estate Development
a The Least A ordable Cities to Buy a Home by Peter Palivos | Dec 3, 2020 | Peter Palivos Attorney, Real Estate
Many cities top the list of places that are among the least a ordable for people to live in the U.S. They are ranked by how much of a person’s weekly income must be used in order to pay rent or mortgage installments. In these locations, homeowners must spend 64% or more of their weekly income to pay for their cost of living. Here are a few of the most expensive cities. San Francisco Despite being a city that boasts high-income levels, San Francisco is one of the least a ordable cities in the U.S. for homeowners. As much as 73% of a household’s income could be spent on housing, assuming a combined mortgage and property tax bill of around $5,000 monthly and a monthly household income of about $8,000. The average home price in this city is over a million dollars. Honolulu https://peterpalivos.com/the-least-affordable-cities-to-buy-a-home/
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