California cities some of the least affordable, according to recent data
California outnumbered the other 49 states, having 6-out-of-10 of the least affordable cities on the list. The realty company used data like projected median household income, median for-sale home listing prices from the company, and local property taxes from census data to categorize the cities.
Los Angeles remains the least affordable city in the county. Households with a median income pay approximately 98.36% of their income on mortgage payments and property taxes, according to the company's data.
Irvine followed in second, with households on a median income likely paying just under $10,000 in monthly homeownership costs.
Other California cities in the top 10:
No. 6: Anaheim
No. 7: Long Beach
No. 9: San Jose
No. 10: San Diego
According to the index, Miami, New York City, Newark, and Boston were the other cities classified as the least affordable large cities.
No large city in California made the list of the most affordable cities, which was comprised of mostly midwestern cities.
No.1: Detroit, Michigan
No.2: Toledo, Ohio
No.3: Baltimore, Maryland
No. 4 Cleveland, Ohio
No. 5: Buffalo, New York
Ernesto Centeno Araujo covers breaking news for the Ventura County Star. He can be reached at ecentenoaraujo@vcstar.com.
This article originally appeared on Ventura County Star: 6 California cities are amongst the least affordable in the country
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Private-credit ETFs are here. Why your retirement account may be their next target.
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