DM-me-ur-tits-plz- t1_jbm11zo wrote on March 10, 2023 at 12:21 AM

Illinois represent! Seriously, I moved out to California for a big tech job after college and my buddy who skipped college to become a mechanic is now looking to buy a house years ahead of me. I make more than double his salary.

This country can feel like different worlds sometimes.

lpangelrob t1_jbm2lu4 wrote on March 10, 2023 at 12:33 AM

I stayed behind for the tech job!

The good news is that houses are affordable. The bad news is that they don’t increase in value… at all!

DM-me-ur-tits-plz- t1_jbm2v6x wrote on March 10, 2023 at 12:35 AM

Yes, a blessing and a curse! My parents plan on moving south for retirement, but don't want to stomach selling the house for less than they bought it for... They bought it in 2007!

lpangelrob t1_jbm3b0y wrote on March 10, 2023 at 12:38 AM

Ah yes, that was not a great year to jump in, since that was peak-ish.

Source: bought in 2005.

DM-me-ur-tits-plz- t1_jbm3un7 wrote on March 10, 2023 at 12:42 AM

I've always kept an eye on the Chicago tech sector (know a few people from college who are big on the whole "built in Chicago" train) because I feel like I'll eventually want to go back, but it feels like so much of it is Fintech which has never really appealed to me.

If my current company ever opens a Chicago office I'd probably pursue it.

lpangelrob t1_jbmajup wrote on March 10, 2023 at 1:32 AM

Some of it is, but it’s really a hodgepodge. I’m in marketing tech, there’s some insurance, some food, Groupon, Uptake, consultants, and Fortune 500 companies.

None of it is either bleeding edge or hypergrowth territory, which may or may not be what the new college grads are looking for.

SaggyFrontButt2 t1_jbmpo0l wrote on March 10, 2023 at 3:32 AM

This is a problem with a lot of north suburb Chicago homes. They’re already relatively expensive with high property taxes, but don’t really increase in value. Worst of both worlds

Achillies2heel t1_jbo6ca4 wrote on March 10, 2023 at 1:29 PM

Rural Illinois is the most boring place in this country... Spent 20 years there growing up never going back or looking at corn again...

czyivn t1_jbpcgc9 wrote on March 10, 2023 at 6:13 PM

There are an awful lot of most boring places in america. Anywhere from lubbock texas on up to rural illinois is basically the same in my mind. Flat, boring. Maybe corn, maybe wheat, maybe just grass, but boring.

proof_required t1_jbpjbm1 wrote on March 10, 2023 at 6:57 PM

Is this like what they show in some of the Hollywood movies? I kind of found it calming. But yeah I can understand living there for 20 years can wear you down.

Achillies2heel t1_jbppu2s wrote on March 10, 2023 at 7:40 PM

Winter is the worst because its cold and everything is just barren blowed cornstalks for 5 months

Late_Advice_9793 t1_jdq4iwr wrote on March 26, 2023 at 8:55 AM

Move to Chicago then

Achillies2heel t1_jdqe9ap wrote on March 26, 2023 at 11:15 AM

Id rather not get shot

I_Own_A_Bidet t1_jbp2t0s wrote on March 10, 2023 at 5:11 PM

So much fucking this. Fuck Illinois

Bulbchanger5000 t1_jbmxdyu wrote on March 10, 2023 at 4:40 AM

I feel this. I don’t go on FB often but I’ve seen how people I went to HS with in central Ohio were able to buy houses in that area years ago in their mid 20s. I’m 30 now and it could take my partner and I another 10 years to afford even smallest of houses in the SF Bay Area where I currently live if we’re lucky. We’re seriously considering moving to the Midwest at this point. Wouldn’t trade getting to spend my 20s here in California for much though. It’s been a lot of fun, but it seems like it has become impossible for a lot of normal people to ever settle down here.

Edmeyers01 t1_jbplfse wrote on March 10, 2023 at 7:11 PM

We're putting offers in on houses in Pittsburgh. We're looking in the best neighborhoods and a nice 2 bedroom 1 bath house is like 275K and whole foods is 5 minutes away. I love SD, but for us it's just not worth it anymore. I'm afraid we'll keep getting priced out of other markets too if we wait.

Ok_Confusion_1777 t1_jbql7w5 wrote on March 10, 2023 at 11:11 PM

Which neighborhoods may I ask?

Edmeyers01 t1_jbqoep5 wrote on March 10, 2023 at 11:34 PM

Yeah, of course! Highland Park.

Slytherin77777 t1_jbp14vb wrote on March 10, 2023 at 5:00 PM

Ya but like do you wanna move back to Illinois lol

[deleted] t1_jbsn44r wrote on March 11, 2023 at 11:53 AM

To be fair, you couldn't pay me enough to live in most of those top 10 towns in IL, and I'm from there.

Late_Advice_9793 t1_jdq4mh5 wrote on March 26, 2023 at 8:56 AM

What about the Chicago area

CookieEnabled t1_jbm3fv8 wrote on March 10, 2023 at 12:39 AM

Post this on r/FirstTimeHomeBuyer and see what happens

TheOnlyBasedRedditor t1_jbna2ub wrote on March 10, 2023 at 6:57 AM

I wonder, what would happen?

coolo04 t1_jbno5xs wrote on March 10, 2023 at 10:07 AM

People would get mad because they live in the red/yellow cities

captainpicard6912 t1_jbq3l9p wrote on March 10, 2023 at 9:10 PM

Yeah, and then exclaim that it's a "human right" to live wherever you want, for as long as you want, for whatever price you want.

extreme_imbecile t1_jbrxblv wrote on March 11, 2023 at 6:03 AM

Yeah haha. Teachers and bank tellers have no right to live within an hour of where they work but I have a right to own five rentals because the market says so haha. Wait what the fuck why are schools closed on Fridays and my favorite restaurants shutting down?!

26Kermy t1_jbny141 wrote on March 10, 2023 at 12:12 PM

Everyone will move to rural Illinois?

ReasonablyPricedBird t1_jbpt7ne wrote on March 10, 2023 at 8:02 PM

You might want to check out their propery taxes before you make that move.

Spence97 t1_jbqicci wrote on March 10, 2023 at 10:51 PM

Property taxes often are over 3% when I look around online, casually. I’m not an expert but they’re insanely high when I do check listings there. I gather they must have a crazy amount of layers in their state and local governments.

Also, at the same time, I often see houses assessed for way over what they’d sell for. I’ve seen some assessed up to 50% over current list price, where the house had been sitting for sale for months at that list price.

DamonFields t1_jbmov1d wrote on March 10, 2023 at 3:25 AM

Places people want to live in cost more.

scoobertsonville t1_jbmy82g wrote on March 10, 2023 at 4:48 AM

This, I think the key is that when you are ready to buy a house search for a mid sized city (or as they say in China, second tier) the housing market is basically a bidding war for the best location in cities and given the us population is increasing by 1-1.5 million a year supply is always going to constrain in the massive cities, so mid tier expansion keeps everyone with the American dream imo. Remote work helps with this.

Electrical-Song19 t1_jbr9jfl wrote on March 11, 2023 at 2:21 AM

Yeah despite these metrics there, San Diego will always be a very desirable place to live in with plenty of people wanting to move in for the people that want to move out.

So whenever you read about the waning demographics of the USA in the coming decade or two, realize that it's going to hit the most in cities that no one wants to live in. And places like San Diego are not going to be affected by that.

Iluvteak t1_jbye2lz wrote on March 12, 2023 at 6:03 PM

It’s funny that the 1 million population increase per year is similar to the number of illegals that breach the border every year. Shut the border … fix the real estate market !

PYHProtectYourHoles t1_jbmufrp wrote on March 10, 2023 at 4:13 AM

Colorado lol.

Everyone moving there rn is gonna move back in ~4 years cuz they can’t actually own a home unless you’re a rich Californian

redundant_ransomware t1_jbn3848 wrote on March 10, 2023 at 5:39 AM

Also there are the wifi and bottled water issues

[deleted] t1_jbn84zt wrote on March 10, 2023 at 6:34 AM

[removed]

gefahr t1_jbpv6hg wrote on March 10, 2023 at 8:15 PM

the what? (genuine question)

ShitholeWorld t1_jbq4ty7 wrote on March 10, 2023 at 9:18 PM

Reference to a South Park episode. S25-E3

/La Croix!

gefahr t1_jbq4vht wrote on March 10, 2023 at 9:18 PM

Ah thank you.

Mackinnon29E t1_jbp3fea wrote on March 10, 2023 at 5:15 PM

Yeah everyone moving to Colorado is keeping wages down for themselves and everyone else.

Sp3cialbrownie t1_jbqkesi wrote on March 10, 2023 at 11:05 PM

More people moved out of Colorado than in to Colorado last year. Hopefully that continues.

MotivatingElectrons t1_jbqvjxf wrote on March 11, 2023 at 12:28 AM

I believe this is not accurate -- per Denver Post, the net migration to CO has been positive since the early 90's.

Source: https://www.denverpost.com/2023/01/24/colorado-population-growth-slowed-2021/

Sp3cialbrownie t1_jc2ia6z wrote on March 13, 2023 at 3:54 PM

Per moving companies statistics, which is a good, non government indicator, Colorado had more people move out of state than in to the state: https://www.unitedvanlines.com/newsroom/movers-study-2022

Also, the article you shared validated that demographics have hit a wall and will continue to decline, thanks for sharing.

thatdude333 OP t1_jblvfte wrote on March 9, 2023 at 11:40 PM

Citations:

National Association of Realtors / Median Sales Price of Existing Single-Family Homes for Metropolitan Areas (2022 Q4):

https://cdn.nar.realtor/sites/default/files/documents/metro-home-prices-q4-2022-single-family-2023-02-09.pdf

US Bureau of Economic Analysis / Per Capita Personal Income (2021):

https://www.bea.gov/data/income-saving/personal-income-county-metro-and-other-areas

What are Metropolitan Statistical Areas?

https://en.wikipedia.org/wiki/Metropolitan_statistical_area

The Metropolitan Statistical Areas listed on the chart are the ones I could match up Median Home Prices from the National Association of Realtors and Per Capita Income from the US Bureau of Economic Analysis to calculate a ratio from. Out of 384 total Metropolitan Statistical Areas, this chart shows 182 of them.

The Numbers:

Metro Stat Area - Median House Price - Per Capita Income - Ratio

Abilene, TX - $234.9k - $55.6k - 4.2
Akron, OH - $192.3k - $58.7k - 3.3
Albany-Schenectady-Troy, NY - $275.9k - $67.8k - 4.1
Albuquerque, NM - $336.5k - $52.3k - 6.4
Allentown-Bethlehem-Easton, PA-NJ - $299.8k - $62.6k - 4.8
Amarillo, TX - $214.3k - $56.2k - 3.8
Anaheim-Santa Ana-Irvine, CA - $1132k - $75.8k - 14.9
AnnArbor ,MI - $354.6k - $68.7k - 5.2
Appleton, WI - $253.6k - $58.3k - 4.3
Asheville, NC - $420k - $54.8k - 7.7
Atlanta-Sandy Springs-Marietta, GA - $353.3k - $63.2k - 5.6
Atlantic City-Hammonton, NJ - $312.4k - $58.3k - 5.4
Austin-Round Rock, TX - $478.9k - $71.4k - 6.7
Baltimore-Columbia-Towson, MD - $363.5k - $70.5k - 5.2
Barnstable Town, MA - $668.1k - $83.2k - 8
Baton Rouge, LA - $267.1k - $56.4k - 4.7
Beaumont-PortArthur, TX - $207.3k - $49k - 4.2
Binghamton, NY - $156.7k - $51.3k - 3.1
Birmingham-Hoover, AL - $295.7k - $59.1k - 5
Bismarck, ND - $266.3k - $64.1k - 4.2
Bloomington, IL - $199.7k - $58.5k - 3.4
Boise City-Nampa, ID - $457.8k - $55.5k - 8.3
Boston-Cambridge-Newton, MA-NH - $657.9k - $92.3k - 7.1
Boulder, CO - $759.5k - $89.6k - 8.5
Bowling Green, KY - $262.8k - $43.3k - 6.1
Bridgeport-Stamford-Norwalk, CT - $621.1k - $127.4k - 4.9
Buffalo-Cheektowaga-Niagara Falls, NY - $227.8k - $56.8k - 4
Burlington-South Burlington, VT - $430.5k - $65.1k - 6.6
Canton-Massillon, OH - $169.6k - $52.2k - 3.3
Cape Coral-Fort Myers, FL - $414.3k - $62.9k - 6.6
CapeGirardeau, MO-IL - $211.1k - $48.4k - 4.4
Cedar Rapids, IA - $194.3k - $59.1k - 3.3
Champaign-Urbana, IL - $175.5k - $55.3k - 3.2
Charleston, WV - $161.3k - $51.6k - 3.1
Charleston-North Charleston, SC - $416.7k - $60.8k - 6.9
Charlotte-Concord-Gastonia, NC-SC - $395.5k - $62.1k - 6.4
Chattanooga, TN-GA - $279.6k - $53.9k - 5.2
Chicago-Naperville-Elgin, IL-IN-WI - $323.2k - $72k - 4.5
Cincinnati, OH-KY-IN - $255.3k - $63.1k - 4
Cleveland-Elyria, OH - $208.7k - $61.9k - 3.4
Colorado Springs, CO - $443.4k - $58.7k - 7.5
Columbia, MO - $282.6k - $53.6k - 5.3
Columbia, SC - $264k - $53.3k - 5
Columbus, OH - $286.7k - $59.9k - 4.8
Corpus Christi, TX - $268.2k - $52.6k - 5.1
Crestview-Fort Walton Beach-Destin, FL - $403.7k - $64.7k - 6.2
Cumberland, MD-WV - $132.3k - $47.6k - 2.8
Dallas-Fort Worth-Arlington, TX - $375k - $66.7k - 5.6
Davenport-Moline-RockIsland, IA-IL - $162.6k - $56.2k - 2.9
Dayton, OH - $200.7k - $55.6k - 3.6
Decatur, AL - $226.2k - $46.5k - 4.9
Decatur, IL - $119.2k - $56.5k - 2.1
Deltona-Daytona Beach-Ormond Beach, FL - $353.8k - $53.6k - 6.6
Denver-Aurora-Lakewood, CO - $640k - $78.2k - 8.2
Des Moines-West Des Moines, IA - $261k - $61.8k - 4.2
Detroit-Warren-Deaborn, MI - $237k - $61k - 3.9
Dover, DE - $308.1k - $50.4k - 6.1
Durham-Chapel Hill, NC - $425.6k - $63.4k - 6.7
El Paso, TX - $244.5k - $44.1k - 5.5
Elmira, NY - $148.9k - $52.4k - 2.8
Erie, PA - $158.8k - $52.7k - 3
Eugene, OR - $459.5k - $55.1k - 8.3
Fargo, ND-MN - $285.9k - $62k - 4.6
Farmington, NM - $261.2k - $41.7k - 6.3
Fayetteville, NC - $220.9k - $45.5k - 4.9
Fayetteville-Springdale-Rogers, AR-MO - $323.5k - $70.6k - 4.6
Florence, SC - $195.7k - $50.4k - 3.9
Fond du Lac, WI - $189.2k - $56.4k - 3.4
Fort Collins, CO - $585.3k - $64.3k - 9.1
Fort Wayne, IN - $215.5k - $54.6k - 3.9
Fresno, CA - $399k - $51.4k - 7.8
Gainesville, FL - $330k - $50.6k - 6.5
Glens Falls, NY - $252.4k - $56k - 4.5
Grand Rapids, MI - $284.5k - $57.7k - 4.9
Green Bay, WI - $260k - $58.2k - 4.5
Greensboro-HighPoint, NC - $276.1k - $51.9k - 5.3
Greenville-Anderson-Mauldin, SC - $318.8k - $50.9k - 6.3
Gulfport-Biloxi-Pascagoulia, MS - $205.7k - $44.5k - 4.6
Hagerstown-Martinsburg, MD-WV - $266.5k - $51.1k - 5.2
Harrisburg-Carlisle, PA - $237k - $60.5k - 3.9
Hartford-West Hartford-East Hartford, CT - $318.2k - $70k - 4.5
Houston-The Woodlands-Sugar Land, TX - $337.9k - $64.8k - 5.2
Huntsville, AL - $334.8k - $57.8k - 5.8
Indianapolis-Carmel-Anderson, IN - $297.2k - $65.8k - 4.5
Jackson, MS - $227.5k - $51.4k - 4.4
Jacksonville, FL - $386k - $59.3k - 6.5
JohnsonCity, TN - $254k - $48.3k - 5.3
Kankakee, IL - $177.4k - $53.2k - 3.3
Kansas City, MO-KS - $298.2k - $61.4k - 4.9
Kennewick-Richland, WA - $417k - $52.1k - 8
Kingsport-Bristol-Bristol, TN-VA - $218.3k - $47.3k - 4.6
Kingston, NY - $381.3k - $60.6k - 6.3
Knoxville, TN - $318.7k - $55.8k - 5.7
Lakeland-WinterHaven, FL - $338.3k - $43.6k - 7.8
Lansing-East Lansing, MI - $195.6k - $50.3k - 3.9
Las Vegas-Henderson-Paradise, NV - $441.3k - $58.3k - 7.6
Lexington-Fayette, KY - $240k - $57.5k - 4.2
Lincoln, NE - $270k - $56.9k - 4.7
Little Rock-North Little Rock-Conway, AR - $204.8k - $53.2k - 3.9
Los Angeles-Long Beach-Glendale, CA - $829.1k - $75.8k - 10.9
Louisville/JeffersonCounty, KY-IN - $251.2k - $59.4k - 4.2
Madison ,WI - $380k - $69.1k - 5.5
Manchester-Nashua, NH - $454.1k - $71.8k - 6.3
Memphis, TN-MS-AR - $254k - $56.6k - 4.5
Miami-Fort Lauderdale-West Palm Beach, FL - $550k - $73.5k - 7.5
Milwaukee-Waukesha-West Allis, WI - $335k - $65.8k - 5.1
Minneapolis-St. Paul-Bloomington, MN-WI - $365.6k - $71.9k - 5.1
Mobile, AL - $207.5k - $46.4k - 4.5
Montgomery, AL - $191.2k - $49.3k - 3.9
Myrtle Beach-Conway-North Myrtle Beach, SC- $373.5k - $49.2k - 7.6
Naples-Immokalee-MarcoIsland, FL - $802.5k - $118k - 6.8
Nashville-Davidson--Murfreesboro--Franklin, TN - $400.1k - $70k - 5.7
New Haven-Milford, CT - $329.6k - $64.6k - 5.1
Newark, NJ-PA - $538.5k - $85.1k - 6.3
NewOrleans-Metairie, LA - $275.9k - $61.3k - 4.5
NewYork-Newark-Jersey City, NY-NJ-PA - $594.3k - $85.1k - 7
North Port-Sarasota-Bradenton, FL - $520k - $69.4k - 7.5
Norwich-New London, CT - $322.6k - $63.9k - 5.1
Ocala ,FL - $280k - $45.2k - 6.2
Ogden-Clearfield, UT - $453.5k - $52.3k - 8.7
Oklahoma City, OK - $222.2k - $57.2k - 3.9
Omaha-Council Bluffs, NE-IA - $267.2k - $64.2k - 4.2
Orlando-Kissimmee-Sanford, FL - $422.7k - $53.1k - 8
Oshkosh-Neenah, WI - $220.7k - $55.2k - 4
Palm Bay-Melbourne-Titusville, FL - $355k - $55.5k - 6.4
Panama City, FL - $350.3k - $54k - 6.5
Pensacola-Ferry Pass-Brent, FL - $316.3k - $52.5k - 6
Peoria, IL - $133.6k - $55.8k - 2.4
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD - $329.5k - $72.4k - 4.6
Phoenix-Mesa-Scottsdale, AZ - $450.4k - $58.3k - 7.7
Pittsfield, MA - $335.7k - $65.1k - 5.2
Port St.Lucie, FL - $399.5k - $66.6k - 6
Portland-South Portland, ME - $460.2k - $68.6k - 6.7
Portland-Vancouver-Hillsboro, OR-WA - $567.5k - $68.4k - 8.3
Providence-Warwick, RI-MA - $431.7k - $64.6k - 6.7
Punta Gorda,FL - $392.8k - $51.7k - 7.6
Raleigh, NC - $431k - $66.4k - 6.5
Reading, PA - $233.7k - $58k - 4
Reno, NV - $562.1k - $71.5k - 7.9
Richmond, VA - $365k - $65.8k - 5.5
Riverside-San Bernardino-Ontario, CA - $540k - $50.4k - 10.7
Rochester, NY - $202.7k - $58.5k - 3.5
Rockford, IL - $161k - $51.1k - 3.1
Sacramento--Roseville--Arden-Arcade, CA - $500k - $66k - 7.6
Salem, OR - $443.6k - $53k - 8.4
Salt Lake City, UT - $524.8k - $61.6k - 8.5
San Antonio-New Braunfels, TX - $329.8k - $53.6k - 6.1
San Diego-Carlsbad, CA - $857k - $72.6k - 11.8
San Francisco-Oakland-Hayward, CA - $1230k - $123.7k - 9.9
San Jose-Sunnyvale-Santa Clara, CA - $1577.5k - $136.3k - 11.6
Seattle-Tacoma-Bellevue, WA - $708.9k - $89.3k - 7.9
Sebastian-Vero Beach, FL - $366.8k - $95.1k - 3.9
Sherman-Denison, TX - $267.3k - $52.1k - 5.1
Shreveport-Bossier City, LA - $206.3k - $55.2k - 3.7
Sioux Falls, SD - $298.9k - $71.6k - 4.2
SouthBend-Mishawaka ,IN-MI - $185.6k - $56.1k - 3.3
Spartanburg, SC - $275.7k - $50.6k - 5.4
Spokane-Spokane Valley, WA - $389.4k - $53.3k - 7.3
Springfield, IL - $162.4k - $57.1k - 2.8
Springfield, MA - $318.6k - $61.5k - 5.2
Springfield, MO - $224.1k - $48.7k - 4.6
St. Louis, MO-IL - $239k - $64.8k - 3.7
Syracuse, NY - $197.9k - $58.1k - 3.4
Tallahassee, FL - $315k - $52.3k - 6
Tampa-St.Petersburg-Clearwater, FL - $399k - $58.3k - 6.8
Toledo, OH - $159.3k - $54.4k - 2.9
Topeka, KS - $171.5k - $53.7k - 3.2
Trenton, NJ - $357.8k - $77.9k - 4.6
Tucson, AZ - $368.2k - $52.9k - 7
Tulsa, OK - $239.3k - $59.9k - 4
Urban Honolulu, HI - $1090.2k - $63.9k - 17.1
Virginia Beach-Norfolk-Newport News, VA-NC - $305.4k - $56.7k - 5.4
Washington-Arlington-Alexandria, DC-VA-MD-WV - $550.1k - $80.8k - 6.8
Waterloo-CedarFalls, IA - $161.3k - $53.6k - 3
Wichita Falls, TX - $181.6k - $50.9k - 3.6
Wichita, KS - $210.1k - $56.3k - 3.7
Wilmington, NC - $414.8k - $55.8k - 7.4
Winston-Salem, NC - $285.2k - $53.2k - 5.4
Worcester, MA-CT - $398k - $64.5k - 6.2
Yakima, WA - $341.3k - $50.9k - 6.7
York-Hanover, PA - $241.1k - $57.9k - 4.2
Youngstown-Warren-Boardman, OH-PA - $135.5k - $48.9k - 2.8

FahkDizchit t1_jboc4pb wrote on March 10, 2023 at 2:14 PM

People in the VA suburbs of DC get paid.

ElvisDumbledore t1_jbqkcdz wrote on March 10, 2023 at 11:05 PM

; delimited for spreadsheets

Abilene;TX;$234.9k;$55.6k;4.2
Akron;OH;$192.3k;$58.7k;3.3
Albany-Schenectady-Troy;NY;$275.9k;$67.8k;4.1
Albuquerque;NM;$336.5k;$52.3k;6.4
Allentown-Bethlehem-Easton;PA-NJ;$299.8k;$62.6k;4.8
Amarillo;TX;$214.3k;$56.2k;3.8
Anaheim-Santa Ana-Irvine;CA;$1132k;$75.8k;14.9
AnnArbor;MI;$354.6k;$68.7k;5.2
Appleton;WI;$253.6k;$58.3k;4.3
Asheville;NC;$420k;$54.8k;7.7
Atlanta-Sandy Springs-Marietta;GA;$353.3k;$63.2k;5.6
Atlantic City-Hammonton;NJ;$312.4k;$58.3k;5.4
Austin-Round Rock;TX;$478.9k;$71.4k;6.7
Baltimore-Columbia-Towson;MD;$363.5k;$70.5k;5.2
Barnstable Town;MA;$668.1k;$83.2k;8
Baton Rouge;LA;$267.1k;$56.4k;4.7
Beaumont-PortArthur;TX;$207.3k;$49k;4.2
Binghamton;NY;$156.7k;$51.3k;3.1
Birmingham-Hoover;AL;$295.7k;$59.1k;5
Bismarck;ND;$266.3k;$64.1k;4.2
Bloomington;IL;$199.7k;$58.5k;3.4
Boise City-Nampa;ID;$457.8k;$55.5k;8.3
Boston-Cambridge-Newton;MA-NH;$657.9k;$92.3k;7.1
Boulder;CO;$759.5k;$89.6k;8.5
Bowling Green;KY;$262.8k;$43.3k;6.1
Bridgeport-Stamford-Norwalk;CT;$621.1k;$127.4k;4.9
Buffalo-Cheektowaga-Niagara Falls;NY;$227.8k;$56.8k;4
Burlington-South Burlington;VT;$430.5k;$65.1k;6.6
Canton-Massillon;OH;$169.6k;$52.2k;3.3
Cape Coral-Fort Myers;FL;$414.3k;$62.9k;6.6
CapeGirardeau;MO-IL;$211.1k;$48.4k;4.4
Cedar Rapids;IA;$194.3k;$59.1k;3.3
Champaign-Urbana;IL;$175.5k;$55.3k;3.2
Charleston;WV;$161.3k;$51.6k;3.1
Charleston-North Charleston;SC;$416.7k;$60.8k;6.9
Charlotte-Concord-Gastonia;NC-SC;$395.5k;$62.1k;6.4
Chattanooga;TN-GA;$279.6k;$53.9k;5.2
Chicago-Naperville-Elgin;IL-IN-WI;$323.2k;$72k;4.5
Cincinnati;OH-KY-IN;$255.3k;$63.1k;4
Cleveland-Elyria;OH;$208.7k;$61.9k;3.4
Colorado Springs;CO;$443.4k;$58.7k;7.5
Columbia;MO;$282.6k;$53.6k;5.3
Columbia;SC;$264k;$53.3k;5
Columbus;OH;$286.7k;$59.9k;4.8
Corpus Christi;TX;$268.2k;$52.6k;5.1
Crestview-Fort Walton Beach-Destin;FL;$403.7k;$64.7k;6.2
Cumberland;MD-WV;$132.3k;$47.6k;2.8
Dallas-Fort Worth-Arlington;TX;$375k;$66.7k;5.6
Davenport-Moline-RockIsland;IA-IL;$162.6k;$56.2k;2.9
Dayton;OH;$200.7k;$55.6k;3.6
Decatur;AL;$226.2k;$46.5k;4.9
Decatur;IL;$119.2k;$56.5k;2.1
Deltona-Daytona Beach-Ormond Beach;FL;$353.8k;$53.6k;6.6
Denver-Aurora-Lakewood;CO;$640k;$78.2k;8.2
Des Moines-West Des Moines;IA;$261k;$61.8k;4.2
Detroit-Warren-Deaborn;MI;$237k;$61k;3.9
Dover;DE;$308.1k;$50.4k;6.1
Durham-Chapel Hill;NC;$425.6k;$63.4k;6.7
El Paso;TX;$244.5k;$44.1k;5.5
Elmira;NY;$148.9k;$52.4k;2.8
Erie;PA;$158.8k;$52.7k;3
Eugene;OR;$459.5k;$55.1k;8.3
Fargo;ND-MN;$285.9k;$62k;4.6
Farmington;NM;$261.2k;$41.7k;6.3
Fayetteville;NC;$220.9k;$45.5k;4.9
Fayetteville-Springdale-Rogers;AR-MO;$323.5k;$70.6k;4.6
Florence;SC;$195.7k;$50.4k;3.9
Fond du Lac;WI;$189.2k;$56.4k;3.4
Fort Collins;CO;$585.3k;$64.3k;9.1
Fort Wayne;IN;$215.5k;$54.6k;3.9
Fresno;CA;$399k;$51.4k;7.8
Gainesville;FL;$330k;$50.6k;6.5
Glens Falls;NY;$252.4k;$56k;4.5
Grand Rapids;MI;$284.5k;$57.7k;4.9
Green Bay;WI;$260k;$58.2k;4.5
Greensboro-HighPoint;NC;$276.1k;$51.9k;5.3
Greenville-Anderson-Mauldin;SC;$318.8k;$50.9k;6.3
Gulfport-Biloxi-Pascagoulia;MS;$205.7k;$44.5k;4.6
Hagerstown-Martinsburg;MD-WV;$266.5k;$51.1k;5.2
Harrisburg-Carlisle;PA;$237k;$60.5k;3.9
Hartford-West Hartford-East Hartford;CT;$318.2k;$70k;4.5
Houston-The Woodlands-Sugar Land;TX;$337.9k;$64.8k;5.2
Huntsville;AL;$334.8k;$57.8k;5.8
Indianapolis-Carmel-Anderson;IN;$297.2k;$65.8k;4.5
Jackson;MS;$227.5k;$51.4k;4.4
Jacksonville;FL;$386k;$59.3k;6.5
JohnsonCity;TN;$254k;$48.3k;5.3
Kankakee;IL;$177.4k;$53.2k;3.3
Kansas City;MO-KS;$298.2k;$61.4k;4.9
Kennewick-Richland;WA;$417k;$52.1k;8
Kingsport-Bristol-Bristol;TN-VA;$218.3k;$47.3k;4.6
Kingston;NY;$381.3k;$60.6k;6.3
Knoxville;TN;$318.7k;$55.8k;5.7
Lakeland-WinterHaven;FL;$338.3k;$43.6k;7.8
Lansing-East Lansing;MI;$195.6k;$50.3k;3.9
Las Vegas-Henderson-Paradise;NV;$441.3k;$58.3k;7.6
Lexington-Fayette;KY;$240k;$57.5k;4.2
Lincoln;NE;$270k;$56.9k;4.7
Little Rock-North Little Rock-Conway;AR;$204.8k;$53.2k;3.9
Los Angeles-Long Beach-Glendale;CA;$829.1k;$75.8k;10.9
Louisville/JeffersonCounty;KY-IN;$251.2k;$59.4k;4.2
Madison;WI;$380k;$69.1k;5.5
Manchester-Nashua;NH;$454.1k;$71.8k;6.3
Memphis;TN-MS-AR;$254k;$56.6k;4.5
Miami-Fort Lauderdale-West Palm Beach;FL;$550k;$73.5k;7.5
Milwaukee-Waukesha-West Allis;WI;$335k;$65.8k;5.1
Minneapolis-St. Paul-Bloomington;MN-WI;$365.6k;$71.9k;5.1
Mobile;AL;$207.5k;$46.4k;4.5
Montgomery;AL;$191.2k;$49.3k;3.9
Myrtle Beach-Conway-North Myrtle Beach;SC;$373.5k;$49.2k;7.6
Naples-Immokalee-MarcoIsland;FL;$802.5k;$118k;6.8
Nashville-Davidson--Murfreesboro--Franklin;TN;$400.1k;$70k;5.7
New Haven-Milford;CT;$329.6k;$64.6k;5.1
Newark;NJ-PA;$538.5k;$85.1k;6.3
NewOrleans-Metairie;LA;$275.9k;$61.3k;4.5
NewYork-Newark-Jersey City;NY-NJ-PA;$594.3k;$85.1k;7
North Port-Sarasota-Bradenton;FL;$520k;$69.4k;7.5
Norwich-New London;CT;$322.6k;$63.9k;5.1
Ocala;FL;$280k;$45.2k;6.2
Ogden-Clearfield;UT;$453.5k;$52.3k;8.7
Oklahoma City;OK;$222.2k;$57.2k;3.9
Omaha-Council Bluffs;NE-IA;$267.2k;$64.2k;4.2
Orlando-Kissimmee-Sanford;FL;$422.7k;$53.1k;8
Oshkosh-Neenah;WI;$220.7k;$55.2k;4
Palm Bay-Melbourne-Titusville;FL;$355k;$55.5k;6.4
Panama City;FL;$350.3k;$54k;6.5
Pensacola-Ferry Pass-Brent;FL;$316.3k;$52.5k;6
Peoria;IL;$133.6k;$55.8k;2.4
Philadelphia-Camden-Wilmington;PA-NJ-DE-MD;$329.5k;$72.4k;4.6
Phoenix-Mesa-Scottsdale;AZ;$450.4k;$58.3k;7.7
Pittsfield;MA;$335.7k;$65.1k;5.2
Port St.Lucie;FL;$399.5k;$66.6k;6
Portland-South Portland;ME;$460.2k;$68.6k;6.7
Portland-Vancouver-Hillsboro;OR-WA;$567.5k;$68.4k;8.3
Providence-Warwick;RI-MA;$431.7k;$64.6k;6.7
Punta Gorda;FL;$392.8k;$51.7k;7.6
Raleigh;NC;$431k;$66.4k;6.5
Reading;PA;$233.7k;$58k;4
Reno;NV;$562.1k;$71.5k;7.9
Richmond;VA;$365k;$65.8k;5.5
Riverside-San Bernardino-Ontario;CA;$540k;$50.4k;10.7
Rochester;NY;$202.7k;$58.5k;3.5
Rockford;IL;$161k;$51.1k;3.1
Sacramento--Roseville--Arden-Arcade;CA;$500k;$66k;7.6
Salem;OR;$443.6k;$53k;8.4
Salt Lake City;UT;$524.8k;$61.6k;8.5
San Antonio-New Braunfels;TX;$329.8k;$53.6k;6.1
San Diego-Carlsbad;CA;$857k;$72.6k;11.8
San Francisco-Oakland-Hayward;CA;$1230k;$123.7k;9.9
San Jose-Sunnyvale-Santa Clara;CA;$1577.5k;$136.3k;11.6
Seattle-Tacoma-Bellevue;WA;$708.9k;$89.3k;7.9
Sebastian-Vero Beach;FL;$366.8k;$95.1k;3.9
Sherman-Denison;TX;$267.3k;$52.1k;5.1
Shreveport-Bossier City;LA;$206.3k;$55.2k;3.7
Sioux Falls;SD;$298.9k;$71.6k;4.2
SouthBend-Mishawaka;IN-MI;$185.6k;$56.1k;3.3
Spartanburg;SC;$275.7k;$50.6k;5.4
Spokane-Spokane Valley;WA;$389.4k;$53.3k;7.3
Springfield;IL;$162.4k;$57.1k;2.8
Springfield;MA;$318.6k;$61.5k;5.2
Springfield;MO;$224.1k;$48.7k;4.6
St. Louis;MO-IL;$239k;$64.8k;3.7
Syracuse;NY;$197.9k;$58.1k;3.4
Tallahassee;FL;$315k;$52.3k;6
Tampa-St.Petersburg-Clearwater;FL;$399k;$58.3k;6.8
Toledo;OH;$159.3k;$54.4k;2.9
Topeka;KS;$171.5k;$53.7k;3.2
Trenton;NJ;$357.8k;$77.9k;4.6
Tucson;AZ;$368.2k;$52.9k;7
Tulsa;OK;$239.3k;$59.9k;4
Urban Honolulu;HI;$1090.2k;$63.9k;17.1
Virginia Beach-Norfolk-Newport News;VA-NC;$305.4k;$56.7k;5.4
Washington-Arlington-Alexandria;DC-VA-MD-WV;$550.1k;$80.8k;6.8
Waterloo-CedarFalls;IA;$161.3k;$53.6k;3
Wichita Falls;TX;$181.6k;$50.9k;3.6
Wichita;KS;$210.1k;$56.3k;3.7
Wilmington;NC;$414.8k;$55.8k;7.4
Winston-Salem;NC;$285.2k;$53.2k;5.4
Worcester;MA-CT;$398k;$64.5k;6.2
Yakima;WA;$341.3k;$50.9k;6.7
York-Hanover;PA;$241.1k;$57.9k;4.2
Youngstown-Warren-Boardman;OH-PA;$135.5k;$48.9k;2.8

ktxhopem3276 t1_jbok9y3 wrote on March 10, 2023 at 3:11 PM

Where is Pittsburgh the 29th largest metro area?

ripgoodhomer t1_jbokzr8 wrote on March 10, 2023 at 3:16 PM

People from Pittsburgh must have bribed the list maker to stay off the list. Its a pretty nice place that is still kinda affordable, at least it was when my sister left there for a new job a few years ago.

thatdude333 OP t1_jbov8dl wrote on March 10, 2023 at 4:23 PM

The Metropolitan Statistical Areas listed on the chart are the ones I could match up Median Home Prices from the National Association of Realtors and Per Capita Income from the US Bureau of Economic Analysis to calculate a ratio from. Out of 384 total Metropolitan Statistical Areas, this chart shows 182 of them.

heterosis t1_jbp2r83 wrote on March 10, 2023 at 5:11 PM

Newark is listed twice, once as part of NYC and once separate...

[deleted] t1_jbqiqzp wrote on March 10, 2023 at 10:53 PM

[deleted]

Muffinman3571 t1_jbm3ngo wrote on March 10, 2023 at 12:40 AM

I live in Utah and the rural areas are where it's really crazy. My dad lives in the city that is purely residential no business is allowed in city limits. He bought his home in 2008 for a touch under $300k. He sold it last year for $1.3 million.

I_ate_it_all t1_jbotzfv wrote on March 10, 2023 at 4:15 PM

That level of growth is what we are seeing in Oceanside, which is the last coastal part of San Diego County to gentrify. It's hard to fathom, but at least if you drive inland 15 minutes the growth is only double over the same time period...

windowsfrozenshut t1_jbrp3yw wrote on March 11, 2023 at 4:37 AM

Yeah, Utah is ridiculous. I was lucky and bought my house in 2018, but any median level earner here who waited until 2020 and after to try and buy is literally not able to afford anything right now. I'm not even in any of the metros listed on the chart, but my little bumfuck town is right there with them which is shocking. Double wides built in the 80's are selling for 100k at 10% interest plus 6-700 a month in lot rent, and that's the cheapest option.

Iluvteak t1_jbycz9i wrote on March 12, 2023 at 5:56 PM

My god that makes me ill. Good for him but wtf is going on

[deleted] t1_jbnw00p wrote on March 10, 2023 at 11:50 AM

[removed]

DawnExplosion t1_jbmnlow wrote on March 10, 2023 at 3:15 AM

Spectacular! Thank you for taking the time to post this. Enjoy your award!

Wizard01475 t1_jbm68ty wrote on March 10, 2023 at 1:00 AM

Where is this data from? Can we get it for 2020? 2015?

alightinthe t1_jbqms67 wrote on March 10, 2023 at 11:22 PM

Yes! I want a historical perspective too- like what did this ratio look like in the 70s? 80s? 10 years ago, 5 years ago, etc.?

poopydoopylooper t1_jbn4be2 wrote on March 10, 2023 at 5:50 AM

Did the math for my semi-metro area (town with a medium sized state college) and the ratio is fucking 27.9

It’s absolutely impossible to live here. No wonder I’ve been struggling to survive the last few years.

pumpjockey t1_jbmom6u wrote on March 10, 2023 at 3:23 AM

Chattanooga, TN - GA

Look I get we're on the line but.....pick a godamned state

EDIT: Oh shit we aint the only ones

thatdude333 OP t1_jbnjpnq wrote on March 10, 2023 at 9:03 AM

Chattanooga, TN-GA Metropolitan Statistical Area

https://censusreporter.org/profiles/31000US16860-chattanooga-tn-ga-metro-area/

whateveryouwant4321 t1_jbobw79 wrote on March 10, 2023 at 2:13 PM

live in san diego and have been working remotely under our company's SF salary schedule since well before covid. i'm too extroverted to be fully remote and wish i could interact with people, but every time i look for a job here, i can't take the pay cut and still comfortably pay my mortgage without dipping into passive income. and i bought in 2016 and put 40% down.

lead_injection t1_jbocwsi wrote on March 10, 2023 at 2:20 PM

San Diego underpays, and it’s by quite a lot for engineering/tech jobs. You’d probably make the same money in Arizona as SD.

itsmenobody t1_jbnajn9 wrote on March 10, 2023 at 7:03 AM

Live in Irvine. This tracks.

khronz t1_jbpekr8 wrote on March 10, 2023 at 6:27 PM

So much for owning property here.

esp211 t1_jbnu7kh wrote on March 10, 2023 at 11:28 AM

Live in Carlsbad. Can confirm.

D3adSh0t6 t1_jbol4rl wrote on March 10, 2023 at 3:17 PM

Ugh I live in San Deigo and and commute to Carlsbad. Its sad to say but Carlsbad market is better than San Diego. It's just awful overall..

Just biding my time until I can move back out east again where I can afford

rainydays2020 t1_jbm8p56 wrote on March 10, 2023 at 1:18 AM

Can you tell us a bit about this sample? How/ why were this areas chosen?

thatdude333 OP t1_jbm9wf7 wrote on March 10, 2023 at 1:27 AM

The Metropolitan Statistical Areas listed on the chart are the ones I could match up Median Home Prices from the National Association of Realtors and Per Capita Income from the US Bureau of Economic Analysis to calculate a ratio from.

rainydays2020 t1_jbmljoq wrote on March 10, 2023 at 2:58 AM

So, just the matching data with case-wise deletion of sounds like. Would be interesting to see some descriptives: how many of the largest metropolitan areas are included? What percent of US population does this cover? Racial demographics of cities?

txa1265 t1_jbod0bn wrote on March 10, 2023 at 2:21 PM

Funny looking at this - I live close to Elmira NY, and there is one major employer in the area (Corning Inc., located in ... Corning) whereas Elmira has a maximum security prison and hasn't really ever recovered since industry left and the prison economy set in.

The disparity between Elmira and the Corning/Horseheads towns that house most of the engineers/scientists/execs is ... stark. But it makes me wonder how things would compare - sure your income would increase significantly, but there are also loads of 400k+ houses (I think recent report I saw said median home price in area was close to $350k)

ghdana t1_jbr0cmo wrote on March 11, 2023 at 1:06 AM

Corning also has a ton of cheap places in a good location in town, like under 150k for a place that is ok.

It's like Painted Post and Gang Mills are the expensive parts. Which of funny to me because after living in suburban hell outside of larger cities the last decade the aesthetic of PP and GM are off-putting to me. Yet they're very expensive compared to the cute historic maintained places in Corning.

ohmynards85 t1_jboexjp wrote on March 10, 2023 at 2:35 PM

I wonder how many of the top 25 cheapest places to live on this list are located by factories or places that pollute a lot.

FalcoFox2112 t1_jbof41n wrote on March 10, 2023 at 2:36 PM

Boy I sure know how to pick places to live. 😕

Vegas, Boise, Honolulu, Long Beach. 😓

EnHemligKonto t1_jbnhz8s wrote on March 10, 2023 at 8:39 AM

I wonder if the standard deviation would add much to the data? Does it vary much between these metro areas?

A clump of data is much better described with two numbers than with one.

RobotSocks357 t1_jbo2njk wrote on March 10, 2023 at 12:57 PM

I'd be curious to see this as a scatter plot as well. Sure, you lose the detail of being able to see the specific city, but for instance, Ann Arbor is not cheap yet it floats right in the middle, because income there is higher.

sourcreamus t1_jbod1la wrote on March 10, 2023 at 2:21 PM

What is wrong with vero beach Florida that is has such reasonable housing ?

[deleted] t1_jbp9hxn wrote on March 10, 2023 at 5:54 PM

[deleted]

lupuscapabilis t1_jbohcuy wrote on March 10, 2023 at 2:51 PM

Probably hurricanes and expensive insurance

thumpngroove t1_jbophn4 wrote on March 10, 2023 at 3:46 PM

My Aunt and Cousin live there, and I would, too, if was ready to retire. It’s pretty nice, and not too crazy busy. It’s just far enough away from Orlando/Space Coast and Miami/Fort Lauderdale.

afleetingmoment t1_jbpa7dn wrote on March 10, 2023 at 5:58 PM

My parents have lived there since 2010. Vero has plenty of room to grow, unlike a lot of South Florida.

However, my bet is on this data being skewed not by the home costs, but by the income number. There is a small but sizable contingent of HNW individuals who call Vero home. The area is known as the Treasure Coast for a reason. The barrier island has some super exclusive communities with multi-million dollar real estate; the mainland has places where you can buy new houses for $400K+ even now.

Iluvteak t1_jbyekuy wrote on March 12, 2023 at 6:07 PM

It’s a bastion of the wealthy. But also has some poor folks to service the masters. I assume the high incomes skew the data in this case.

FctFndr t1_jbovpdg wrote on March 10, 2023 at 4:26 PM

SoCal.. you are way to expensive

khronz t1_jbpeo1j wrote on March 10, 2023 at 6:27 PM

Gotta pay to play in the sun.

Slytherin77777 t1_jbp1g9f wrote on March 10, 2023 at 5:03 PM

Have you ever been?

FctFndr t1_jbp1ltm wrote on March 10, 2023 at 5:03 PM

I live and work here.. the past 35 years.

Slytherin77777 t1_jbp1syi wrote on March 10, 2023 at 5:05 PM

Oh lmfao hi neighbor. I used to say “but the weather is great” and can’t even say that right now with all this RAIN

FctFndr t1_jbp4i63 wrote on March 10, 2023 at 5:22 PM

true.. even parts of California have gotten epic snow. SoCal is a great place to live and work and I am glad I bought my house 20 years ago because I could not afford to buy it today with what it is worth.

When I started my career 25 years ago, I was legitimately told 'you won't necessarily make as much here, as in other places, because of the 'sunshine tax'' The fact that it is relatively beautiful year-round, you get less money!

Electrical-Song19 t1_jbr9nid wrote on March 11, 2023 at 2:21 AM

are you kidding me, the rain is great! after the rain the hills look alive and refreshed, there is so much green.

captbobalou t1_jbq90q7 wrote on March 10, 2023 at 9:46 PM

TIL that Helena MT ranks about the same as LA (just over 10.4), and Bozeman is off the charts, surpassing Honolulu (17.1) by a full point (18.4)

Explains a lot.

EqualityZucchini t1_jbm859t wrote on March 10, 2023 at 1:14 AM

To everyone saying Seattle has a real estate bubble... Ahem.

libertarianinus t1_jbm9r8q wrote on March 10, 2023 at 1:26 AM

Thanks for this. Of course the worst is california and hawaii but interesting florida has areas that are good and bad depending on the city.

Miserly_Bastard t1_jbmb9ss wrote on March 10, 2023 at 1:38 AM

Florida also has a lot of retirees. That means that their cash may be coming from investments rather than earnings. However, being of low income does not mean being poor by any means.

libertarianinus t1_jbmchrw wrote on March 10, 2023 at 1:47 AM

Thanks for infor, never thought of that. Great graph for future planning.

-native- t1_jbnv9qn wrote on March 10, 2023 at 11:41 AM

Makes sense to only show non-Chicago IL metro towns on this list… not very comparable to LA/San Diego but what do I know

Funicularly t1_jbo7kws wrote on March 10, 2023 at 1:40 PM

What are you talking about?

aycee31 t1_jbobpvx wrote on March 10, 2023 at 2:11 PM

The Chicago metro area includes a very large area hence the IL-IN-WI at the end. Places like Racine and Kenosha in WI, Gary in IN are included and those places are far more affordable to buy a home than Chicago or the surrounding suburbs in IL.

Turkeydunk t1_jbox3aq wrote on March 10, 2023 at 4:35 PM

Orlando housing isn’t much more expensive than the Midwest and salaries are comparable

Eudaimonics t1_jbpudv1 wrote on March 10, 2023 at 8:10 PM

Not any more

Mackinnon29E t1_jbp1i50 wrote on March 10, 2023 at 5:03 PM

Wow, it's great living in Fort Collins....

Wyattmae19771977 t1_jbqafx2 wrote on March 10, 2023 at 9:56 PM

Agree, neighbor!

BenHur42 t1_jcd3pnk wrote on March 15, 2023 at 11:34 PM

Ya fuck our housing market in the whole Front Range honestly.

UCanDoNEthing4_30sec t1_jbp7kak wrote on March 10, 2023 at 5:42 PM

Great graphic. No doubt San Diego housing is not affordable to many in the city. But there are many other things that go into it. Wealth and assets are other big parts.

A lot of people in the city already own said homes, therefore, already have built up equity. They can use gains selling their homes to buy other homes.

[deleted] t1_jbq3fvq wrote on March 10, 2023 at 9:09 PM

[deleted]

windowsfrozenshut t1_jbrppie wrote on March 11, 2023 at 4:43 AM

Pay that thing off and live like a king!

Jace_Bror t1_jcgni30 wrote on March 16, 2023 at 6:15 PM

Be nice to see more cities in MN then just Fargo on here to compare things to

[deleted] t1_jbmle25 wrote on March 10, 2023 at 2:57 AM

[removed]

[deleted] t1_jbmtf60 wrote on March 10, 2023 at 4:04 AM

[removed]

[deleted] t1_jbn69xd wrote on March 10, 2023 at 6:12 AM

[removed]

[deleted] t1_jbnkja3 wrote on March 10, 2023 at 9:15 AM

[removed]

bourbonfairy t1_jbon2oh wrote on March 10, 2023 at 3:30 PM

I would like to see this sorted by average income. What city has the highest paying jobs with the lowest cost of housing?

thatdude333 OP t1_jboxop2 wrote on March 10, 2023 at 4:39 PM

Here are the top 20x MSAs sorted by Per Capita Income

Per Capita Income - Median House Price - Metro Stat Area

$136.3k - $1,577.5k - San Jose-Sunnyvale-Santa Clara, CA
$127.4k - $621.1k - Bridgeport-Stamford-Norwalk, CT
$123.7k - $1,230k - San Francisco-Oakland-Hayward, CA
$118k - $802.5k - Naples-Immokalee-MarcoIsland, FL
$95.1k - $366.8k - Sebastian-Vero Beach, FL
$92.3k - $657.9k - Boston-Cambridge-Newton, MA-NH
$89.6k - $759.5k - Boulder, CO
$89.3k - $708.9k - Seattle-Tacoma-Bellevue, WA
$85.1k - $594.3k - New York-Newark-Jersey City, NY-NJ-PA
$85.1k - $538.5k - Newark, NJ-PA
$83.2k - $668.1k - Barnstable Town, MA
$80.8k - $550.1k - Washington-Arlington-Alexandria, DC-VA-MD-WV
$78.2k - $640k - Denver-Aurora-Lakewood, CO
$77.9k - $357.8k - Trenton, NJ
$75.8k - $1132k - Anaheim-Santa Ana-Irvine, CA
$75.8k - $829.1k - Los Angeles-Long Beach-Glendale, CA
$73.5k - $550k - Miami-Fort Lauderdale-West Palm Beach, FL
$72.6k - $857k - San Diego-Carlsbad, CA
$72.4k - $329.5k - Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
$72k - $323.2k - Chicago-Naperville-Elgin, IL-IN-WI

And here are the bottom 20x MSAs sorted by Per Capita Income

Per Capita Income - Median House Price - Metro Stat Area

$50.4k - $540k - Riverside-San Bernardino-Ontario, CA
$50.3k - $195.6k - Lansing-East Lansing, MI
$49.3k - $191.2k - Montgomery, AL
$49.2k - $373.5k - Myrtle Beach-Conway-North Myrtle Beach,
$49k - $207.3k - Beaumont-PortArthur, TX
$48.9k - $135.5k - Youngstown-Warren-Boardman, OH-PA
$48.7k - $224.1k - Springfield, MO
$48.4k - $211.1k - Cape Girardeau, MO-IL
$48.3k - $254k - Johnson City, TN
$47.6k - $132.3k - Cumberland, MD-WV
$47.3k - $218.3k - Kingsport-Bristol-Bristol, TN-VA
$46.5k - $226.2k - Decatur, AL
$46.4k - $207.5k - Mobile, AL
$45.5k - $220.9k - Fayetteville, NC
$45.2k - $280k - Ocala ,FL
$44.5k - $205.7k - Gulfport-Biloxi-Pascagoulia, MS
$44.1k - $244.5k - El Paso, TX
$43.6k - $338.3k - Lakeland-WinterHaven, FL
$43.3k - $262.8k - Bowling Green, KY
$41.7k - $261.2k - Farmington, NM

whitepony55 t1_jbow6jc wrote on March 10, 2023 at 4:29 PM

Feels bad, moving from 3 most expensive to the most expensive

rabbiskittles t1_jbpc8yq wrote on March 10, 2023 at 6:12 PM

Very nice analysis!

I would be very interested to see how the number of jobs in each area looks in relation to these data (or even a silly proxy like total population). Many people say “Well don’t live in the middle of Seattle, LA, SF, or NYC then!”, but I feel like this suggestion is a bit myopic. If even 20% of those major urban workers decided to up and move to suburban/rural Illinois, my hunch is they would either quickly overwhelm the entire job market in those areas, or all the remote tech workers would quickly drive up housing prices because their Silicon Valley salary lets them offer double current rent prices and still save money.

khronz t1_jbpegkc wrote on March 10, 2023 at 6:26 PM

Irvine, 14.9.....ugh, home ownership in my hometown is not possible for me and my generation.

LeadDiscovery t1_jbph5jo wrote on March 10, 2023 at 6:43 PM

Holy smokes, I'm freaking rich! Now I just have to go find where I hid all that wealth...

[deleted] t1_jbpmlt6 wrote on March 10, 2023 at 7:19 PM

[deleted]

Ok_Confusion_1777 t1_jbqi90p wrote on March 10, 2023 at 10:50 PM

7-8 range? Median income here has gone up a lot despite what you might infer from just reading this Reddit, so the chasm isn't as awful as supposed. Not that great either though!

ParsnipPrestigious59 t1_jbqw5j4 wrote on March 11, 2023 at 12:33 AM

Of course my city is one of the three cities in the second highest ratio lmao

K04free t1_jbr3bov wrote on March 11, 2023 at 1:30 AM

Which city offers the best balance of quality of life vs affordability ?

[deleted] t1_jbr64yu wrote on March 11, 2023 at 1:53 AM

[removed]

isunktheship t1_jbr8axf wrote on March 11, 2023 at 2:10 AM

I live in the "San Diego - Carlsbad" option.. AMA

AMA stands for "Aggravated Mortgage Angst", right?

[deleted] t1_jbtb1fv wrote on March 11, 2023 at 3:31 PM

[deleted]

Aerodrive160 t1_jbtij4f wrote on March 11, 2023 at 4:24 PM

Did I miss it? Did not see Single town in the Washington DC metro area.

Express-Statement-90 t1_jcezur1 wrote on March 16, 2023 at 11:02 AM

It’s sad that all the good places, with good paying jobs and a modern society are expensive. The worst places are cheaper and are run by republicans.

captainpicard6912 t1_jbq3v5w wrote on March 10, 2023 at 9:12 PM

Cue all the whining about how it's "not fair" that larger/more desirable metro areas are more expensive. Even though that's been the case since...forever.

AdamantForeskin t1_jbo7a6u wrote on March 10, 2023 at 1:37 PM

Not to be snarky, but I bet if you gathered data on how desirable each of these places are to live, the R-squared would be 1, or so close to 1 so as to effectively be 1

thatdude333 OP t1_jbohm0b wrote on March 10, 2023 at 2:53 PM

Desirability is highly subjective.

I live in the Syracuse, NY MSA which has a pretty low ratio (3.4) and enjoy living here - Mild summers, actual winters (3 ski resorts close by), easy driving distance to the Adirondacks & Catskills, no traffic, all my friends are within an hour or so drive, $270k 2500sqft house on 3 acres 20 minutes from work.

From other threads on housing costs, I see tons of comments from Redditors that "can't live" in areas outside NYC, Boston, DC, Seattle, SF, LA, etc. because they value urban living the most.

To each their own, but my point is, different people value different things.

omarmctrigger t1_jbm8fde wrote on March 10, 2023 at 1:16 AM

I’m calling b.s. on that Nashville score.

thatdude333 OP t1_jbm8ugy wrote on March 10, 2023 at 1:19 AM

Take it up with the National Association of Realtors & US Bureau of Economic Analysis

Music_City_Madman t1_jbmmbr2 wrote on March 10, 2023 at 3:04 AM

Lol i know, right? $70K per capita? The median HHI in Davidson County is like $69K. I’d wager most people in Nashville area are earning $45-$65K tops. Wages here suck.

https://fred.stlouisfed.org/series/MHITN47037A052NCEN

alwaysmyfault t1_jbms7zu wrote on March 10, 2023 at 3:53 AM

Kind of a weird label for Fargo.

It's labeled as "Fargo ND-MN" (It's at the 4.6 mark)

Fargo is in ND, not MN.

smillersmalls t1_jbmwu4p wrote on March 10, 2023 at 4:35 AM

These are MSAs, OP didn’t make them up. Part of the Fargo metro area is in MN.

[deleted] t1_jblvvml wrote on March 9, 2023 at 11:43 PM

[deleted]

thatdude333 OP t1_jblwhz5 wrote on March 9, 2023 at 11:48 PM

Boston-Cambridge-Newton, MA-NH Metropolitan Statistical Area

https://censusreporter.org/profiles/31000US14460-boston-cambridge-newton-ma-nh-metro-area/

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