Least Affordable Housing Markets in the USA

Jed Kolko crunches the numbers to see how long the average worker would have to work in order to buy a home in different parts of the country:

If you want more affordable housing, you might guess that moving to the suburbs is the answer. Not always! You’ll actually need to work longer – earning the local average wage – to buy a home in Long Island (14.6 years) than in New York (13.4 years); more years in Ventura County (16.5 years) than in Los Angeles (15.5 years); and more years in Peabody, Massachusetts (13.5 years), than in Boston (12.1 years).

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