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Re: The 25 Least Affordable Cities in America

By: De_Composed in GRITZ | Recommend this post (0)
Sun, 19 Jan 25 7:07 PM | 16 view(s)
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And here are the 25 MOST affordable cities in the U.S. TX and OH are the winners with 4 each. There's nothing in the west, and precious little on the eastern seaboard. Anyone want to hazard a guess as to why that might be?

Now we need some sort of a ratio between "Affordable" and "Nice Place to Live." Detroit, after all, might be cheap but . . . it's Detroit.



http://www.zerohedge.com/personal-finance/these-are-25-most-affordable-cities-america


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The above is a reply to the following message:
The 25 Least Affordable Cities in America
By: De_Composed
in GRITZ
Fri, 17 Jan 25 1:46 PM
Msg. 02669 of 02763

January 17, 2025

These Are The 25 Least Affordable Cities In America

by Tyler Durden
ZeroHedge.com


Inflation may have come down from its post-pandemic highs, but Americans are still feeling the effects of the rapid price rise in the last three years.

And some places in the country are simply more expensive than others due to larger populations, more economic opportunities, desirable communities, and high taxes.

This chart ranks the 25 least affordable of America’s 50 largest cities by average monthly household spending on 10 common bills.


Data is sourced from payment platform Doxo’s annual report tracking household expenditure.

America’s Most Expensive Large City: San JoseAmerica’s least affordable large cities are clustered along the coasts.

California alone has five of them, led by San Jose, where households spend nearly $3,700 dollars a month.


Seattle ($3,049/month) and Portland ($2,758/month) also make the top 10, further representing the West Coast.

A brief glance at the map shows the other expensive cities are found along the Eastern Seaboard and—more surprisingly—down in the South. Southern states are generally known for lower costs of living.

The middle of the country is conspicuously unmarked except for Denver ($2,743/month) and Colorado Springs ($2,393/month).

But just dollars spent isn’t everything.

By looking at the share of monthly income put towards these bills, some cities on the coasts are more affordable than, say, Baltimore ($2,287/month) and Orlando ($2,251/month). Households there spend fewer dollars, but more as a proportion of their earned income.

http://www.zerohedge.com/personal-finance/these-are-25-least-affordable-cities-america


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