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The lack ofaffordable housingis a widespread problem.
The disparity between home values and income is even more extreme in certain cities.
Based on the analysis, here is a look at the 20 low-income cities withthe highest home prices.
Isla Vista, California
2.
Stanford, California
3.
Miami Beach, Florida
4.
Boone, North Carolina
5.
Opa-locka, Florida
6.
West Lafayette, Indiana
7.
Monsey, New York
8.
Cullowhee, North Carolina
9.
Blacksburg, Virginia
10.
Ruston, Louisiana
11.
Sunny Isles Beach, Florida
12.
Ruidoso, New Mexico
13.
Springfield, Michigan
14.
Spring Valley, New York
15.
Canton, Mississippi
16.
Taos, New Mexico
17.
Pinewood, Florida
Pictured: Miami
18.
Starkville, Mississippi
19.
State College, Pennsylvania
20.
To qualify for this study, cities had to have a population of at least 5,000 total residents.
The cities with a household median income above the state median income were removed for this study.
Using the mortgage and expenditure costs, the total monthly cost of living was calculated.
The livability index, monthly expenditure costs and monthly mortgage costs were included as supplemental information.
All the scores were summed and sorted to show the cities with low incomes and high home prices.
All data was collected on and is up-to-date as of July 15, 2024.
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