Middle class can’t afford home in half of U.S. metros: Study

Sharing is Caring!

Housing is becoming an exclusively upper-class privilege in a growing number of cities.

According to a new study by Creditnews Research, in 2024, middle-class households could afford to buy an average home in just 52 of the country’s 100 largest metros.

Just five years earlier, they could afford a home in 91 of the top 100 metros.

The situation is far worse for lower middle-class households, as they can only afford a home in seven of the largest 100 metros.

In total, 41 out of the 100 metros require a gross annual income of $100,000 or more to qualify for an average home. In 13 metros, an average income of more than $155,000 is needed.

In those cities, even the upper-middle class doesn’t qualify for an average home.

See also  Middle Class Can’t Afford Homes In Nearly Half Of Top 100 US Metros (Mortgage Rates UP 168% Under Biden, Home Prices UP 32.5%)


Americans Continue Paying The High Price Of ‘Bidenomics’

The Cumulative Effect Of Inflation Since President Biden Took Office Has Americans Paying Significantly Higher Prices For Food, Energy, Transportation, Housing, And More
Since President Biden took office, inflation has increased 16.6%. (Bureau of Labor Statistics, Accessed 7/12/2023)

See also  China Has 8.3M People Who Can't Repay Their Debts: Here Are The Shocking Ways They Are Punished



Views: 72

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.