With steadily increasing home prices and stagnating wages among lower-wage workers, home ownership for many Americans has become increasingly unaffordable.
The home price-to-income ratio measures the relationship between the median home price and the median household income. This metric is often used to gauge housing affordability, accounting for variations in the cost of living.
This map shows home price-to-income ratio of each U.S. state, using data from a Construction Coverage analysis of Zillow and U.S. Census Bureau data as of June 2024.
Hawaii and West Coast Have the Most Unaffordable Homes
The table below shows the home price-to-income ratio for each U.S. state, where Hawaii (9.1) and California (8.4) at the top—both well over the national average of 4.7.
Source: www.visualcapitalist.com
