38 US cities where people have to fork over more than 50% of their income to afford housing

ReutersIn 38 cities, at least 12% of all households are severely housing cost-burdened.
  • The cost to buy a home is more expensive than it’s ever been.
  • SmartAsset recently released a new report ranking the US cities with the most severely housing cost-burdened households – households that spend at least half of their income on housing.
  • In 38 cities, at least 12% of households are severely housing cost-burdened – almost half of the cities are in California.
  • Visit Business Insider’s homepage for more stories.

The housing market is on the climb.

It’s so expensive that, in some cities, the price of the typical home outweighs the average income by so much that it can take prospective homeowners well over a decade to save the necessary amount for a 20% down payment.

SmartAsset, a financial technology company, has released a new ranking that highlights the high cost of homeownership. Their May 2019 report found the US cities that have the most severely housing cost-burdened households. Here, a “housing cost-burdened household” is defined as one that spends more than 50% of its income on housing – well over the 30% mark that is traditionally recommended.

To determine this list, SmartAsset used data from the US Census Bureau’s 2017 1-year American Community Survey. Within this data, they took the number of severely housing cost-burdened households among homeowners in 126 cities, ranking each city by the percentage of households that spend at least half of their income on housing.

In 38 US cities, 12% (or more) of all households in the city spend at least half of their income on housing. Of these cities, 17 are in California, making it the state with the greatest number of severely housing cost-burdened cities. Florida ranks second, home to five of the most severely housing cost-burdened cities.

Read on to see the 38 US cities where at least 12% of the households are barely affording their homes.


38. Charleston, South Carolina

Percentage of severely cost-burdened households: 12%


T37. Cincinnati, Ohio

Sean Pavone/Shutterstock

Percentage of severely cost-burdened households: 12.08%


T37. Milwaukee, Wisconsin

Henryk Sadura/Shutterstock

Percentage of severely cost-burdened households: 12.08%


35. Huntington Beach, California

Percentage of severely cost-burdened households: 12.13%


34. Santa Clarita, California

Percentage of severely cost-burdened households: 12.23%


33. Simi Valley, California

Google Maps

Percentage of severely cost-burdened households: 12.25%


32. Philadelphia, Pennsylvania

f11photo/Shutterstock

Percentage of severely cost-burdened households: 12.30%


31. San Diego, California

Dancestrokes/Shutterstock

Percentage of severely cost-burdened households: 12.33%


30. Cape Coral, Florida

Khairil Azhar Junos/Shutterstock

Percentage of severely cost-burdened households: 12.46%


29. Santa Ana, California

Percentage of severely cost-burdened households:12.47%


28. Hollywood, Florida

Percentage of severely cost-burdened households: 12.63%


27. Detroit, Michigan

Kemboslice/Shutterstock

Percentage of severely cost-burdened households: 12.75%


26. San Francisco, California

Bill45/Shutterstock

Percentage of severely cost-burdened households: 12.80%


25. Corona, California

Google Maps

Percentage of severely cost-burdened households: 12.83%


24. Pembroke Pines, Florida

Percentage of severely cost-burdened households: 12.85%


23. Stockton, California

Percentage of severely cost-burdened households: 12.90%


22. Irvine, California

Steve Cukrov/Shutterstock

Percentage of severely cost-burdened households: 12.96%


T22. Norfolk, Virginia

Percentage of severely cost-burdened households: 12.96%


20. Rancho Cucamonga, California

Percentage of severely cost-burdened households: 13.06%


19. Richmond, Virginia

Sean Pavone/Shutterstock

Percentage of severely cost-burdened households: 13.16%


18. San Jose, California

Percentage of severely cost-burdened households: 13.19%


T18. Baltimore, Maryland

Jon Bilous / Shutterstock.com

Percentage of severely cost-burdened households: 13.19%


16. Oakland, California

cdrin/shutterstock

Percentage of severely cost-burdened households: 13.72%


15. Anaheim, California

James Kirkikis/Shutterstock

Percentage of severely cost-burdened households: 13.79%


14. Torrance, California

Corky Buczyk/Shutterstock

Percentage of severely cost-burdened households: 14.04%


13. Chicago, Illinois

Shutterstock

Percentage of severely cost-burdened households: 14.27%


12. Honolulu, Hawaii

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Percentage of severely cost-burdened households: 14.44%


11. Thousand Oaks, California

Percentage of severely cost-burdened households: 15%


10. Boston, Massachusetts

Songquan Deng/Shutterstock

Percentage of severely cost-burdened households: 15.41%


9. Pasadena, California

Mark Breck/Shutterstock

Percentage of severely cost-burdened households: 15.44%


8. New Orleans, Louisiana

GTS Productions/Shutterstock

Percentage of severely cost-burdened households: 15.67%


7. Long Beach, California

AP Images

Percentage of severely cost-burdened households: 16.10%


6. Yonkers, New York

Percentage of severely cost-burdened households: 17.52%


5. New York, New York

Brian Kinney/Shutterstock

Percentage of severely cost-burdened households: 17.64%


4. Hialeah, Florida

Percentage of severely cost-burdened households: 18.06%


3. Los Angeles, California

Checubus/Shutterstock

Percentage of severely cost-burdened households: 18.50%


2. Jersey City, New Jersey

f11photo/Shutterstock

Percentage of severely cost-burdened households: 19.39%


1. Miami, Florida

Felix Mizioznikov/Shutterstock

Percentage of severely cost-burdened households: 19.49%

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