2023 Competitiveness Redbook 2023 | Page 66

Source : Joint Center for Housing Studies of Harvard University TABLE 57
Metropolitan Median House Price to Median Income Ratio ( 1990 – 2021 )
Rank
2021 Ratio
1990 Ratio
1 San Jose-Sunnyvale-Santa Clara , CA
12.58
6.21
2 San Francisco-Oakland-Hayward , CA
11.30
6.25
3 Los Angeles-Long Beach-Anaheim , CA
10.35
6.04
4 San Diego-Carlsbad , CA
9.84
5.15
5 Las Vegas-Henderson-Paradise , NV
8.07
2.94
5 Miami-Fort Lauderdale-West Palm Beach , FL
8.07
3.07
7 Seattle-Tacoma-Bellevue , WA
7.48
3.41
8 Riverside-San Bernardino-Ontario , CA
7.26
3.93
9 New York-Newark-Jersey City , NY-NJ-PA
7.00
4.33
10 Sacramento-Roseville-Arden-Arcade , CA
6.53
4.03
11 Boston-Cambridge-Newton , MA-NH
6.52
4.04
12 Portland-Vancouver-Hillsboro , OR-WA
6.41
2.44
13 Phoenix-Mesa-Scottsdale , AZ
6.38
2.75
14 Orlando-Kissimmee-Sanford , FL
5.88
2.70
15 Austin-Round Rock , TX
5.80
2.39
16 Tampa-St . Petersburg-Clearwater , FL
5.79
2.68
17 Denver-Aurora-Lakewood , CO
5.73
2.52
18 Charlotte-Concord-Gastonia , NC-SC
5.38
2.21
19 Nashville-Davidson-Murfreesboro-Franklin , TN
5.10
2.70
20 Jacksonville , FL
5.01
2.66
21 Washington-Arlington-Alexandria , DC-VA-MD-WV
4.93
3.07
22 Raleigh , NC
4.91
2.76
23 New Orleans-Metairie , LA
4.79
2.67
24 Richmond , VA
4.76
2.56
25 Providence-Warwick , RI-MA
4.72
4.19
26 Birmingham-Hoover , AL
4.68
2.97
27 Memphis , TN-MS-AR
4.64
2.87
27 Milwaukee-Waukesha-West Allis , WI
4.64
2.56
29 San Antonio-New Braunfels , TX
4.58
2.37
30 Dallas-Fort Worth-Arlington , TX
4.47
2.67
31 Hartford-West Hartford-East Hartford , CT
4.37
3.82
32 Minneapolis-St . Paul-Bloomington , MN-WI
4.35
2.39
33 Chicago-Naperville-Elgin , IL-IN-WI
4.31
2.99
33 Columbus , OH
4.31
2.61
35 Houston-The Woodlands-Sugar Land , TX
4.22
2.16
36 Baltimore-Columbia-Towson , MD
4.17
2.37
37 Atlanta-Sandy Springs-Roswell , GA
4.09
2.44
38 Indianapolis-Carmel-Anderson , IN
4.05
2.30
39 Philadelphia-Camden-Wilmington , PA-NJ-DE-MD
4.02
2.95
40 Virginia Beach-Norfolk-Newport News , VA-NC
3.89
2.64
41 Kansas City , MO-KS
3.79
2.28
42 Cincinnati , OH-KY-IN
3.73
2.55
43 Louisville / Jefferson County , KY-IN
3.72
2.16
44 Oklahoma City , OK
3.71
1.88
45 Buffalo-Cheektowaga-Niagara Falls , NY
3.69
2.69
46 Cleveland-Elyria , OH
3.68
2.58
47 Detroit-Warren-Dearborn , MI
3.43
2.11
48 Rochester , NY
3.27
2.40
49 St . Louis , MO-IL
3.22
2.59
50 Pittsburgh , PA
2.91
1.97
United States
5.33
3.08
In 2021 the Seattle-Tacoma-Bellevue metro area ranked seventh highest among the 50 most highly populated metropolitan areas for the ratio of median house price to median income .