2024 Competitiveness Redbook | Page 66

Metropolitan Median House Price to Median Income Ratio ( 1990 – 2022 )
Source : Joint Center for Housing Studies of Harvard University TABLE 57
Rank
2022 Ratio
1990 Ratio
1 San Jose-Sunnyvale-Santa Clara , CA
12.02
6.21
2 San Francisco-Oakland-Hayward , CA
11.34
6.25
3 Los Angeles-Long Beach-Anaheim , CA
10.89
6.04
4 San Diego-Carlsbad , CA
9.52
5.15
5 Miami-Fort Lauderdale-West Palm Beach , FL
8.67
3.07
6 Las Vegas-Henderson-Paradise , NV
7.36
2.94
7 Seattle-Tacoma-Bellevue , WA
7.28
3.41
8 Denver-Aurora-Lakewood , CO
7.12
2.52
9 New York-Newark-Jersey City , NY-NJ-PA
7.08
4.33
10 Riverside-San Bernardino-Ontario , CA
6.98
3.93
11 Portland-Vancouver-Hillsboro , OR-WA
6.78
2.44
12 Salt Lake City , UT
6.75
2.21
13 Boston-Cambridge-Newton , MA-NH
6.51
4.04
14 Orlando-Kissimmee-Sanford , FL
6.42
2.70
15 Bridgeport-Stamford-Norwalk , CT
6.28
5.94
16 Tampa-St . Petersburg-Clearwater , FL
6.22
2.68
17 Austin-Round Rock , TX
6.12
2.39
18 Phoenix-Mesa-Scottsdale , AZ
6.07
2.75
19 Sacramento-Roseville-Arden-Arcade , CA
6.06
4.03
20 Providence-Warwick , RI-MA
5.87
4.19
21 Nashville-Davidson-Murfreesboro-Franklin , TN
5.77
2.70
22 Charlotte-Concord-Gastonia , NC-SC
5.70
2.21
23 Jacksonville , FL
5.58
2.66
24 Raleigh , NC
5.25
2.76
25 Washington-Arlington-Alexandria , DC-VA-MD-WV
5.07
3.07
26 Dallas-Fort Worth-Arlington , TX
5.00
2.67
27 Memphis , TN-MS-AR
4.97
2.87
28 Richmond , VA
4.96
2.56
29 New Orleans-Metairie , LA
4.91
2.67
30 San Antonio-New Braunfels , TX
4.90
2.37
31 Milwaukee-Waukesha-West Allis , WI
4.89
2.56
32 Houston-The Woodlands-Sugar Land , TX
4.76
2.16
33 Atlanta-Sandy Springs-Roswell , GA
4.66
2.44
34 Chicago-Naperville-Elgin , IL-IN-WI
4.34
2.99
35 Minneapolis-St . Paul-Bloomington , MN-WI
4.26
2.39
36 Indianapolis-Carmel-Anderson , IN
4.24
2.30
37 Virginia Beach-Norfolk-Newport News , VA-NC
4.21
2.64
38 Baltimore-Columbia-Towson , MD
4.18
2.37
39 Kansas City , MO-KS
4.15
2.28
40 Columbus , OH
4.14
2.61
41 Louisville / Jefferson County , KY-IN
4.11
2.16
42 Philadelphia-Camden-Wilmington , PA-NJ-DE-MD
4.04
2.95
43 Detroit-Warren-Dearborn , MI
3.80
2.11
44 Cincinnati , OH-KY-IN
3.78
2.55
45 Hartford-West Hartford-East Hartford , CT
3.78
3.82
46 Buffalo-Cheektowaga-Niagara Falls , NY
3.54
2.69
47 Oklahoma City , OK
3.50
1.88
48 St . Louis , MO-IL
3.47
2.59
49 Cleveland-Elyria , OH
3.42
2.58
50 Pittsburgh , PA
3.06
1.97
United States
5.56
3.11
In 2022 the Seattle-Tacoma-Bellevue metro area ranked 7th highest among the 50 most highly populated metropolitan areas for the ratio of median house price to median income .