2025 Competitiveness RedbookLive | Page 68

Metropolitan Median House Price to Median Income Ratio ( 1990 – 2023 )
Source : Joint Center for Housing Studies of Harvard University TABLE 58
Rank
2023
Ratio
1990
Ratio
1 San Jose-Sunnyvale-Santa Clara , CA
11.23
6.20
2 Los Angeles-Long Beach-Anaheim , CA
10.36
6.21
3 San Francisco-Oakland-Hayward , CA
9.16
6.25
4 San Diego-Carlsbad , CA
8.89
5.15
5 Miami-Fort Lauderdale-West Palm Beach , FL
7.89
3.07
6 New York-Newark-Jersey City , NY-NJ-PA
6.62
4.33
7 Seattle-Tacoma-Bellevue , WA
6.57
3.41
8 Riverside-San Bernardino-Ontario , CA
6.40
3.93
9 Denver-Aurora-Lakewood , CO
6.30
2.52
10 Boston-Cambridge-Newton , MA-NH
6.29
4.04
11 Portland-Vancouver-Hillsboro , OR-WA
6.18
2.44
12 Las Vegas-Henderson-Paradise , NV
5.99
2.94
13 Orlando-Kissimmee-Sanford , FL
5.73
2.70
14 Sacramento--Roseville--Arden-Arcade , CA
5.60
4.03
15 Tampa-St . Petersburg-Clearwater , FL
5.53
2.68
16 Salt Lake City , UT
5.48
2.21
17 Providence-Warwick , RI-MA
5.26
4.19
18 Phoenix-Mesa-Scottsdale , AZ
5.23
2.75
19 Charlotte-Concord-Gastonia , NC-SC
5.07
2.21
20 Milwaukee-Waukesha-West Allis , WI
4.94
2.56
21 Nashville-Davidson-Murfreesboro-Franklin , TN
4.88
2.70
22 Austin-Round Rock , TX
4.82
2.41
23 Raleigh , NC
4.70
2.76
24 Washington-Arlington-Alexandria , DC-VA-MD-WV
4.69
3.07
25 Jacksonville , FL
4.64
2.66
26 Richmond , VA
4.57
2.56
27 San Antonio-New Braunfels , TX
4.42
2.37
28 Dallas-Fort Worth-Arlington , TX
4.42
2.67
29 Houston-The Woodlands-Sugar Land , TX
4.33
2.16
30 New Orleans-Metairie , LA
4.26
2.67
31 Birmingham-Hoover , AL
4.21
2.97
32 Virginia Beach-Norfolk-Newport News , VA-NC
4.20
2.64
33 Memphis , TN-MS-AR
4.11
2.87
34 Baltimore-Columbia-Towson , MD
4.11
2.37
35 Kansas City , MO-KS
4.08
2.28
36 Atlanta-Sandy Springs-Roswell , GA
4.06
2.44
37 Chicago-Naperville-Elgin , IL-IN-WI
4.02
2.99
38 Minneapolis-St . Paul-Bloomington , MN-WI
3.96
2.39
39 Philadelphia-Camden-Wilmington , PA-NJ-DE-MD
3.93
2.95
40 Hartford-West Hartford-East Hartford , CT
3.92
3.82
41 Columbus , OH
3.91
2.61
42 Louisville / Jefferson County , KY-IN
3.81
2.16
43 Indianapolis-Carmel-Anderson , IN
3.81
2.30
44 Cincinnati , OH-KY-IN
3.64
2.55
45 Oklahoma City , OK
3.46
1.88
46 Detroit-Warren-Dearborn , MI
3.36
2.11
47 Buffalo-Cheektowaga-Niagara Falls , NY
3.24
2.69
48 St . Louis , MO-IL
3.23
2.59
49 Cleveland-Elyria , OH
3.08
2.58
50 Pittsburgh , PA
2.88
2.28
United States
3.12
4.89
In 2023 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 .