Special Report

20 Cities Where the Middle Class Can No Longer Afford Housing


To determine the cities where the middle class can no longer afford a home, 24/7 Wall St. reviewed data on housing cost burdens from the Joint Center for Housing Studies of Harvard University. The center ranked the 100 largest U.S. metropolitan areas based on the percentage of homeowners and renters earning between $45,000 and $74,999 a year — the income bracket representing the middle class — that spend at least 30% of their income on housing costs. Data on housing cost burdens came from “The State of the Nation’s Housing 2021” report of the JCHS. 24/7 Wall St. added data on median home value, median household income, and homeownership rate — all from the U.S. Census Bureau’s 2019 American Community Survey and are one-year data.

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