15 Cities Where Even the Upper-Middle Class Can't Afford a Typical Home
A middle-class income ranges all the way from two-thirds to twice the median income, which means that homes are affordable for some middle-class Americans but not others. A recent Zoocasa report analyzed housing affordability in 100 major cities and found that lower-middle-class earners cannot afford a median-priced home in any of the cities, while upper-middle-class buyers can afford a median-priced home in 85 cities. That means that in 15 major cities, even upper-middle-class Americans can't afford to buy a median-priced home.
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Here's a look at the cities where upper-middle-class Americans may be priced out of the housing market.
Median home price: $2,020,000
Highest middle-class income: $272,458
Max affordable home price: $1,223,956
Difference between max affordability and median home price: -$796,044
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Median home price: $1,450,000
Highest middle-class income: $169,744
Max affordable home price: $762,536
Difference between max affordability and median home price: -$687,464
Median home price: $1,450,000
Highest middle-class income: $171,828
Max affordable home price: $771,898
Difference between max affordability and median home price: -$678,102
Median home price: $1,320,000
Highest middle-class income: $193,656
Max affordable home price: $869,956
Difference between max affordability and median home price: -$450,044
Median home price: $1,165,100
Highest middle-class income: $169,814
Max affordable home price: $762,851
Difference between max affordability and median home price: -$402,249
Median home price: $1,450,000
Highest middle-class income: $255,978
Max affordable home price: $1,149,923
Difference between max affordability and median home price: -$300,077
Median home price: $1,178,000
Highest middle-class income: $212,116
Max affordable home price: $952,883
Difference between max affordability and median home price: -$225,117
Median home price: $1,320,000
Highest middle-class income: $253,460
Max affordable home price: $1,138,612
Difference between max affordability and median home price: -$181,388
Median home price: $660,000
Highest middle-class income: $107,636
Max affordable home price: $483,530
Difference between max affordability and median home price: -$176,470
Median home price: $862,600
Highest middle-class income: $159,402
Max affordable home price: $716,077
Difference between max affordability and median home price: -$146,523
Median home price: $826,600
Highest middle-class income: $163,212
Max affordable home price: $733,193
Difference between max affordability and median home price: -$93,407
Median home price: $1,036,500
Highest middle-class income: $211,560
Max affordable home price: $950,385
Difference between max affordability and median home price: -$86,115
Median home price: $725,300
Highest middle-class income: $153,154
Max affordable home price: $688,010
Difference between max affordability and median home price: -$37,290
Median home price: $643,900
Highest middle-class income: $137,270
Max affordable home price: $616,654
Difference between max affordability and median home price: -$27,246
Median home price: $974,907
Highest middle-class income: $213,246
Max affordable home price: $957,959
Difference between max affordability and median home price: -$16,948
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