Median listing price: $749,000
Percentage of households that can’t afford a home: 72.9 percent
With a median home list price of $749,000, Los Angeles is one of the most expensive places for homebuyers. Because the median household income of $54,432 doesn’t go far enough in this high-priced market, nearly 73 percent of households can’t afford a home in LA.
In fact, LA residents would have to work more hours to afford a home than residents of any city other than New York, another survey found.
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