What Things Cost: Housing Part One

I’m going to break this post up into four or five smaller bits, since I ended up collecting data on all 50 states, plus Washington, D.C.  This has been a particularly interesting data collection mission; it’s fascinating to see how the price of a home can fluctuate between areas.

For part one, we’re taking the first part of the alphabet, from Alabama to Hawaii, plus DC. I covered both Los Angeles and San Francisco in California; I’ll probably cover two cities in Texas and New York, as well. I didn’t always pick the capital or most heavily-populated cities, but I tried to pick places that were fairly well known. All of my data came from the following sources:

CityData.com

US Census Bureau

The Council for Community and Economic Research

 

Birmingham, Alabama

Population: 230,130

Median Family Income: $30,481

Average Home Cost: $87, 300

Average Monthly Rent: $746

Median Monthly Income: $2,540

Average rent is 29% of median monthly income.

 

Anchorage, Alaska

Population: 286,174

Median Family Income: $72,832

Average Home Cost: $267,300

Average Monthly Rent: $1,089

Median Monthly Income: $6,070

Average rent is 18% of median monthly income.

 

Phoenix, Arizona

Population: 1,601,587

Median Family Income: $47,085

Average Home Cost: $182,300

Average Monthly Rent: $836

Median Monthly Income: $3,924

Average rent is 21% of median monthly income.

 

Little Rock, Arkansas

Population: 191,930

Median Family Income: $38,992

Average Home Cost: $139,000

Average Monthly Rent: $699

Median Monthly Income: $3,249

Average rent is 22% of median monthly income.

 

Los Angeles, California

Population: 3,831,868

Median Family Income: $48,617

Average Home Cost: $465,700

Average Monthly Rent: $1,094

Median Monthly Income: $4,051

Average rent is 27% of median monthly income.

 

San Francisco, California

Population: 815,358

Median Family Income: $70,770

Average Home Cost: $751,600

Average Monthly Rent: $1.363

Median Monthly Income: $5,898

Average rent is 23% of median monthly income.

 

Denver, Colorado

Population: 610,345

Median Family Income: $46,410

Average Home Cost: $244,600

Average Monthly Rent: $828

Median Monthly Income: $3,868

Average rent is 21% of median monthly income.

 

Hartford,  Connecticut

Population: 124,060

Median Family Income: $28,300

Average Home Cost: $184,500

Average Monthly Rent: $817

Median Monthly Income: $2,358

Average rent is 37% of median monthly income.

 

Wilmington, Delaware

Population: 73,069

Median Family Income: $34,381

Average Home Cost: $176,100

Average Monthly Rent: $874

Median Monthly Income: $2,865

Average rent is 31% of median monthly income.

 

Washington, D.C.

Population: 599,657

Median Family Income: $59,290

Average Home Cost: $443,700

Average Monthly Rent: $1,059

Median Monthly Income: $4,941

Average rent is 21% of median monthly income.

 

Miami, Florida

Population: 433,136

Median Family Income: $28,999

Average Home Cost: $261,400

Average Monthly Rent: $900

Median Monthly Income: $2,417

Average rent is 37% of median monthly income.

 

Atlanta, Georgia

Population: 540,921

Median Family Income: $49,981

Average Home Cost: $257,200

Average Monthly Rent: $886

Median Monthly Income: $4,165

Average rent is 21% of median monthly income.

 

Honolulu, Hawaii

Population: 374,701

Median Family Income: $57,601

Average Home Cost: $593,000

Average Monthly Rent: $1,215

Median Monthly Income: $4,800

Average rent is 25% of median monthly income.

Published by

[E] Selena MacIntosh*

Selena MacIntosh is the owner and editor of Persephone Magazine. She also fixes it when it breaks. She is fueled by Diet Coke, coffee with a lot of cream in it, and cat hair.

3 thoughts on “What Things Cost: Housing Part One”

  1. This is really interesting. I always bitch and moan about NYC rent…but really, it looks to be not that far off from these other cities. I guess I don’t know what quality/location you’re getting for that money in Birmingham or somewhere….but it’s a good reality check!

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