Today we’ll be looking at ten more cities, from Boise, Idaho to Boston, Massachusetts. Like last week, we’ll be looking at several factors for each city, including population, average home price, median income and average rent. Also like last week, it’s interesting to see the differences in income and expenditures depending on location.
Boise, Idaho
Population: 205,707
Median Income: $47,898
Median Monthly Income: $3,992
Average Home Price: $193,900
Average Rent: $767
Average Rent Divided by Median Monthly Income: 19%
Chicago, Illinois
Population: 2,851,268
Median Income: $45,734
Median Monthly Income: $3,811
Average Home Price: $261,600
Average Rent: $886
Average Rent Divided by Median Monthly Income: 23%
Indianapolis, Indiana
Population: 807,584
Median Income: $40,278
Median Monthly Income: $3,357
Average Home Price: $120,400
Average Rent: $715
Average Rent Divided by Median Monthly Income: 21%
Des Moines, Iowa
Population: 198,460
Median Income: $40,278
Median Monthly Income: $3,560
Average Home Price: $120,300
Average Rent: $681
Average Rent Divided by Median Monthly Income: 19%
Witchita, Kansas
Population: 372,186
Median Income: $44,405
Median Monthly Income: $3,700
Average Home Price: $115,800
Average Rent: $628
Average Rent Divided by Median Monthly Income: 17%
Louisville, Kentucky
Population: 262,764
Median Income: $32,483
Median Monthly Income: $2,707
Average Home Price: $120,331
Average Rent: Not Listed
Average Rent Divided by Median Monthly Income: N/A
New Orleans, Louisiana
Population: 354,850
Median Income: $36,468
Median Monthly Income: $3,039
Average Home Price: $192,600
Average Rent: $881
Average Rent Divided by Median Monthly Income: 29%
Portland, Maine
Population: 63,008
Median Income: $42,010
Median Monthly Income: $3,501
Average Home Price: $257,245
Average Rent: $830
Average Rent Divided by Median Monthly Income: 24%
Baltimore, Maryland
Population: 637,418
Median Income: $38,772
Median Monthly Income: $3,231
Average Home Price: $257,245
Average Rent: $887
Average Rent Divided by Median Monthly Income: 27%
Boston, Massachusetts
Population: 645,169
Median Income: $55,979
Median Monthly Income: $4,665
Average Home Price: $375,700
Average Rent: $1,196
Average Rent Divided by Median Monthly Income: 26%
Data Sources:
The Council for Community and Economic Research
See earlier: What Things Cost: Housing Part 1
4 replies on “What Things Cost: Housing Part 2”
Dayam! I need to move into the city- the rent in Chicago is cheaper than what we’re paying in the ‘burbs.
This is reminding me about the only thing I like about my hometown (St. Louis): It’s CHEAP.
I mean I’ve been to Boston, and I, personally, would not pay $1000/mo to live there… No offense to anyone who currently does.
Ah, I went to college in Baltimore. I wish I appreciated then how cheap it was. Cheap crabs, cheap beer…heaven.
Also, Wichita: Average rent $628. Average?! Meaning, there are rents lower than that pulling that number down?
Why do I live in my city, again?
I just moved to Baltimore after going to college in DC. I will appreciate how cheap it is for the both of us. It is wonderful.