Overview

• Hong Kong remains the least affordable city, requiring 16.7 years of median income to buy a home.
• California cities dominate the U.S. list, with San Jose, Los Angeles, San Francisco, and San Diego in the top ten.
• Stringent zoning and urban containment policies contribute to high housing costs.
• Remote work during the pandemic increased demand for suburban housing, driving prices up.
• Pittsburgh is noted as the most affordable U.S. city, with a median price-to-income ratio of 3.1.