When we think of the “American Dream,” one of the components that we dream about is owning a home. But the value of real estate has been climbing – and in some cases, faster than the median household income of most Americans. This places real estate ownership out of the hands of more and more people, and makes buying a home more difficult.
This infographic catalogs the listing price of real estate per square foot in cities across America. It reviews every state and looks at one to three cities in each one. Along with the list price of real estate, it compares those prices to the national average – so you can see that in some cities, it's two, three, four, or even twelve times as expensive as the national average to own property. To give you an idea of how affordable real estate is for the people who live in that area, the graphic also compares median household incomes in each city with the national average.
You can draw certain conclusions about Miami, Florida for example, where real estate costs over three times the national average but the median household income is just over half the national average.
Infographic by: www.homeadvisor.com
This infographic catalogs the listing price of real estate per square foot in cities across America. It reviews every state and looks at one to three cities in each one. Along with the list price of real estate, it compares those prices to the national average – so you can see that in some cities, it's two, three, four, or even twelve times as expensive as the national average to own property. To give you an idea of how affordable real estate is for the people who live in that area, the graphic also compares median household incomes in each city with the national average.
Infographic by: www.homeadvisor.com
