4 Out Of 5 Of The Least Affordable Metro Areas Are In California


It’s no secret that California is an expensive place to live, and a new study proves just how expensive it is. California has long been synonymous with sky-high prices and limited affordability.

Recent data only reinforces this notion, revealing that four out of five of the least affordable metro areas in the United States are located within the Golden State. From the tech hub of San Jose to the cultural mecca of Los Angeles, the dream of homeownership is becoming increasingly out of reach for many Californians.

Here are the top 5 least affordable cities in the United States.

San Jose


At the heart of Silicon Valley lies San Jose, a city renowned for its technological innovation and economic prowess. However, alongside its booming tech industry comes an exorbitant cost of living, particularly in the realm of housing.

You’ll need an income of over $425,000 to afford an average home.

And with a median home price that surpasses the million-dollar mark, San Jose consistently ranks as one of the least affordable metro areas in the nation. The demand for housing in this tech-centric region far exceeds the available supply, driving prices to unprecedented heights and leaving many residents struggling to afford adequate accommodation.

San Francisco

Deposit Photos

Neighboring San Francisco, another epicenter of technological advancement, faces similar affordability challenges. The city’s iconic skyline and vibrant culture attract individuals from around the globe, yet its astronomical housing prices pose a formidable barrier to entry for all but the most affluent.

The median home price in San Francisco routinely exceeds that of its Silicon Valley counterpart, further exacerbating the housing crisis gripping the region. As tech giants continue to expand their operations and attract top talent to the area, the gap between housing supply and demand continues to widen, perpetuating the cycle of unaffordability.

Los Angeles


Moving southward to Los Angeles, the entertainment capital of the world grapples with its own affordability dilemma. Home to Hollywood glamour and cultural diversity, Los Angeles offers a lifestyle that many aspire to attain. However, the reality of soaring housing costs presents a stark contrast to this idealized image.

From trendy neighborhoods like Beverly Hills to bustling urban hubs like Downtown LA, the price of homeownership remains prohibitively high for a significant portion of the population. As demand for housing in LA outpaces construction efforts, prospective buyers are forced to contend with fierce competition and inflated prices, further underscoring the city’s status as one of the least affordable metro areas in the country.

San Diego

San Diego skyline at night

Along the picturesque coastline of Southern California lies San Diego, a city renowned for its pristine beaches and laid-back lifestyle. Yet, behind the sun-soaked fa├žade lies a housing market plagued by affordability challenges.

The allure of coastal living comes at a premium, with median home prices reaching levels that place homeownership out of reach for many residents. As demand for seaside properties remains robust, the scarcity of available land for development compounds the issue, driving prices even higher. For those hoping to call San Diego home, the prospect of achieving homeownership often requires significant financial sacrifice and compromise.



Venturing beyond the mainland, Honolulu, Hawaii’s capital city, grapples with its own unique set of affordability pressures. Renowned for its breathtaking natural beauty and vibrant cultural scene, Honolulu embodies the essence of island paradise.

However, the dream of homeownership in this idyllic locale comes with a hefty price tag. Limited land availability and a thriving tourism industry contribute to the city’s sky-high housing costs, leaving many residents struggling to afford housing within their own community. As a result, Honolulu consistently ranks among the least affordable metro areas in the United States, underscoring the far-reaching scope of the nation’s housing affordability crisis.

A CreditNews Study

Deposit Photos

CreditNews performed the study, which can be read here.