More often than not, the typical American home costs between one and two times as much as the typical family income. In other words, where incomes are higher, home prices tend to be higher, and vice versa. But what if you live in San Francisco or Detroit? Well, then that's just not the case, and this chart from NPR can prove it. Not only does it show you the most extreme examples, like Honolulu, where a home costs almost 5.5 times the average household income, and Decatur, IL, where a home costs less than one time the average household income, but it can give you the ratio for any metro area in the country that's of interest to you.
So, go ahead and find out: Are the houses cheap where you want to live?
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