Detroit Tops List of Most Affordable U.S. Cities for Middle-Class
According to a new report from Redfin, a typical family in the San Francisco area would need to nearly triple their annual income to comfortably purchase a median-priced home. In stark contrast, the typical family in Detroit earns more than twice as much as they'd need to afford a median-priced home. In San Francisco, ranked least affordable, the median household income of $92,714 falls far short of the $265,000 per year needed to afford a median-priced home, which clocks in at $1.42 million.