Surprise! We're Number One! We're Number One!
Oh, wait a minute...#1 isn't always good
New York-White Plains, N.Y.-Wayne, N.J.
Homes affordable to median-income families: 21.2%Affordable homes in Q2 2004: 15.2%
Median home price: $419,000
Median family income: $64,800
Unemployment rate: 9.6%
Manhattan is world famous for its culture and nightlife, but living in or near the city requires most people to stretch their finances. The suburbs include ultra-wealthy Greenwich, Conn.; Alpine, N.J.; and Scarsdale, N.Y. Long commutes are common in the tri-state area because land gets more affordable away from New York.
2. San Francisco-San Mateo-Redwood City, Calif.
Homes affordable to median-income families: 26.9%Affordable homes in Q2 2004: 13.3%
Median home price: $580,000
Median family income: $96,800
Unemployment rate: 9.3%
3. San Luis Obispo-Paso Robles, Calif.
Homes affordable to median-income families: 31.8%Affordable homes in Q2 2004: 10.2%
Median home price: $364,000
Median family income: $70,800
Unemployment rate: 9.5%
4. Ocean City, N.J.
Homes affordable to median-income families: 32.6%Affordable homes in Q2 2004: N/A
Median home price: $350,000
Median family income: $67,200
Unemployment rate: 8.0%
5. Honolulu
Homes affordable to median-income families: 41.8%Affordable homes in Q2 2004: 45.6%
Median home price: $395,000
Median family income: $79,300
Unemployment rate: 6.1%
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