Report: San Francisco is the Least Affordable Place to Live in the US
A recent report from Trulia calls out San Francisco for being the least affordable place to live in the US. The company analyzed data based on the percentage of middle class income spent on housing, utilities and commuting for the 100 largest US metro areas.
San Francisco topped the list by a wide margin with 85.5% of income going towards essentials versus 74.5% in second place Los Angeles. California as a whole continues to be a tough market for the middle class with seven of the top 10 least affordable markets in the state.
The state of Ohio is a bargain in comparison with four of the top 10 most affordable places to live, led by Akron with 28.9% of income earmarked for necessities. [Trulia]