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Seattle Ranks High on Overpriced List

Seattle Ranks High on Overpriced List

Greater Seattle has come in at No. 16 in Forbes' annual ranking of the country's most overpriced cities. Median income here is a bit more than $86k/year, but if you want to buy a residence, the median price is $360k. That means that housing is affordable for only 51.2% of households (Honolulu is No. 1; housing is affordable there to 35% of households). This isn't a great list to be on, but it does tend to indicate that a lot of capital and high-end jobs have come to the Seattle area lately. [Forbes]

Related Topics: Residential, Forbes, cost of living