[OC] Ratio of Median Home Listing Price (Feb 2023) to Median Family Income (2022 Estimate) For 392 US Metropolitan Statistical AreasRBoylson1028 t1_jc18u7e wrote
Reply to comment by thatdude333 in [OC] Ratio of Median Home Listing Price (Feb 2023) to Median Family Income (2022 Estimate) For 392 US Metropolitan Statistical Areas by thatdude333
This is awesome!
It would be really interesting to see the median costs standardized based on property size - as I'm noticing a few instances where a location's median cost is inflated by the fact that the typical home is much larger than in other areas.
For instance, going off median home cost alone, you might assume that the relative cost of living in New York City ($680k) is about 2.26x that of Lubbock, TX ($300k). But when you factor in property size, a home in NYC sells for $640/ft²... which is 4.71x that of Lubbock at only $136/ft². And that's not even factoring in acreage lol. But that data might be hard to find at this level.
Viewing a single comment thread. View all comments