These are the 10 most expensive cities to live in
When you think of unaffordable housing, the cities that spring to mind aren’t necessarily the most expensive ones in reality. In the 13th Annual Demographia International Housing Affordability Survey: 2017, some surprising culprits pop up from the 406 metropolitan housing markets studied in the third quarter of 2016.
The rankings are calculated using the mean multiple method; house price divided by the median household income. Here are the top 10 most “severely unaffordable” housing markets.