Housing prices are escalating in many places. This graph shows how difficult it is to afford a house or apartment in selected cities around the world. Researchers compared the cities by dividing the median home price by the median annual household income. How do you think the pandemic has affected these costs?
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Micro apartments in Hong Kong can cost thousands of dollars each month. ©Media Drum World via ZUMA Press
Where It’s Hard to Afford a Home
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Affordability Ratings
The higher the number, the more costly it is to buy a home
Hong Kong: 23.2
Sydney: 15.3
Vancouver: 13.3
San Jose: 12.6
Melbourne: 12.1
Honolulu: 12.0
San Francisco: 11.8
Auckland: 11.2
Los Angeles: 10.7
Toronto: 10.5
SOURCE: 2022 International Housing Affordability Survey by Demographia
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