California's median home value at $753,800 is 131% higher than the national average, making housing unaffordable for most workers.
California's top wages only cover 61% of a typical home's median value, indicating a severely unaffordable housing market. Workers making more than 75% of all jobs in California struggle to buy homes, with median home values at $753,800, 131% higher than the national average. Despite having the third-highest annual pay at $93,250, California's housing market remains challenging for many residents.
June 12, 2024
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