Hawaii Has The Highest Home Price-to-Income Ratio 🏠

What We're Showing

The home price-to-income ratio of each U.S. state. Data is for 2024 and comes from a Construction Coverage analysis of Zillow and U.S. Census Bureau data. The home price-to-income ratio was calculated by dividing median home price by the median annual household income.

Hawaii and West Cost Have the Most Unaffordable Homes

In Hawaii, the home price-to-income ratio is 9.1 while in California, it's 8.4–both well over the national average of 4.7.

Despite both states ranking in the top 5 when it comes to median income (adjusted for cost of living), Hawaii and California also consistently rank first and second respectively when it comes to median home prices.

The top four large cities with the highest home price-to-income ratios are all in California.