These Cities Are Considered “Impossibly Unaffordable” 😒

What We’re Showing

This graphic highlights 10 housing markets where affordability is a major challenge, as of Q3 2023. This is measured by the median price-to-income ratio, which compares median house price to median household income in each city.

All figures come from the 2024 edition of the Demographia International Housing Affordability Report, which analyzes 94 markets across 8 countries: Australia, Canada, China, Ireland, New Zealand, Singapore, United Kingdom and the U.S.

What's "Unaffordable"?

According to the report, cities with a median price-to-income ratio of over 9.0 are considered “impossibly unaffordable”. In simple terms, this ratio means that the median price of a house is 9 times greater the median household income.