The only non-California U.S. city in the top five nationwide was Honolulu, Hawaii.
Los Angeles isn't the most "impossibly unaffordable" city in the world, according to a new report, but it is one of four California cities that ranked among the top 10. The annual Demographia International Housing Affordability report led by Chapman University rated middle-income housing affordability in 94 major cities across eight countries. To get the results, analysts first looked at housing prices in relation to income, then divided that by the median house price.
7, ranking as the only location in Asia in the top 10. Hong Kong was also found to have the lowest home ownership rate at 51%. SUGGESTED: Here's how California's median income compares to the rest of the countryFour California cities made the top 10: San Jose, Los Angeles, San Francisco, and San Diego. The only non-California city in the top five nationwide was Honolulu, Hawaii.
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