Twenty U.S. cities with the highest home-price-to-income ratios are all in California, with figures showing significant disparities compared to the national average. California's housing market is substantially more unaffordable than the rest of the country, with various cities demonstrating exorbitant cost ratios, including Newport Beach at 25.4 times, Palo Alto at 19 times, and Los Angeles at 12.5 times income.
California's statewide housing crisis extends beyond individual cities, with the majority of the costliest cities in the U.S. being located in the Golden State. For instance, 93% of the 30 most expensive cities, 83% of the top 40, and 51% of the top 150 are in California, highlighting the widespread unaffordability across the state.
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