DATA IN ACTION: The Home Affordability Struggle
TOP 10 U.S. COUNTIES THAT REQUIRE LESS THAN 30 PCT OF WAGES TO BUY A HOME IN Q2 2019
The power of premium.
PCT OF WAGES TO BUY
18.0%
16.1% 16.4% 16.6% 16.9%
16.0%
14.9% 14.9% 15.2%
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13.6%
14.0%
12.9% 13.2%
12.0%
10.0%
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8.0%
6.0%
4.0%
2.0%
0.0%
Bibb County, GA
Wayne County, MI
Baltimore City, MD
Rock Island County, IL
Allen County, OH
Clayton County, GA
Saginaw County, MI
Peoria County, IL
Montgomery County, AL
Richmond County, GA
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On opposite end of the spectrum, 33 per- cent (157 of 480) of the U.S. counties analyzed in the report required less than 30 percent of their annualized weekly wages to buy a home in Q2 2019. The coun- ties that required the smallest percent were Bibb County (Macon), Georgia (12.9 percent of annualized weekly wages needed to buy a home); Wayne County (Detroit), Michigan (13.2 percent); Baltimore City, Maryland (13.6 percent); Rock Island County (Davenport), Illi- nois (14.9 percent); and
Allen County (Lima), Ohio (14.9 percent). Above are the top ten counties that required less than 30 percent of their annualized weekly wages to
the average wage earner and the American dream of owning a home, may be just that…a dream.
buy a home. Unfortunately, owning a home is still very much out of reach for
30 think realty housing news report
september 2019 31
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