Study: D.C. the least affordable city in America - Mid-South News, Weather, Traffic and Sports | FOX13

Study: D.C. the least affordable city in America

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WASHINGTON -

According to Zip Realty, Washington, D.C. is the least affordable city in America!

The study showed the city's median home prices are nearly 17 times the median income.

Another study by the Washington Business Journal shows the average rent for a two bedroom apartment is about $1,400 a month.

In order to afford that, without paying more than 30 percent of income on housing, a person must make $56,000 a year.

Also topping the list of expensive cities were Brooklyn, San Francisco, San Diego, Los Angeles and Miami.

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