The National Low Income Housing Coalition’s annual report lists the 10 metro areas in the US that require the highest wages to afford a two-bedroom home.
It’s no surprise that San Franciso, Orange County and Boston are on the list, but a shocker (to me at least) that sitting right up there at #10 is Easton/Raynham, MA.
The numbers:
Metro area – Hourly Wage
San Francisco $29.54
Stamford, CT $28.88
Oxnard, CA $28.12
Orange County, CA $26.77
Santa Cruz, CA $25.83
Oakland $25.75
Boston $25.46
Westchester County, NY $25.31
San Jose $25.04
Easton/Raynham, MA $24.67
By the way, 4 of the 6 New England states – Mass., CT, NH and RI – rank in the top 10 least affordable to rent a two-bedroom apartment.
In other financial news, why didn’t we buy Apple stock 6 weeks ago? Even though shares fell 5% today on a ratings cut from Bear Stearns and BofA Securities, the value of the stock has gone up OVER FIFTY PERCENT in the last month and a half.