Jeff Smith 4 p.m., Nov. 25
San Diego Tenth Most Expensive City
Kiplinger magazine is out today (Sept. 30) with lists of the most expensive and cheapest places to live in the U.S. San Diego comes in tenth on the most-expensive list.
The magazine says the average home price is $555,768, so the metro area is one of the least affordable in the nation. (This is average home price, not the median, which is more frequently used.) Apartment rents are $1648 a month, about double the national average. Median household income is $62,901.
By contrast, San Francisco is the third most expensive. The median household income is $74,876 and average home price is $808,481. Rents average $2035 a month, triple the national average.
More like this:
- Why more people leave than enter San Diego — April 9, 2014
- California homes remain nation's most expensive — Sept. 19, 2013
- Still unaffordable — Nov. 13, 2012
- Half SD Households Can Afford Homes, but We're Still Expensive — Dec. 21, 2010
- Rancho Santa Fe Is 12th of 34 Small U.S. Towns with Highest Home Values — Dec. 3, 2008