Here's how much income is needed to buy an average home in San Diego
Share and Follow


SAN DIEGO (FOX 5/KUSI) — National reports indicated that buying a home in 2024 became more affordable than in the year prior, but San Diego remained one of the most expensive places for prospective homebuyers.

According to a recent report by Redfin, the five least affordable major metros in the U.S. were all in California — San Diego being among them.

In San Diego, someone making the median income would have had to spend more than 67% of their earnings on monthly housing costs if they purchased a median-priced home at $905,463. The change in the share of median income needed to buy a median-priced home went up 0.6 percentage points from 2023.

The household income needed to afford a median monthly housing payment of $6,064 in San Diego was $108,115, according to data on Redfin.

Los Angeles topped the list of least affordable metros, where someone would have had to spend at least 77% of their earnings on monthly housing costs on a median-priced home of $896,060. It was followed by San Francisco (76.2%), Anaheim (75.9%), San Jose (73.9%) and San Diego.

Nationally, someone earning the median household income of $83,782 in 2024 would have had to spend 41.8% of their earnings on monthly housing costs for a $429,734 median-priced home.

That’s just a slight decrease from the prior year, when a homebuyer would have needed to spend 42.2% of their earnings on monthly housing payments.

The good news? In 2024, 25 of the top 50 metros reported improvements on housing affordability in the U.S.

Share and Follow
You May Also Like

Surge in Female Recruits: Military Experiences Significant ‘Trump Effect’

The Pentagon has seen a surge in female military recruits this fiscal…

“Lisa Kudrow’s Hilarious MAGA Spokesperson Impression Takes the Internet by Storm”

Lisa Kudrow had fans in stitches after her appearance in 2020 political…

US Grand Jury Charges Notorious Haitian Gang Leader and Associate

SAN JUAN, Puerto Rico (AP) — A federal grand jury has indicted…

11-Year-Old San Jose Boy Found Safe After Being Missing for Over a Week, Reports Mother

SAN FRANCISCO (KRON) — An 11-year-old San Jose boy, Noah Alhayek, was…

DEA Chief Reports Nationwide Interest from Federal Agents Eager to Assist in DC

The head of the Drug Enforcement Administration (DEA), Terry Cole, who is…

California Venue That Hosted Taylor Swift Forced to Shut Down

An eminent music venue in California, famous for hosting top country music…

Chicago Public Schools: Ex-Little Village Lawndale High Dean Sentenced to 22 Years for Sexual Abuse

CHICAGO (WLS) — A former Chicago Public Schools dean has been sentenced…

Reba McEntire Honors Former Stepson Brandon Blackstock in Heartfelt Tribute

Reba McEntire broke her silence over her former stepson Brandon Blackstock’s death.…