For most of us, housing is easily our biggest monthly expense. Nationally, the average share of income spent on monthly housing costs is around 36% of gross monthly income.
Fortunately, there are a number of metro areas where the percentage of monthly income spent on housing is significantly less than 36%. The monthly income % is inc,luded.
- Detroit, MI – 17%
- Cleveland, OH – 19.1%
- St. Louis, MO – 19.9%
- Philadelphia, PA – 20.7%
- Oklahoma City, OK – 23.2%
- Omaha, NE – 24.2%
- Columbia, SC – 24.8%
- Indianapolis, IN – 24.8%
- Cincinnati, OH – 24.9%
- Houston, TX – 26.3%