[OC] Ratio of Median Home Listing Price (Feb 2023) to Median Family Income (2022 Estimate) For 392 US Metropolitan Statistical Areas
Submitted by thatdude333 t3_11pfq0w in dataisbeautiful
This is a follow up from my previous post 2 days ago, this time showing the ratio between Median Home Listing Price and Median Family Income, as opposed to Per Capita Income. Also listed the top & bottom 20 MSAs for Median Family Income and Median Home Listing Prices.
What are Metropolitan Statistical Areas? - https://en.wikipedia.org/wiki/Metropolitan_statistical_area
Citations:
Generated in good ol' Excel
CSV Data here -> https://pastebin.com/kP3QFbd8
Data with MSA Names alphabetically for easier searching. Split due to post character limit.
MSA Name - Median Family Income ($k) - Median Home Listing Price ($k) - Ratio
This is awesome!
It would be really interesting to see the median costs standardized based on property size - as I'm noticing a few instances where a location's median cost is inflated by the fact that the typical home is much larger than in other areas.
For instance, going off median home cost alone, you might assume that the relative cost of living in New York City ($680k) is about 2.26x that of Lubbock, TX ($300k). But when you factor in property size, a home in NYC sells for $640/ft²... which is 4.71x that of Lubbock at only $136/ft². And that's not even factoring in acreage lol. But that data might be hard to find at this level.
It would be interesting to see this visualized on a map
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