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San Diegans live well but pay for it
Locals (who can afford a home) shell out 59.7 percent of income on mortgages
San Diego is the eighth most livable city in America, according to WalletHub, the statistical aggregating firm. This is based on such factors as recreation, diversity, job market, quality of schools, tax rates, and health.
San Diego trails (in this order) San Francisco, Seattle, Raleigh, Colorado Springs, Denver, San Jose, and Austin. The worst cities? Memphis (61st) and Detroit (62nd).
But San Diegans pay for this quality of life. According to Zillow.com, San Diegans in the bottom tier economically shell out 59.7 percent of their monthly incomes on mortgage payments. That's compared with 22.7 percent nationally. Among the 34 largest metro areas, that's topped by only Los Angeles (76.1 percent), San Francisco (68.4 percent), and San Jose (71.2 percent).
San Diegans in the top economic tier spend 23.1 percent of their monthly incomes on mortgages. That's topped only by Los Angeles (27.5 percent), San Francisco (29.7 percent), and San Jose (33.3 percent).
Here's something you might be interested in.
San Diegans live well but pay for it
Locals (who can afford a home) shell out 59.7 percent of income on mortgages
San Diegans live well but pay for it
Locals (who can afford a home) shell out 59.7 percent of income on mortgages
San Diego is the eighth most livable city in America, according to WalletHub, the statistical aggregating firm. This is based on such factors as recreation, diversity, job market, quality of schools, tax rates, and health.
San Diego trails (in this order) San Francisco, Seattle, Raleigh, Colorado Springs, Denver, San Jose, and Austin. The worst cities? Memphis (61st) and Detroit (62nd).
But San Diegans pay for this quality of life. According to Zillow.com, San Diegans in the bottom tier economically shell out 59.7 percent of their monthly incomes on mortgage payments. That's compared with 22.7 percent nationally. Among the 34 largest metro areas, that's topped by only Los Angeles (76.1 percent), San Francisco (68.4 percent), and San Jose (71.2 percent).
San Diegans in the top economic tier spend 23.1 percent of their monthly incomes on mortgages. That's topped only by Los Angeles (27.5 percent), San Francisco (29.7 percent), and San Jose (33.3 percent).
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