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National Housing Conference
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Media Releases
FOR IMMEDIATE RELEASE
August 9, 2005
Contact: Michele Anapol
(202) 466-2121 x226
manapol@nhc.org

Fact Sheet:

2005 Paycheck to Paycheck Study
Center for Housing Policy


Homeownership


Most Affordable

Cities 2005 Annual Household Income Needed 2005 Median Priced Home

1) Lima, OH
$
23,785
$
75,000
2) Buffalo, NY   26,956   85,000
3) Waterloo, IA   27,273   86,000
4) Youngstown, OH   27,273   86,000
5) Saginaw, MI   27,907   88,000


Least Affordable

1) San Francisco, CA
$
223,576
$
705,000
2) Orange County, CA   208,354   657,000
3) Santa Cruz, CA   198,206   625,000
4) San Jose, CA   185,521   585,000
5) Salinas, CA   172,836   545,000



Rental Findings


Most Affordable

Cities 2005 2 BR Apartment Fair Market Rent in 2005 Hourly Wage Needed

1) Brownsville, TX
$
479/mo
$
9.21
2) Mansfield, OH   507   9.75
3) Lima, OH   511   9.83
4) Springfield, MO   520   10.00
5) Youngstown, OH   523   10.06


Least Affordable

1) San Francisco, CA
$
1,539/mo
$
29.60
2) Santa Cruz, CA   1,347   25.90
3) Oakland, CA   1,342   25.81
4) Orange County, CA   1,317   25.33
5) San Jose, CA   1,313   25.25



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