The 12 most overpriced suburbs in the U.S.

By DIY Maven

Based upon the spreads between median income and median price, Forbes has compiled a list of the most overpriced suburbs in the U.S. The culprit they say was the housing boom, which pushed up prices faster than incomes rose. The figures specified are the years of total earned salary–based upon the median income of the locations–it would take you to afford a median-priced home in said locations.

12. Arlington Heights, IL, 5.2 years

11. Cicero, IL, 5.9 years

10. Skokie, IL, 6.1 years

9. Pompano Beach, FL, 6.6 years

8. Alexandria, VA, 6.7 years

7. West Palm Beach, FL, 7 years

6. Paterson, NJ, 11.1 years

5. Cambridge, MA, 11.4 years

4. Passaic, NJ, 13.3 years

3. Hawthorne, CA, 14.6 years

2. Berkeley, CA, 14.7 years

1. Santa Monica, CA, 17.1 years

To read the full article, visit Forbes.

Tagged:
expensive housing suburbs

Did you like this article?

February 07, 2008

0 comments

Viewed 175 times

DIY Maven's blog (1087 posts)

Featured Writer
Subscribe to this blog
Member since: 11/07/06
About: Self-proclaimed Maven of DIY, I'm up for anything from gonzo rehab to dressing a room. Although...