I always knew my hometown, Vancouver, as well as places like NY and SF were expensive places to live… but San Jose??
Doesn’t look the least bit glamorous, does it?
SJ’s affordability ratio sits at 6.9, while NY is at 6.2. (The affordability ratio is the median annual household income divided by the median house price.)
As someone who’s looking to buy in the Bay Area, this comes as a bit of a shock to me. I’ve been looking at San Jose as an affordable place to live — at least compared to places like Mountain View (home of Google), Cupertino (home of Apple), and Palo Alto (home of Facebook and countless other tech companies). No doubt that’s true; I suppose I’ve just been desensitized to the cost of housing around here.
