Study: West Coast Housing Costs Outpace Other Regions

Jul 08, 2019

Seven of the top 10 places where people are spending the most on housing are located on the West Coast, with six of those localities within California, according to a new study from SmartAsset.

In its data analysis focus on homeowners’ median monthly housing costs–including mortgage payments and property taxes–SmartAsset determined that San Jose had the highest average monthly housing costs for homeowners with a total of $2,257, followed by San Francisco with homeowners paying an average of $1,991 in monthly housing costs. San Diego placed third on the list with an average of $1,756 per month on housing costs, followed by Seattle with an average monthly housing costs are $1,705.

Two East Coast markets placed next on the SmartAsset list: Boston with an average monthly housing cost of $1,654 and Washington, D.C., with a $1,641 total. The rest of the list included Oakland ($1,558), Los Angeles ($1,548), New York City ($1,435) and Long Beach ($1,431).

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Phil Hall

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Jul 08, 2019

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