Honolulu Ties New York As Most Overpriced US City

Honolulu Ties New York As Most Overpriced US City

With a housing market that prices out many middle class families, lots of imported goods, and a distinct lack of competition, Honolulu tied New York City as the most overpriced city in America, reports Erin Carlyle at Forbes.

Carlyle used median housing prices, a cost of living index, and median incomes to figure out which cities were the most expensive relative to what people earn, not just the most expensive overall, but with a few surprises it was still the usual suspects like New York and San Francisco where the high salaries don’t make up for the fact that everyone wants to live in the same place. A few cities had to be left out because of a lack of data, but Gary, Indiana probably wouldn’t have made the top ten.

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