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How many cities have avg home costs over $1 million (US map)

  • snitzoid
  • Sep 10, 2024
  • 1 min read

I find the idea of living amongst commoners abhorrent. They have the breeding of a feral cat!




As of July 31, 2024


California has more million-dollar cities than the next four states combined, with Atherton standing as the most expensive city, where a typical home costs $7.5 million.


Today, a typical home in California costs more than twice as much as a typical U.S. home, with residents paying almost $6,000 on monthly payments for a newly-purchased mid-tier home. These costs include mortgage payments, homeowners insurance, and taxes. Since February 2023, the state has added 20 cities where a typical home costs $1 million or more.


Following next in line is New York, with 76 million-dollar cities. A separate report shows that the price of single family homes jumped by 10.9% annually since the first quarter of 2023, giving the state some of the fastest-rising house prices in America.


Ranking in third is New Jersey, which saw one of the greatest increases in million-dollar cities overall since February 2023.


As we can see, there are 15 states without any million-dollar cities, mainly in the Midwest and South. These states are known for having greater housing affordability, and a lower cost of living, but fewer job prospects amid weak labor market activity.

 
 
 

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