AFFORABILITY GAP
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Note: The gap ---- the difference between income required and median household income.
Los Angeles Orange County California Median Home Price $114,871 $131,287 $112,093 Monthly Income Required to Buy $3,657 $4,179 $3,567 Median Household Income Per Month $2,400 $2,916 $2,482 The Gap $1,257 $1,263 $1,085
Sources: Federal Home Loan Bank Board, California Assn. of Realtors and U.S. Department of Housing and Urban Development.
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