Homes in California’s Big Cities Cost 10 Times More Than Average Income

Some of the highest disparities between wages and housing prices are in Northern California, especially Silicon Valley.

A neighborhood of single-family homes in Los Angeles on July 30, 2021. Frederic J. Brown/AFP via Getty Images

Buying a home in California slid further out of reach for many residents in 2023, especially in larger metropolitan areas, according to a recent Harvard University housing study.

The report found some of the highest disparity between wages and housing prices in Northern California.