Less than one in five Lake Tahoe residents can afford the median house price.

Housing is definitely a problem in many areas around the country and the world. Lake Tahoe has a big issue with housing affordability with only 18% of residents able to afford the median-priced home in Lake Tahoe.

This data states that in the USA people have to spend 24% of their income on mortgage and 38% of their income on rent. In Lake Tahoe, the numbers are far worse. Keep an eye out for the Measuring for Prosperity Report coming out in 2018 for more details.

The mortgage and rent index of countries around the world. Mortgage index refers to the percentage one must spend of their income to afford their mortgages. Rent index refers to the percentage of average rent as compared to the rent in New York City. All data is based on highly populated metropolitan areas in each country.

From Visually.


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