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1   FortWayne   2011 Jun 2, 12:59am  

Median Family Income in California - $56927
Median House price in our area is somewhere around 500,000. It's 10 times the income, just down from 20x the income.

2   Dan8267   2011 Jun 2, 2:10am  

http://www.census.gov/hhes/www/income/data/statemedian/index.html
has several good spreadsheets on median incomes by states. I remember reading that the median income in the U.S. was a little over $46k/yr and has held steady there in nominal, not real, terms for over a decade. I can't remember the source though.

In any case, historically houses have been priced at 3x to 4x median incomes. 10x income is way too high.

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