Affordability Index By City January 2022

Our affordability analysis in the current property market evaluates the financial feasibility of purchasing a property, taking into account factors such as property prices, mortgage rates, and income levels. This analysis aims to help you assess your ability to enter the real estate market.

As of January 2021, Memphis ranked first on the affordability index, indicating a relatively higher affordability level in the property market. Detroit secured the second position, followed by Syracuse in third place. Buenos Aires, Damascus, and Tehran showcased significantly lower scores on the index, suggesting challenges in terms of affordability in those areas.

In January 2022, Memphis maintained its first position on the affordability index, emphasizing its continued affordability in the property market. Detroit ranked second, while Cleveland secured the third spot. Buenos Aires, Damascus, and Tehran remained at the lower end of the index, indicating limited affordability in those areas.

By January 2023, Houston claimed the first position on the affordability index, indicating increased affordability in the property market compared to other areas. Phoenix ranked second, followed by Dallas in third place. Buenos Aires, Caracas, and Colombo showcased significantly lower scores on the index, suggesting challenges in affordability in those locations.

Understanding the affordability analysis in the current property market provides valuable insights into the feasibility of purchasing a property. It helps you gauge the affordability of different areas, taking into account property prices, mortgage rates, and income levels. This information is crucial when considering a property investment or planning to enter the real estate market, allowing you to make informed decisions based on your financial situation.

Affordability Index By City January 2022 (Index, January 2022)

Rank	City	Country	Index
1	Memphis	United States	11.7
2	Detroit	United States	10.4
3	Cleveland	United States	10
4	Buffalo	United States	9.1
5	Albany	United States	8.7
6	Rochester	United States	8.5
7	Toledo	United States	8.2
8	Syracuse	United States	8.1
9	Tulsa	United States	7.9
10	Saint Louis	United States	7.6
11	Lubbock	United States	7.5
12	Houston	United States	7.4
13	Baltimore	United States	7.3
14	Mobile	United States	7.1
15	Dallas	United States	6.8
15	Indianapolis	United States	6.8
16	San Antonio	United States	6.7
17	Huntsville	United States	6.5
17	Wichita	United States	6.5
18	Cincinnati	United States	6.4
18	El Paso	United States	6.4
18	Kansas City	United States	6.4
19	Ann Arbor	United States	6.2
19	Pittsburgh	United States	6.2
19	Grand Rapids	United States	6.2
20	Columbia	United States	6
21	Milwaukee	United States	5.9
21	Omaha	United States	5.9
22	Charlotte	United States	5.8
22	Knoxville	United States	5.8
23	Hartford	United States	5.6
24	Chattanooga	United States	5.5
24	Lexington	United States	5.5
25	Albuquerque	United States	5.2
25	Birmingham	United Kingdom	5.2
25	Louisville	United States	5.2
26	Anchorage	United States	5.1
26	Greenville	United States	5.1
27	Colorado Springs	United States	4.9
27	Jacksonville	United States	4.9
27	Riyadh	Saudi Arabia	4.9
28	Little Rock	United States	4.8
28	Oklahoma City	United States	4.8
28	Raleigh	United States	4.8
29	Gainesville	United States	4.7
29	Plano	United States	4.7
30	Fort Worth	United States	4.6
30	Orlando	United States	4.6
30	Fresno	United States	4.6
31	Edmonton	Canada	4.5
31	Durham	United States	4.5
32	Winnipeg	Canada	4.4
32	Limerick	Ireland	4.4
33	Tempe	United States	4.3
33	Calgary	Canada	4.3
33	Ad Dammam	Saudi Arabia	4.3
34	Jeddah (Jiddah)	Saudi Arabia	4.2
34	Tallahassee	United States	4.2
34	Madison	United States	4.2
34	Las Vegas	United States	4.2
34	Olympia	United States	4.2
35	Iowa City	United States	4.1
35	Austin	United States	4.1
35	Chicago	United States	4.1
36	Saint Paul	United States	4
36	College Station	United States	4
36	Fort Myers	United States	4
37	Lincoln	United Kingdom	3.9
37	Minneapolis	United States	3.9
37	Nashville	United States	3.9
37	Phoenix	United States	3.9
37	Des Moines	United States	3.9
37	Fairfax	United States	3.9
38	Atlanta	United States	3.8
39	Tampa	United States	3.7
39	Boca Raton	United States	3.7
39	Bakersfield	United States	3.7
40	Philadelphia	United States	3.6
40	Dayton	United States	3.6
40	Columbus	United States	3.6
40	Richmond	United States	3.6
40	Pensacola	United States	3.6
40	Vancouver	Canada	3.6
40	Tucson	United States	3.6
40	Sharjah	United Arab Emirates	3.6
41	Denver	United States	3.5
41	Aurora	United States	3.5
42	Best	Netherlands	3.4
42	Adelaide	Australia	3.4
42	Savannah	United States	3.4
43	Alexandria	Egypt	3.3
43	Charleston	United States	3.3
43	Johannesburg	South Africa	3.3
43	London	United Kingdom	3.3
43	Seattle	United States	3.3
44	Bloomington	United States	3.2
44	Salem	United States	3.2
44	Reno	United States	3.2
44	Portland	United States	3.2
45	Turku	Finland	3.1
45	Irvine	United States	3.1
45	Everett	United States	3.1
45	Dubai	United Arab Emirates	3.1
45	Antwerp	Belgium	3.1
45	Abu Dhabi	United Arab Emirates	3.1
45	Portland	United States	3.1
46	Santa Clara	United States	3
46	Christchurch	New Zealand	3
46	Baton Rouge	United States	3
47	Canberra	Australia	2.8
47	Ottawa	Canada	2.8
47	Stockton	United States	2.8
47	Muscat	Oman	2.8
48	Cork	Ireland	2.7
48	Grenoble	France	2.7
48	New Orleans	United States	2.7
48	Perth	Australia	2.7
48	Spokane	United States	2.7
48	Washington	United States	2.7
49	Miami	United States	2.6
49	Nicosia	Cyprus	2.6
49	Nijmegen	Netherlands	2.6
49	Aachen	Germany	2.6
49	Aalborg	Denmark	2.6
49	Santa Rosa	United States	2.6
49	Rotterdam	Netherlands	2.6
49	Padova	Italy	2.6
49	Arhus	Denmark	2.6
50	Brescia	Italy	2.5
50	Palermo	Italy	2.5
50	Groningen	Netherlands	2.5
50	Eugene	United States	2.5
50	Eindhoven	Netherlands	2.5
50	Brussels	Belgium	2.5
50	Bern	Switzerland	2.5
50	Asheville	United States	2.5
51	Jersey City	United States	2.4
51	Gent	Belgium	2.4
51	Turin	Italy	2.4
51	Trieste	Italy	2.4
51	The Hague (Den Haag)	Netherlands	2.4
51	Salt Lake City	United States	2.4
52	Brisbane	Australia	2.3
52	Espoo	Finland	2.3
52	Fort Lauderdale	United States	2.3
52	Karlsruhe	Germany	2.3
52	Kelowna	Canada	2.3
52	Los Angeles	United States	2.3
52	Malmo	Sweden	2.3
52	Nuremberg	Germany	2.3
52	San Diego	United States	2.3
52	San Jose	United States	2.3
52	San Juan	United States	2.3
52	Tampere	Finland	2.3
52	Toulouse	France	2.3
53	Braga	Portugal	2.2
53	Bergen	Norway	2.2
53	Zurich	Switzerland	2.2
53	Valencia	Spain	2.2
53	Nantes	France	2.2
53	Maribor	Slovenia	2.2
53	Guelph	Canada	2.2
53	Delft	Netherlands	2.2
53	Cagliari	Italy	2.2
53	Brampton	Canada	2.2
54	Heidelberg	Germany	2.1
54	Doha	Qatar	2.1
54	Bari	Italy	2.1
54	Boise	United States	2.1
54	Catania	Italy	2.1
54	Galway	Ireland	2.1
54	Manchester	United Kingdom	2.1
54	Mesa	United States	2.1
54	Ostrava	Czech Republic	2.1
54	Parma	Italy	2.1
54	San Francisco	United States	2.1
54	Stavanger	Norway	2.1
55	Mannheim	Germany	2
55	Tartu	Estonia	2
55	Plovdiv	Bulgaria	2
55	Oakland	United States	2
55	Honolulu	United States	2
55	Limassol	Cyprus	2
55	Basel	Switzerland	2
55	Montreal	Canada	2
55	Genoa	Italy	2
56	Uppsala	Sweden	1.9
56	Verona	Italy	1.9
56	Victoria	Canada	1.9
56	Wellington	New Zealand	1.9
56	Graz	Austria	1.9
56	Hanover	Germany	1.9
56	Lyon	France	1.9
56	Riverside	United States	1.9
56	Geneva	Switzerland	1.9
56	Copenhagen	Denmark	1.9
56	Birmingham	United Kingdom	1.9
56	Bergamo	Italy	1.9
56	Arlington	United States	1.9
56	Sacramento	United States	1.9
56	Sunnyvale	United States	1.9
56	Tromso	Norway	1.9
57	Burnaby	Canada	1.8
57	Arad	Romania	1.8
57	Bangalore	India	1.8
57	Berlin	Germany	1.8
57	Boston	United States	1.8
57	Burgas	Bulgaria	1.8
57	Cambridge	United Kingdom	1.8
57	Dublin	Ireland	1.8
57	Dusseldorf	Germany	1.8
57	Edinburgh	United Kingdom	1.8
57	Fremont	United States	1.8
57	Gothenburg	Sweden	1.8
57	Kaunas	Lithuania	1.8
57	Linz	Austria	1.8
57	Manama	Bahrain	1.8
57	Melbourne	Australia	1.8
57	Osijek	Croatia	1.8
57	Riga	Latvia	1.8
57	Seville (Sevilla)	Spain	1.8
57	Surrey	Canada	1.8
57	Treviso	Italy	1.8
57	Trondheim	Norway	1.8
57	Utrecht	Netherlands	1.8
58	Katowice	Poland	1.7
58	Johor Bahru	Malaysia	1.7
58	Haifa	Israel	1.7
58	Glasgow	United Kingdom	1.7
58	Cape Town	South Africa	1.7
58	Amsterdam	Netherlands	1.7
58	Varna	Bulgaria	1.7
58	Trento	Italy	1.7
58	Thiruvananthapuram	India	1.7
58	Reykjavik	Iceland	1.7
58	Penang	Malaysia	1.7
58	Naples	Italy	1.7
59	Cologne	Germany	1.6
59	Tallinn	Estonia	1.6
59	Stuttgart	Germany	1.6
59	Sofia	Bulgaria	1.6
59	Mississauga	Canada	1.6
59	Long Beach	United States	1.6
59	Kitchener	Canada	1.6
59	Coimbra	Portugal	1.6
59	Cambridge	United Kingdom	1.6
59	Bristol	United Kingdom	1.6
59	Berkeley	United States	1.6
59	Hamburg	Germany	1.6
60	Patras	Greece	1.5
60	West Palm Beach	United States	1.5
60	Vadodara	India	1.5
60	Toronto	Canada	1.5
60	Szeged	Hungary	1.5
60	Barcelona	Spain	1.5
60	Bologna	Italy	1.5
60	Dehradun	India	1.5
60	Frankfurt	Germany	1.5
60	Haarlem	Netherlands	1.5
60	Kuala Lumpur	Malaysia	1.5
60	Madrid	Spain	1.5
60	Malaga	Spain	1.5
60	New York	United States	1.5
60	Noida	India	1.5
60	Oslo	Norway	1.5
60	Sydney	Australia	1.5
61	Petaling Jaya	Malaysia	1.4
61	Santa Cruz	Bolivia	1.4
61	Boulder	United States	1.4
61	Kosice	Slovakia	1.4
61	Helsinki	Finland	1.4
61	Gurgaon	India	1.4
61	Ghaziabad	India	1.4
62	Stockholm	Sweden	1.3
62	Surat	India	1.3
62	Tokyo	Japan	1.3
62	Vancouver	Canada	1.3
62	Vilnius	Lithuania	1.3
62	Bhopal	India	1.3
62	Brighton	United Kingdom	1.3
62	Faridabad	India	1.3
62	Kaohsiung	Taiwan	1.3
62	Lodz	Poland	1.3
62	Kochi	India	1.3
62	Luxembourg	Luxembourg	1.3
62	Nice	France	1.3
62	Oradea	Romania	1.3
62	Palma de Mallorca	Spain	1.3
62	Poznan	Poland	1.3
62	Saint Helier	United Kingdom	1.3
63	Mangalore	India	1.2
63	Amman	Jordan	1.2
63	Athens	Greece	1.2
63	Auckland	New Zealand	1.2
63	Bhubaneswar	India	1.2
63	Bolzano-Bozen	Italy	1.2
63	Bratislava	Slovakia	1.2
63	Bucharest	Romania	1.2
63	Craiova	Romania	1.2
63	Florence	Italy	1.2
63	Ljubljana	Slovenia	1.2
63	Porto	Portugal	1.2
63	Pristina	Kosovo	1.2
63	Rijeka	Croatia	1.2
63	Salzburg	Austria	1.2
63	Sarajevo	Bosnia and Herzegovina	1.2
63	Thessaloniki	Greece	1.2
63	Timisoara	Romania	1.2
63	Vienna	Austria	1.2
63	Wroclaw	Poland	1.2
64	Marrakech	Morocco	1.1
64	Munich	Germany	1.1
64	Ramat Gan	Israel	1.1
64	Ranchi	India	1.1
64	San Mateo	United States	1.1
64	Sibiu	Romania	1.1
64	Sliema	Malta	1.1
64	Zagreb	Croatia	1.1
64	Krakow (Cracow)	Poland	1.1
64	Gdynia	Poland	1.1
64	Hyderabad	India	1.1
64	Innsbruck	Austria	1.1
64	Debrecen	Hungary	1.1
64	Jaipur	India	1.1
64	Gdansk	Poland	1.1
64	London	United Kingdom	1.1
64	Lucknow (Lakhnau)	India	1.1
65	Kota Kinabalu	Malaysia	1
65	Milan	Italy	1
65	Nagpur	India	1
65	Panama City	Panama	1
65	Rabat	Morocco	1
65	Rome	Italy	1
65	San Jose	United States	1
65	Skopje	North Macedonia	1
65	Banja Luka	Bosnia and Herzegovina	1
65	Brasov	Romania	1
65	Brno	Czech Republic	1
65	Cluj-Napoca	Romania	1
65	Coimbatore	India	1
65	Constanta	Romania	1
65	Iasi	Romania	1
65	Kolkata	India	1
65	La Paz	Bolivia	1
66	Astana (Nur-Sultan)	Kazakhstan	0.9
66	Ahmedabad	India	0.9
66	Santa Barbara	United States	0.9
66	Singapore	Singapore	0.9
66	Taichung	Taiwan	0.9
66	Visakhapatnam	India	0.9
66	Warsaw	Poland	0.9
66	Yekaterinburg	Russia	0.9
66	Rostov-na-donu	Russia	0.9
66	Prague	Czech Republic	0.9
66	Paris	France	0.9
66	Novi Sad	Serbia	0.9
66	Mysore	India	0.9
66	Ludhiana	India	0.9
66	Lisbon	Portugal	0.9
66	Jerusalem	Israel	0.9
66	Indore	India	0.9
66	Guwahati	India	0.9
66	Goa	India	0.9
66	Chisinau	Moldova	0.9
66	Budapest	Hungary	0.9
66	Brasilia	Brazil	0.9
67	Pune	India	0.8
67	Tirana	Albania	0.8
67	Baghdad	Iraq	0.8
67	Casablanca	Morocco	0.8
67	Chandigarh	India	0.8
67	Chiang Mai	Thailand	0.8
67	Chittagong	Bangladesh	0.8
67	Ernakulam	India	0.8
67	Kuching	Malaysia	0.8
67	Monterrey	Mexico	0.8
67	Navi Mumbai	India	0.8
67	Patna	India	0.8
67	Podgorica	Montenegro	0.8
68	Guatemala City	Guatemala	0.7
68	Islamabad	Pakistan	0.7
68	Kuwait City	Kuwait	0.7
68	Macao	Macau	0.7
68	Managua	Nicaragua	0.7
68	Novosibirsk	Russia	0.7
68	Nizhny Novgorod	Russia	0.7
68	Ulaanbaatar	Mongolia	0.7
68	Thane	India	0.7
68	Tel Aviv-Yafo	Israel	0.7
68	Split	Croatia	0.7
68	San Salvador	El Salvador	0.7
68	Rajkot	India	0.7
68	Paramaribo	Suriname	0.7
68	Cairo	Egypt	0.7
68	Cascais	Portugal	0.7
68	Chengdu	China	0.7
68	Chennai	India	0.7
68	Curitiba	Brazil	0.7
69	Belgrade	Serbia	0.6
69	Agadir	Morocco	0.6
69	Almaty	Kazakhstan	0.6
69	Antalya	Turkey	0.6
69	Barranquilla	Colombia	0.6
69	Cali	Colombia	0.6
69	Cuenca	Ecuador	0.6
69	Delhi	India	0.6
69	Guayaquil	Ecuador	0.6
69	Kharkiv	Ukraine	0.6
69	Kiev (Kyiv)	Ukraine	0.6
69	Krasnodar	Russia	0.6
69	Medellin	Colombia	0.6
69	Mexico City	Mexico	0.6
69	Pattaya	Thailand	0.6
69	Qingdao	China	0.6
69	Quezon City	Philippines	0.6
69	Quito	Ecuador	0.6
69	Santiago	Chile	0.6
69	Sao Paulo	Brazil	0.6
69	Suzhou	China	0.6
69	Tbilisi	Georgia	0.6
69	Wuhan	China	0.6
70	Alexandria	Egypt	0.5
70	Ankara	Turkey	0.5
70	Asuncion	Paraguay	0.5
70	Bandung	Indonesia	0.5
70	Bangkok	Thailand	0.5
70	Beirut	Lebanon	0.5
70	Dhaka	Bangladesh	0.5
70	Dnipro	Ukraine	0.5
70	Hangzhou	China	0.5
70	Baku	Azerbaijan	0.5
70	Izmir	Turkey	0.5
70	Hanoi	Vietnam	0.5
70	Karachi	Pakistan	0.5
70	Kazan	Russia	0.5
70	Lahore	Pakistan	0.5
70	Lima	Peru	0.5
70	Lviv	Ukraine	0.5
70	Montevideo	Uruguay	0.5
70	Nanjing	China	0.5
70	Saint Petersburg	Russia	0.5
70	Santo Domingo	Dominican Republic	0.5
70	Seoul	South Korea	0.5
70	Taipei	Taiwan	0.5
70	Tunis	Tunisia	0.5
70	Vijayawada	India	0.5
70	Yangon	Myanmar	0.5
70	Yerevan	Armenia	0.5
71	Algiers	Algeria	0.4
71	Belo Horizonte	Brazil	0.4
71	Bishkek	Kyrgyzstan	0.4
71	Guangzhou	China	0.4
71	Jakarta	Indonesia	0.4
71	Kabul	Afghanistan	0.4
71	Lagos	Nigeria	0.4
71	Moscow	Russia	0.4
71	Odessa (Odesa)	Ukraine	0.4
72	Shenzhen	China	0.3
72	Rio de Janeiro	Brazil	0.3
72	Phnom Penh	Cambodia	0.3
72	Nairobi	Kenya	0.3
72	Mumbai	India	0.3
72	Minsk	Belarus	0.3
72	Manila	Philippines	0.3
72	Kathmandu	Nepal	0.3
72	Bogota	Colombia	0.3
72	Caracas	Venezuela	0.3
72	Ho Chi Minh City	Vietnam	0.3
72	Hong Kong	China	0.3
72	Istanbul	Turkey	0.3
72	Tashkent	Uzbekistan	0.3
72	Surabaya	Indonesia	0.3
72	Shanghai	China	0.3
73	Mashhad	Iran	0.2
73	Isfahan (Esfahan)	Iran	0.2
73	Addis Ababa	Ethiopia	0.2
73	Colombo	Sri Lanka	0.2
73	Beijing	China	0.2
74	Buenos Aires	Argentina	0.1
74	Tehran	Iran	0.1
74	Damascus	Syria	0.1
74	Accra	Ghana	0.1