50\/30\/20<\/a>” rule \u2014 50% for needs (including housing), 30% for wants, and 20% for savings and debt repayment \u2014 some experts suggest not spending more than 28% to 30% on housing. Nine of the top 10 cities on this list exceed 20% and all the top 10 exceed 28%.\u00a0<\/p>\nSo, which cities have the largest “house poor” population according to data? See the top 10 below.\u00a0<\/p>\n
\n1. Hialeah, Florida <\/p>\n
The typical homeowner spends 36.9% of their income on housing costs in Hialeah, Florida. The city sits just outside Miami city limits.\u00a0<\/p>\n
The data report shows households make an average monthly income of just under $6,000, while rent is roughly $2,200 a month. Housing costs in Hialeah are more than 7% higher than the national average, and average monthly household income is roughly 34% below the national average.\u00a0<\/p>\n
From 2020 to 2024, average housing costs increased 45% while incomes increased 35%, according to the data.\u00a0<\/p>\n
\n2. New York, New York <\/p>\n
Homeowners in New York, New York, spend roughly 33% of their income on housing costs.\u00a0<\/p>\n
While the average household income for New York City residents is nearly 19% higher than the national average, housing costs are 48% higher. The average cost of a home mortgage is $3,335 a month, while the average monthly income is $10,120.\u00a0<\/p>\n
In just one year, between April 2024 and 2025, housing costs in the city rose 9%, according to the report.<\/p>\n
\n3. New Orleans, Louisiana <\/p>\n
Homeowners in New Orleans, Louisiana, spend roughly 32.6% of their monthly income on housing costs.\u00a0<\/p>\n
The city is the only one in the top 10 to have a home value average lower than the national average, but it has housing costs worth 13.6% more than the national average.\u00a0<\/p>\n
Housing costs an average of $2,332 a month while households average a $7,154 per month. From 2023 to 2024, housing costs rose 2.1% while income increased more than 7%.\u00a0<\/p>\n
\n4. Los Angeles, California <\/p>\n
Homeowners in Los Angeles, California, spend 32.5% of their income on housing.\u00a0<\/p>\n
The median monthly mortgage costs $3,523 a month, while households average $10,855 in income a month. It’s the ninth most expensive mortgage average on the list.\u00a0<\/p>\n
Property taxes increase the cost of housing and, in 2024, were 93% higher than the national median, the report says.\u00a0<\/p>\n
\n5. Miami, Florida <\/p>\n
Hialeah’s neighbor, Miami, Florida, made the top 10 because homeowners spend an average of 32.3% of their income on mortgages.\u00a0<\/p>\n
Miamians earn 6.5% more than the national median household income, but spend an average of $2,900 on housing, which is 35% higher than the national average.<\/p>\n
The report says Miami households need to earn “$176,438 a year to afford the typical monthly home payments.”<\/p>\n
\n6. Pembroke Pines, Florida <\/p>\n
Pembroke Pines is a suburb in Florida and has roughly 24,607 households with a mortgage. It’s the lowest populated city on the top ten list, but they spend 32% on monthly housing costs.\u00a0<\/p>\n
The average Pembroke Pines household makes $8,598 but spends $2,751 on their mortgage.\u00a0<\/p>\n
Between 2023 and 2024, housing costs rose 11% while household incomes decreased 2%.\u00a0<\/p>\n
\n7. St. Petersburg, Florida <\/p>\n
Another Florida city to rank in the top 10 is St. Petersburg, with homeowners spending 30.6% on monthly housing-related costs.\u00a0<\/p>\n
The city has a typical household income 10% below the national average, but housing costs are 13.2% higher, according to the report.\u00a0<\/p>\n
The average household makes $7,598 and spends $2,322 on housing per month.\u00a0<\/p>\n
\n8. Honolulu, Hawaii <\/p>\n
Off the mainland of the United States, Honolulu, Hawaii, takes eighth place with 30.5% of monthly income going to housing.<\/p>\n
The average household makes $9,995 a month and spends $3,045 on housing.\u00a0<\/p>\n
Home values on the island are 136% higher than the national median. Honolulu has the lowest property tax rate in the country with 0.28%.\u00a0<\/p>\n
\n9. Yonkers, New York <\/p>\n
Yonkers, New York, just north of the Bronx and alongside the Hudson River, has a monthly income 22% higher than the national average, but homeowners spend 30.2% of their income on housing.\u00a0<\/p>\n
The monthly household income averages out to $10,494, while housing costs average to $3,170 a month. Housing costs in Yonkers are 44% higher than the rest of the U.S., according to the report.\u00a0<\/p>\n
The city has some of the highest property tax rates in the country, alongside three California cities.\u00a0<\/p>\n
\n10. Chula Vista, California <\/p>\n
Chula Vista, California is part of the San Diego metro area near the Mexico-U.S. border. Homeowners in the city spend 29.5% of their monthly income on housing, according to the report.<\/p>\n
Households average a monthly income of $10,630, but spend an average of $3,132 on monthly housing costs.\u00a0<\/p>\n
The housing cost burden in Southern California, and more specifically the San Diego metro area, extends well beyond homeowners. The average household would need to spend 67% of its monthly income to meet a mortgage payment on existing homes, according to the report.\u00a0<\/p>\n
\nHow to avoid being “house poor” <\/p>\n
Account for additional fees beyond a mortgage, like property taxes, HOA fees, maintenance costs, etc.\u00a0Shop around for mortgage ratesTry and abide by the\u00a0“50\/30\/20<\/a>” rule when you canDon’t take out loans beyond your means, if possible <\/p>\n","protected":false},"excerpt":{"rendered":"In the last five years, the median household income rose 24% while monthly housing costs increased by 26%…\n","protected":false},"author":2,"featured_media":7273,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[225,227,226],"class_list":{"0":"post-7314","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hialeah","8":"tag-hialeah","9":"tag-hialeah-headlines","10":"tag-hialeah-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/7314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=7314"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/7314\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/7273"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=7314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=7314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=7314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}