This week the National Low Income Housing Coalition released its Out of Reach 2009 Report. The report compares wages and rents in every U.S. county. California, on average, has the second highest housing costs in the country, after Hawaii. The housing wage (how much an individual would have to earn an hour working full time in order to not have to spend more than 30% of their income on housing) is $24.83 in California. Furthermore, five out of ten of the most expensive metro areas in the U.S. are in California. They are San Francisco, Santa Cruz/Watsonville, Orange County, Oxnard-Thousand Oaks-Ventura, and San Diego-Carlsbad-San Marcos.
To view the full report, visit the National Low Income Housing Coalition website.