United States

House Price to Income Ratio - United States Compared to Continent

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Canada	8.77x
USA	34.61x

 

 

United States: House price to income ratio

The house price to income ratio is the ratio of the cost of a typical upscale housing unit of 100 square metres, compared to the countrys GDP per capita. Normally this ratio will be much higher in low income countries than in high income countries.

The formula is: (Price per square metre / GDP per capita)*100. The house price to income ratios published by the Global Property Guide are based on the Global Property Guides own proprietary in-house research, but we use the IMFs GDP per capita figures.

 

USA has excellent house price statistics. The Office of Federal Housing Oversight (OFHEO) produces quarterly house price indices for all 51 states. Quarterly median prices, affordability index, house sales and construction activities are from the National Association of Realtors (NAR). Rent statistics are from the US Census Bureau.

Excellent economics statistics are from the Bureau of Economic Analysis and Bureau of Labor Statistics.