Housing

California vs New York: Home Value to Income Ratio

New York has a lower home value to income ratio than California.

California flag
California
CA · West
8.25x
Median home value divided by median household income.
New York flag
New York
NY · Northeast
Winner
4.67x
Median home value divided by median household income.

Visual comparison

California8.25x
New York4.67x

Difference: 3.58x — New York leads.

National Rankings

Where They Rank Nationally

See where both states fall among all 50 states for home value to income ratio.

California #49 · 8.25x
New York #38 · 4.67x
Best Worst

10 Best States — Home Value to Income Ratio

Lower is better
#1 West Virginia flag West Virginia
2.38x
#2 Iowa flag Iowa
2.46x
#3 Kansas flag Kansas
2.78x
#4 Mississippi flag Mississippi
2.87x
#5 Ohio flag Ohio
2.93x
#6 Nebraska flag Nebraska
2.94x
#7 Arkansas flag Arkansas
2.96x
#8 Kentucky flag Kentucky
2.97x
#9 North Dakota flag North Dakota
2.98x
#10 Indiana flag Indiana
3.00x
Selected states
#49 California flag California
8.25x
#38 New York flag New York
4.67x

California ranks 49th and New York ranks 38th nationally for home value to income ratio.

Related context

Home Affordability Ratios

A price-to-income ratio above 4× is stretched; above 6× is considered severely unaffordable.

MetricCaliforniaNew York
Median Home Value $693,700 $367,200 Median Household Income $84,097 $78,609 Property Tax Rate 0.70% 1.55% Rent-to-Income Ratio 26.5% 24.1%

What this means

California vs New York: Home Value to Income Ratio in context

New York's home value to income ratio is 4.67x, compared with 8.25x in California. Median home value divided by median household income.

California
8.25x
New York
4.67x
Difference
3.58x

People also ask

California vs New York Home Value to Income Ratio — common questions

QWhat is California's home value to income ratio?

California's home value to income ratio is 8.25x.

QWhat is New York's home value to income ratio?

New York's home value to income ratio is 4.67x.

QWhich state has a lower home value to income ratio — California or New York?

New York has a lower home value to income ratio than California.

More comparisons: California vs New York

Grouped tabs keep the deep-dive links tighter and easier to scan.

Full comparison
Median Housing Value Median Gross Rent Median Monthly Owner Costs With Mortgage Owner Costs Without Mortgage Homeownership Rate Rent to Income Ratio Owner Costs to Income Home Insurance Cost

Explore each state

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Data source and freshness

Primary source
U.S. Census Bureau — 2023 American Community Survey
Data period
ACS 2023 estimates
Dataset reviewed
July 23, 2026
Method note
State values or ratios calculated from ACS fields.