Single men can afford a house in these cities, but women cannot afford it

Single men can afford a house in these cities, but women cannot afford it ...

Being single is extremely expensive. Single people pay more in taxes, receive less Social Security, and have only one income to cover expenses, like a mortgage or to save for a down payment on a property.

According to Pew Research, four out of 10 adults aged 25 to 54 are single in the United States, a sharp increase from 29% in 1990. Men are now more likely than women to be unpartnered, which wasnt the case 30 years ago.

With housing prices rising, it is harder than ever for a single person to buy a home, and women are making 83 percent of what men make in the home.

According to a property investment platform, the disparity between wage growth and increased housing costs has forced a number of previously affordable cities into unaffordable territory for singles. Single women of median national income cannot afford to purchase in 34 cities today, up from ten more than five years ago.

A studyhome for PropertySharks in 51 cities in the country found that single men are more affordable than single women.

PropertyShark calculated median home price and asking price data for the 51 largest US cities and median income from the Census Bureau (nationally its about $61,417 for men and $50,982 for women). The term "starter homes" is derived from the general rule that mortgage payments should not exceed 30% of monthly income. Everything above this threshold was considered unaffordable.

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In 29 cities, here is a snapshot of the affordability gap between men and women:

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In these towns, the median wage for a single man is enough to cover a median-priced home, but for women, it''s not.

Women pay a monthly basis for their income by 40%.

Monthly payment as % of income, men: 29 %

Women, the monthly payment is 8% of income, according to the statistics.

Monthly payment as % of income, men: 30%

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Women''s monthly income versus 5% of income: 39 %

Monthly payment as % of income, men: 27 %

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Women''s monthly payment as % of income: 36 %

Men''s monthly payment as % of income: 30%

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Monthly payments as % of income, women: 35 %

Monthly payment as % of income, men: 26%

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Monthly payment as % of income, women, 5%

Monthly payments as % of income, men: 29 %

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Women''s monthly payment is 4% of income, according to reports.

Monthly payment as % of income, men: 26 %

Monthly payment as % of income, women: 33%

Monthly payment as % of income, men: 26 %

Women and income pay monthly: 33%

Monthly payments as % of income, men: 25%

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Women and wages: 33% of monthly income are paid.

Monthly payments as % of income, men: 26 %

Women: 32 % of income for a month

Monthly payment as % of income, men: 24%

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Monthly payment as % of income, women: 31 percent

Men and women pay a monthly payment as a percentage of their income.

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The following cities are considered affordable for women, but the distinction is still persisting, and is quite significant in the majority.

Women: 29 percent of monthly income and salary:

Monthly payment as % of income, men: 19%

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Women: 28 % of monthly income paid for their monthly payments

Monthly payment as % of income, men: 22 %

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Women''s monthly income, 8% of income, is paid.

Monthly payment as % of income, men: 22%

Women, 8% of income, pay monthly.

Monthly payment as % of income, men: 21%

Women, a percentage of income, pay a monthly basis: 28 percent

Monthly payment as % of income, men: 20%

Women''s monthly payment: 27 percent

Monthly payment as % of income, men: 20%

Women''s monthly payment as % of income: 27%

Monthly payment as % of income, men: 19%

Women and income pay a monthly payment: 24 %

Monthly payment as % of income, men: 18%

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As a percentage of income, women pay monthly, according to a 24 percent increase.

Monthly payment as % of income, men: 20%

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Women and income pay for a monthly payment: 23%

Monthly payment as % of income, men: 15%

Women: 22% of monthly payments:

Monthly payment as % of income, men: 16%

Monthly payment as % of income, women: 22%

Monthly payment as % of income, men: 17%

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Monthly payment as % of income, women: 22%

Monthly payment as % of income, men: 17 %

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Women''s monthly income income: 18%

Monthly payment as % of income, men: 13%

Women pay a monthly rate of 4% of income.

Monthly payment as % of income, men: 10%

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14% of household income comes from monthly payment as % of income, women.

Monthly payments as % of income, men: 10%

Women pay monthly as a percentage of income and a third of income: 11 %

Monthly payment as % of income, men: 10%

A man would have to pay 88% of his income on a monthly mortgage, while a woman would pay 117%, causing the cost to be extreme. Moreover, there is also an imbalance in 21 states that are considered unaffordable for single people and women who earn the median national income. In the worst, New York City, Los Angeles, Boston, San Francisco, and San Jose. However, a man would have to pay 88 percent of his income on a monthly mortgage, but that would result in a

While New York is less expensive, the gap is significant in San Jose, Calif., where the percentage of income spent on a monthly mortgage for women is 29 percent higher (54 percent for men, 83 percent for women).

In two cities, Milwaukee and Austin, the monthly payment for single men is 1% higher than the usual acceptable 30% of income, making a purchase still possible, but single women would be squeezed for 41% of their income on a monthly mortgage.

Due to incomplete data, the study excludes St. Louis, Tampa, Fla., and Wichita, Kan.

PropertyShark offers a comprehensive analysis.

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