New York

New York’s median sale price: $745,000
New York’s median sale price to household income: 6.8

It isn’t a secret that homes in New York are some of the most pricey in the world. With a total area of 54,556sq miles, this expensive state is the 27th largest state in our country.

But its population of more than 20 million people in 2020 makes it the 4th most populous metropolis in the US. Two-thirds of the state’s population resides in the New York metropolitan area. This city is also the premier gateway for immigration into the US.

None of this surprises us, though. It’s home to the United Nations Headquarters and has been described as the world’s cultural, financial, and media capital, not to mention the world’s most economically influential city.

The most stable industry for which New York City is best known, the financial world of Wall Street, dates back to the era of the American Revolution. And The New York Stock Exchange, with a market capitalization of more than $20 trillion, is the world’s largest stock exchange.