Residents of which cities have a better chance of getting a place to live? And in which cities are such chances significantly lower? The world ranking of cities on the affordability of housing at the beginning of 2023 was published by Numbeo.

How many cities were analyzed? 332 cities of the world.

By what parameters were the cities evaluated? The average cost per «square meter» (apartments of 90 square meters were taken into account), the earnings of local residents, the actual cost of a mortgage per month, rents, and monthly income from the rental of real estate.

Cities with the least affordable housing:

City

Price to income ratio

1. Shanghai (China)

46,6

2. Beijing (China)

45,8

3. Hon Kong

44,9

4. Colombo (Sri Lanka)

43,7

5. Beirut (Lebanon)

41,3

6. Shenzhen (China)

40,1

7. Manila (Philippines) 

37,6

8. Guangzhou (China)

37,3

9. Mumbai (India)

36,6

10. Ho Chi Minh City (Vietnam)

34,5

Cities with the most affordable housing:

City

Price to income ratio

1. Pretoria (South Africa)

1,9

2. Johannesburg (South Africa)

2,4

3. Phoenix (Arizona, USA)

2,4

4. Houston, Texas (USA)

2,4

5. Dallas, Texas (USA)

2,6

6. Orlando (Florida, USA)

2,9

7. Jacksonville (Florida, USA)

2,9

8. Ed-Dammam (Saudi Arabia)

3,0

9. Edmonton (Canada)

3,1

10. Atlanta (Georgia, USA)

3,3