Los Angeles, Long Beach and San Diego are among the world’s least affordable cities for homebuyers, a recent report says. Relative to local pay scales, the cities are more expensive for homebuyers than New York, Paris and Singapore, Remitly’s analysis says. AdvertisementIn Los Angeles, a single buyer earning the local average salary could afford a home worth only 28% of the average property in the region, according to the survey. Detroit — where a person making the local average salary could afford more than two times the average property price — was named the world’s most affordable city to become a homeowner. “That combination of low supply and relatively high affluence for some parts of our country make the baseline of an entry-level home very expensive,” Lens said.

Source: Los Angeles Times February 11, 2026 00:34 UTC