Where does the gender wage gap most affect equality in home affordability?

Candace Ramirez

Estately

You can find report after report discussing the gender wage gap in the United States, with the most commonly reported figure being that women earn around 76 cents on the dollar compared to men. But what does this mean when it comes to buying a house? To find out, Estately used 2016 U.S. Census data to compare men’s and women’s median salaries in the 50 most populated U.S. cities. Based on these salaries, we assumed a monthly mortgage payment of 28% of the gross monthly income, then used a mortgage calculator to determine the maximum home price each salary could afford. 

Next, we found the number of homes (including houses, townhouses, and condos) currently for sale in each city, and determined how many of them men versus women could afford at their median salaries. From there, we broke down what percentage of homes currently for sale men versus women can afford, and perhaps the most telling factor: how many more homes men can afford than women in each city.

Some highlights:

  1. Seattle has the biggest wage-based housing gap. Men can afford nearly 150% more homes than women. The smallest gap is in Detroit.
  2. San Jose is the toughest city for median earners to purchase a home regardless of gender. Of the 244 homes for sale currently, the men’s median wage can afford 5 of them, and the women’s median wage can afford 3. 
  3. Chicago has the biggest inventory for median earners of both genders. Men can afford 5,230 homes and women can afford 4,882.

How does your city stack up? Check out the chart below for the full report.

Curious about the salary data we used? Below, you can see men’s and women’s median salaries from 2016. Source: recently released U.S. Census data

Men’s 2016 Median Salary Women’s 2016 Median Salary Difference
Seattle $70,349 $55,225 $15,124
Atlanta $59,495 $44,865 $14,630
San Francisco $78,128 $65,403 $12,725
San Jose $65,878 $53,641 $12,237
Colorado Springs $50,392 $38,797 $11,595
Wichita $46,123 $35,035 $11,088
Virginia Beach $50,678 $40,147 $10,531
Charlotte $49,523 $40,561 $8,962
El Paso $39,219 $30,480 $8,739
Washington, DC $71,795 $63,088 $8,707
Louisville $45,250 $36,849 $8,401
San Diego $54,250 $46,051 $8,199
Oklahoma City $43,416 $35,482 $7,934
New Orleans $44,681 $36,754 $7,927
Kansas City $46,265 $38,408 $7,857
Omaha $45,684 $37,888 $7,796
Tulsa $41,037 $33,472 $7,565
Fort Worth $45,441 $37,982 $7,459
Raleigh $49,329 $41,877 $7,452
Boston $58,631 $51,737 $6,894
Austin $48,700 $42,418 $6,282
Albuquerque $44,444 $38,252 $6,192
Mesa $42,574 $36,521 $6,053
Baltimore $47,963 $41,953 $6,010
Las Vegas $42,595 $36,825 $5,770
Indianapolis $42,325 $36,561 $5,764
Jacksonville $42,156 $36,443 $5,713
San Antonio $39,831 $34,143 $5,688
Memphis $38,212 $32,674 $5,538
Portland, OR $51,336 $46,106 $5,230
Chicago $50,077 $45,129 $4,948
Tucson $37,098 $32,208 $4,890
Houston $40,926 $36,167 $4,759
Columbus $43,619 $39,034 $4,585
Milwaukee $40,129 $35,701 $4,428
Miami $31,671 $27,246 $4,425
Arlington, TX $42,232 $37,916 $4,316
Denver $50,105 $45,886 $4,219
Phoenix $41,316 $37,143 $4,173
Philadelphia $43,917 $40,296 $3,621
New York $51,003 $47,416 $3,587
Sacramento $46,628 $43,286 $3,342
Long Beach $46,356 $43,045 $3,311
Minneapolis $49,015 $45,823 $3,192
Fresno $39,518 $36,410 $3,108
Nashville $41,434 $38,563 $2,871
Detroit $33,618 $30,984 $2,634
Dallas $37,832 $36,499 $1,333
Los Angeles $40,364 $39,414 $950
Oakland $51,846 $51,029 $817

 

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