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Here are the most and least affordable major cities in the world
Pittsburgh is well-known for its steel industry and for bringing ketchup to the French fry-loving masses. As it turns out, it is also one the most affordable places in the world, according to a new study.
In a report on international housing affordability by Chapman University and Frontier Centre for Public Policy, a Canadian think tank, Pittsburgh earned the title of most affordable among 94 major metropolitan areas in eight countries. Researchers based their ranking on median home price and median household income data from 2022.
Using a metric in the housing sector known as the price-to-income ratio, researchers divided the median home price of a community by the median household income of its residents to determine an affordability score for each city in the study. Cities with scores above 9 are considered “impossibly unaffordable” for residents. Pittsburgh earned a 3.1 score while Rochester and St. Louis both received a 3.4.
In cities like Charlotte, North Carolina; Boise, Idaho and Phoenix, home prices spiked dramatically after the pandemic and took months to cool down. But that same trend did not happen in Pittsburgh, Michael Reed real estate agent for Coldwell Banker Realty told CBS MoneyWatch, adding that home prices in the city have remained steady in recent years.
Steady home prices, combined with solid incomes in the health care and technology sector, have kept Pittsburgh affordable, Reed said, though prices could eventually rise as aging residents outbid with younger buyers on smaller houses.
“A lot of our older population is downsizing and that group tends to be cash heavy and they fare better on the market than our younger, newer buyers,” Reed said. “So that could begin pushing our prices up.”
The median home sale price in Pittsburgh was $235,000 as of May, down nearly 8% from a year ago, according to online real estate brokerage Redfin.
Throughout most of the country, the housing market has been tough sledding for both buyers and sellers this year as home prices reach record highs and mortgage rates hover around 7%. The median U.S. home price hit an all-time high last week of $394,000, up 4.4% from a year ago, according to Redfin.
Home prices rising faster than income worldwide
To be sure, rising home prices are not a uniquely American issue, said Wendell Cox, the study’s author.
“For decades, home prices generally rose at about the same rate as income, and homeownership became more widespread,” Cox said in the study. “But affordability is disappearing in high-income nations as housing costs now far outpace income growth. The crisis stems principally from land use policies that artificially restrict housing supply, driving up land prices and making homeownership unattainable for many.”
Despite those issues, the U.S. is home to nine of the 10 most affordable cities in the Chapman study. Conversely, five U.S. cities ranked among the study’s top 10 least affordable cities. Hong Kong is the world’s least affordable city, with a score of 16.7. Sydney, Australia, is a distant second with 13.3, followed by Vancouver with 12.3.
Here are the most affordable major cities in the world, according to the Chapman study:
1. Pittsburgh (U.S.)
2. Rochester, New York (U.S.)
3. St. Louis (U.S.)
4. Cleveland (U.S.)
5. Edmonton, Alberta (Canada)
6. Buffalo, New York (U.S.)
7. Detroit (U.S.)
8. Oklahoma City (U.S.)
9. Cincinnati (U.S.)
10. Louisville, Kentucky (U.S.)
Here are the least affordable major cities in the world, according to the Chapman study:
1. Hong Kong (China)
2. Sydney, New South Wales (Australia)
3. Vancouver, British Columbia (Canada)
4. San Jose, California (U.S.)
5. Los Angeles (U.S.)
6. Honolulu (U.S.)
7. Melbourne, Victoria (Australia)
8. San Francisco (U.S.)
9. Adelaide, South Australia (Australia)
10. San Diego (U.S.)
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How to watch the Minnesota Vikings vs. Chicago Bears NFL game today: Livestream options, more
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The Minnesota Vikings will take on the Chicago Bears today. The Vikings are currently 8-2, an impressive run so far this season, and will be looking to add a fourth win to their current streak after last Sunday’s 23-13 win against the Tennessee Titans. The Bears, on the other hand, are entering this game on the heels of a four-game losing streak after a tough 20-19 loss against the Green Bay Packers last Sunday.
Here’s how and when you can watch the Vikings vs. Bears game today, whether or not you have cable.
How and when to watch the Minnesota Vikings vs. Chicago Bears
The Vikings vs. Bears game will be played on Sunday, November 24, 2024 at 1:00 p.m. ET (11:00 a.m. PT). The game will air on Fox and stream on Fubo and the platforms featured below.
How and when to watch the Minnesota Vikings vs. Chicago Bears game without cable
You can watch this week’s NFL game on Fox via several streaming services. All you need is an internet connection and one of the top options outlined below.
Fubo offers you an easy, user-friendly way to watch NFL games on CBS, Fox, NBC, ABC, ESPN, and NFL Network, plus NCAA football channels. The Pro tier includes 200+ channels and unlimited DVR, while the Elite with Sports Plus tier adds NFL RedZone and 4K resolution. New subscribers get a seven-day free trial and all plans allow streaming on up to 10 screens simultaneously.
You can watch today’s game with a subscription to Sling’s Orange + Blue tier, which includes ESPN, ABC, NBC, and Fox. The plan offers 46 channels with local NFL games, nationally broadcast games and 50 hours of DVR storage. For complete NFL coverage, add Paramount+ to get CBS games, or upgrade with the Sports Extra add-on for additional sports channels like Golf Channel, NBA TV and NFL RedZone.
Watching NFL games, including Fox broadcasts, is simple with Hulu + Live TV, which includes 90 channels, unlimited DVR storage, and access to NFL preseason games, live regular season games and studio shows. The service includes ESPN+ and Disney+ in the subscription.
Want to watch today’s game live on your smartphone? If so, NFL+ streaming service is the solution you’re looking for. It lets you watch NFL Network and out-of-market games on mobile devices, with an upgrade option to NFL+ Premium that includes NFL RedZone for watching up to eight games simultaneously. Note that NFL+ only works on phones and tablets, not TVs.
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How to watch the Detroit Lions vs. Indianapolis Colts NFL game today: Livestream options, more
Nic Antaya/Getty Images
The Detroit Lions will face off against the Indianapolis Colts today. The Lions enter this game as top contenders with a near-perfect record of 9-1 so far this season. The Colts, who are 5-6 this season, could have a tough game on their hands against the Lions but will be looking to rack up another win after prevailing over the New York Jets in a tight game last Sunday.
Here’s how and when you can watch the Colts vs. Lions game today, whether or not you have cable.
Here’s how and when to watch the Detroit Lions vs. Indianapolis Colts
The Lions vs. Colts game will be played on Sunday, November 24, 2024 at 1:00 p.m. ET (11:00 a.m. PT). The game will air on Fox and stream on Fubo and the platforms featured below.
How and when to watch the Detroit Lions vs. Indianapolis Colts game without cable
You can watch this week’s NFL game on Fox via several streaming services. All you need is an internet connection and one of the top options outlined below.
Experience NFL action like never before with Fubo’s comprehensive sports streaming platform. From Sunday showdowns to primetime matchups, catch every NFL game across major networks including CBS, Fox, NBC, ABC, ESPN and NFL Network. Choose the Pro package to unlock 200+ channels and limitless DVR storage, or elevate your game-day experience with the Elite with Sports Plus package, featuring NFL RedZone’s commercial-free scoring highlights and stunning 4K quality.
Test drive the service with a no-commitment seven-day free trial, and share the excitement with family and friends — Fubo supports simultaneous streaming on up to 10 devices, so everyone can watch their favorite teams.
You can watch today’s game with a subscription to Sling’s Orange + Blue tier, which includes ESPN, ABC, NBC, and Fox. The plan offers 46 channels with local NFL games, nationally broadcast games, and 50 hours of DVR storage. For complete NFL coverage, add Paramount+ to get CBS games, or upgrade with the Sports Extra add-on for additional sports channels like Golf Channel, NBA TV and NFL RedZone.
Watching NFL games, including Fox broadcasts, is simple with Hulu + Live TV, which includes 90 channels, unlimited DVR storage, and access to NFL preseason games, live regular season games and studio shows. The service includes ESPN+ and Disney+ in the subscription.
Want to watch today’s game live on your smartphone? If so, NFL+ streaming service is the solution you’re looking for. It lets you watch NFL Network and out-of-market games on mobile devices, with an upgrade option to NFL+ Premium that includes NFL RedZone for watching up to eight games simultaneously. Note that NFL+ only works on phones and tablets, not TVs.