BOSTON — A new report has ranked Boston “severely unaffordable.”
Of the 50 biggest cities in the world, Boston clocked in at the seventh most expensive, according to a report from the real estate site Point2Homes.com
Researchers said they divided Boston’s median home sale price, which is $610,000, by its median annual family income, $61,000, to arrive at the Hub’s “severely unaffordable” rating.
Cox Media Group
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