California Is the the Most Expensive State to Be a Homeowner

This new study has found that California is the most expensive state for housing costs, with homeowners spending 28.84% of their income on housing costs. New York and New Jersey follow closely behind. At the other end of the spectrum, West Virginia is the least expensive state for housing costs, with homeowners spending 13.75% of their income. Nevada has the lowest median age of housing structures at 28 years.