San Diego Ranks 4th Highest Expensive City for Housing

San Diego ranks as the fourth most expensive city for housing in the U.S. – which probably doesn’t come as a surprise to most of us that live here!

The Bureau of Labor Statistics recently released a report that examines housing costs before, during and after the Great Recession. Adding up expenditures like furnishings, utilities, supplies, household operations and shelter, housing costs forced San Diegans to spend roughly $22,000 on average in 2012.

The highest on the list were Washington, D.C. (#1), San Francisco (#2) and New York (#3). The cheapest cities were Detroit, Miami and Cleveland.

The report also revealed that U.S. residents spent about 33% of their yearly expenditures on housing – the largest percentage. Another statistic shows homeowners (on average) spent less on mortgage interest and charges than renters did on leases in 2012. But homeowners did spend more than renters on maintenance, repairs, insurance and other similar expenses.

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