If buyers want a bigger house, they should look toward smaller cities in the South and Midwest
Though Frisco, Texas, has its own thriving economy, the city serves as a home for many people who commute to nearby Dallas and Fort Worth. There’s a good reason for that.
SmartAsset named Frisco as the best place for homebuyers to get the biggest house on an average salary. The average household in Frisco earns $123,000 a year, and with an average price of $131 per square foot, a typical yearly income could buy 938 square feet of home.
Other cities with favorable income-to-price-per-square-foot ratios include Montgomery, Ala., Jackson, Miss., Midland, Texas, and Augusta, Ga. Detroit, Memphis, and Cleveland were among the bigger cities on the top 25 list.
The results indicate that if buyers want a bigger house, they should look toward smaller and medium-size cities, especially in the South and Midwest.
In general we see that the biggest cities, like New York and Los Angeles, tend to be more expensive. Even after taking median income into account, property in those cities is expensive.