10 of 10
BACKNEXT
Nassau/Suffolk, N.Y.
Nassau/Suffolk, N.Y.
$848,888 is the price for this lovely three-bed, two-and-a-half bath in beautiful Great Neck, one of the inner-ring suburbs of New York City.
Median home price: $380,000
Median income: $101,800
Affordability score: 39.6% -- 5th worst

These counties on Long Island are called "bedroom communities" because many of the people who live there commute to Manhattan. But the area has always had its share of companies and many people now both live and work on Long Island.

There are a lot of good-paying jobs in financial services and health care. The area median income of $101,800 trails only two other metro areas in the NAHB report. Those salaries take some of the sting out of paying the high home prices there.



More galleries
Last updated November 25 2009: 10:08 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Source: National Association of Homebuilders/Wells Fargo Housing Opportunity Index for the third quarter of 2009.
The NAHB judges a home to be affordable if a family making the metro area's median income could devote no more than 28% of their take-home pay toward housing costs.
More Galleries
7 quirky luxury products for the super rich Take a look at some of the most unusual luxury products being marketed to the top 1% in Monaco, including a rotating sunbed, hand-made wooden skis and fur coats for dogs. More
Five things to know about Putin's Russia An economic crisis, Western sanctions and a comeback currency: What's going on in Russia? More
9 up-and-coming collectible cars They're relatively cheap now but these models have already caught collectors' eyes and are expected to increase in value in years to come More

Special Offer