Real estate prices are rising faster than incomes. This is where it is worst. – WFTV

ORLANDO, Fla. — Editor's note: This story is available because of a content partnership between WFTV and the Orlando Business Journal.

In America’s cities, real estate prices are rising far faster than wages – and costs continue to rise.

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An analysis of average monthly mortgage payments from 2018 to 2023 in 50 cities by brokerage firm Zoocasa found that the average monthly payment rose faster than median income in all markets studied.

In Boston, for example, the average payment increased 27.5% while incomes grew 22.4%. In Washington, DC, the average payment increased 35.8% while incomes grew 19.1%.

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