California ranks 3rd on list of least affordable states, analysis finds

Friday, October 19, 2018
Many states are less affordable due to stagnant wages and rising housing costs, according to a new analysis by GoBankingRates.

The personal financing site found Hawaii came in first as the least affordable place to live.
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California ranks third on the list. The average cost of living is more than $84,000 in the state.

The state's median income is $63,000, leaving a gap of about $21,000.
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The top five least affordable states in the country in order are: Hawaii, Oregon, California, New York and Maine.
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