The National Association of Home Builders and Wells Fargo have put together an index of the most and least affordable metro areas. The index was created by calculating what percentage of a city’s residents making the median income can afford a house in that city.

Not too surprising — the Midwest offers a good value with Indianapolis topping the charts as the most affordable city in the US. New York, of course, is the least affordable, followed by San Francisco, which is no shock to anyone who has lived in, or even visited those two cities.

In order to qualify, each metro area had to have over 500,000 people.

Top 10 Least Affordable Cities

1. New York City, NY
2. San Francisco, CA
3. Nassau/Suffolk Counties, NY
4. Los Angeles, CA
5. Miami, FL
6. Santa Ana, Anaheim, Irvine, CA
7. El Paso, TX
8. Newark, NJ
9. Honolulu, HI
10. Seattle, WA

Top 10 Most Affordable Cities

1. Indianapolis, IN
2. Warren, Troy, Farmington Hills, MI
3. Youngstown, Warren, Boardman, OH-PA
4. Detroit, MI
5. Grand Rapids, MI
6. Syracuse, NY
7. Dayton, OH
8. Akron, OH
9. Cleveland, OH
10. Scranton, PA

For more data to play with, visit the NAHB.

(Photo:Donna Cazadd)

Want more consumer news? Visit our parent organization, Consumer Reports, for the latest on scams, recalls, and other consumer issues.