The metro area of San Jose-Sunnyvale-Santa Clara, Calif., is where home owners boast the highest median incomes at $115,297, according to a recent analysis of the 2012 American Community Survey data by the National Association of Home Builders.
For comparison, the median household income of owner-occupied housing nationwide is $65,514. NAHB notes that many of the metros with the highest home owner income also are in metros that have some of the highest median home values.
The following 10 metro areas have the highest home owner incomes:
- San Jose-Sunnyvale-Santa Clara, Calif.: $115,297
- Bethesda-Rockville-Frederick, Md.: $114,444
- Washington-Arlington-Alexandria, D.C./Va./Md./W.Va.: $111,816
- San Francisco-San Mateo-Redwood City, Calif.: $110,663
- Cambridge-Newton-Framingham, Mass.: $105,786
- Bridgeport-Stanford-Norwalk, Conn.: $104,790
- Nassau-Suffolk, N.Y.: $102,632
- Oakland-Fremont-Hayward, Calif.: $101,124
- Newark-Union, N.J./Pa.: $100,067
- Boulder, Colo.: $97,690
Source: “Top Metro Areas: Median Income and Home Value,” NAHB’s Eye on Housing blog (April 9, 2014)