Ted, OC, SD and SFO are in a class of their own. As of 6/30/2005, OC's median income was nearly $700K, SD's was $605K and SFO's was $726K. DC was at $429K and Baltimore at $377K.
You probably meant "median price for a home." Even then, according to your figures, D.C. is well above the average. You also forgot to list the areas around NYC, such as Long Island or Westchester County. Some relatives of mine just bought a 1,600 ft2 townhouse in Westchester County for $600K. And that house is an hour away from Manhattan.
Yes, I realize that most real estate markets aren't as crazy. I could probably buy a very decent-sized house around Seattle for just $300K. But that's something that the CNN article doesn't mention.
As for you, I don't blame you for thinking that since I live in the O.C., I must be living the rich life. The truth is far from it, but hey, it was my choice for moving here in the first place. Personally, I wonder how many other people think everyone in the O.C. must live like the TV show "The O.C."
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