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Price to Income Ratio 2024

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Affordable Housing by Country 2024

  • Price to Income Ratio - A fundamental measure for apartment purchase affordability. A lower ratio indicates better affordability.
  • Price to Rent Ratio - The average cost of ownership divided by the received rent income (if buying to let) or the estimated rent that would be paid if renting (if buying to reside).
  • Gross Rental Yield - The total yearly gross rent divided by the house price (expressed in percentages). Higher values are preferable.
  • Mortgage as Percentage of Income - A ratio of the actual monthly cost of the mortgage to take-home family income. Lower values are preferable.
  • Affordability Index - An inverse of mortgage as percentage of income. The used formula is (100 / mortgage as percentage of income). Higher values are preferable.

109 countries

Country
Price to Income Ratio 2024
Gross Rental Yield in City Center 2024
Gross Rental Yield Outside City Center 2024
Price to Rent in City Center 2024
Price to Rent Outside City Center 2024
Mortgage as a % of Income 2024 (%)
Housing Affordability Index 2024
Price to Income Ratio 2023
Gross Rental Yield in City Center 2023
Gross Rental Yield Outside City Center 2023
Price to Rent in City Center 2023
Price to Rent Outside City Center 2023
Mortgage as a % of Income 2023 (%)
Housing Affordability Index 2023
Syria112.22.53.839.426.31674.2%0.199.52.84.235.924.11306.6%0.1
Ethiopia50.36.04.416.622.6811.5%0.128.910.16.59.915.4471.8%0.2
Cuba47.823.528.54.33.5554.4%0.2-
Cameroon43.28.710.511.59.5825.9%0.141.77.69.313.110.7747.9%0.1
Sri Lanka39.13.11.931.851.5734.1%0.135.33.82.326.044.3602.9%0.2
Nepal33.32.01.951.152.4480.5%0.236.01.52.068.349.1497.8%0.2
Hong Kong30.01.92.053.549.8218%0.542.11.71.759.058.2275.9%0.4
China29.41.71.857.955.9224.9%0.433.01.61.663.161.7259.4%0.4
Thailand26.13.03.233.231.5217.1%0.525.82.83.235.331.1210.7%0.5
Philippines25.82.93.034.933.4245.2%0.431.03.13.232.531.4292.1%0.3
Lebanon24.34.96.320.415.9288.8%0.324.65.25.919.317.1277.4%0.4
Iran23.45.25.819.217.2526.7%0.222.25.66.517.715.4478.9%0.2
Vietnam22.63.33.830.626.1263.6%0.424.13.23.631.227.8282.5%0.4
South Korea20.71.21.284.884.7159.7%0.620.31.21.285.986.6146.8%0.7
Taiwan20.01.41.869.956.8120.1%0.822.11.31.675.861.3130.9%0.8
Argentina19.63.63.427.829.11112.6%0.122.32.72.637.237.91135.2%0.1
Algeria18.72.83.135.131.8166.3%0.616.03.33.630.127.9143.9%0.7
Singapore18.73.03.433.729.6130.7%0.815.74.14.424.622.6109%0.9
Colombia18.45.25.219.319.3276.1%0.418.14.84.720.921.2240.5%0.4
Peru18.35.84.617.221.6215%0.518.94.94.520.522.1217.7%0.5
Armenia18.35.87.917.312.6286%0.315.48.111.912.38.4213.7%0.5
Indonesia17.35.25.519.418.0188.9%0.519.74.55.222.119.2220.6%0.5
Serbia17.14.04.125.324.3159.6%0.617.64.44.622.921.5153.6%0.7
Dominican Republic16.96.45.815.617.3230.7%0.415.97.45.513.618.1213.4%0.5
Venezuela16.48.36.712.014.9404%0.217.18.06.612.615.2411.9%0.2
Chile16.44.63.821.926.4132.3%0.816.24.54.222.123.8130.4%0.8
Brazil16.34.74.621.421.8199.7%0.516.84.24.223.723.9191.6%0.5
Russia16.04.34.123.524.6209%0.516.73.53.728.926.9199.4%0.5
Mongolia15.77.27.513.913.2137.3%0.718.06.47.215.713.9161.2%0.6
Egypt15.56.37.015.914.3226.4%0.412.57.06.814.414.7175.8%0.6
Ukraine15.35.15.319.518.8282.6%0.414.25.55.618.117.9234.9%0.4
Azerbaijan14.85.45.618.417.8163.1%0.614.75.15.819.617.1161.7%0.6
Morocco14.65.04.820.120.8113.5%0.914.54.64.921.920.3114.4%0.9
Slovakia14.53.43.629.328.1107.9%0.913.03.94.025.925.286.4%1.2
Israel14.33.03.033.033.4106.6%0.914.72.82.835.735.7105.5%0.9
Albania14.14.65.521.518.1118.1%0.8-
Kyrgyzstan14.09.09.211.110.9278.7%0.413.79.48.910.611.3242.6%0.4
El Salvador13.78.310.212.09.8160%0.6-
Hungary13.53.43.729.427.1141.7%0.714.63.13.331.930.6143.5%0.7
Bosnia and Herzegovina13.52.72.837.035.7100%1.011.72.72.836.735.581.5%1.2
Greece13.43.93.925.325.8101.2%1.011.74.24.323.823.387.8%1.1
Pakistan13.34.64.121.624.2272.3%0.414.04.75.121.119.8217.5%0.5
Portugal13.36.26.816.114.6104%1.011.95.66.417.715.784.6%1.2
North Macedonia13.33.43.529.428.7106.8%0.913.73.33.230.230.9106.8%0.9
Bolivia13.16.45.715.717.7124%0.812.912.95.717.317.4122.8%0.8
Georgia12.98.59.411.710.6167.3%0.613.29.711.910.38.4172%0.6
Montenegro12.95.95.716.917.5109.6%0.913.05.85.517.118.2106.3%0.9
Kenya12.87.34.813.720.8179.1%0.613.64.35.323.118.9184.9%0.5
Tunisia12.84.85.021.020.0165.9%0.611.84.95.120.419.4140.6%0.7
Belarus12.85.14.919.620.5217.3%0.513.64.44.323.023.0269.2%0.4
Croatia12.83.43.629.828.095%1.113.43.13.131.732.096.1%1.0
Czech Republic12.73.73.926.725.6107.1%0.914.03.13.132.732.0116.7%0.9
Slovenia12.53.73.827.326.187.8%1.112.13.73.827.226.178.3%1.3
Bangladesh12.33.03.033.133.8138.1%0.7-
Ecuador12.26.15.416.418.7141.8%0.711.36.05.016.519.9129.4%0.8
Panama12.18.08.212.412.3106.1%0.911.78.47.811.912.8100.8%1.0
Malta12.05.45.518.518.292.9%1.111.35.65.717.917.487.4%1.1
Lithuania11.93.64.227.623.688.3%1.112.63.94.125.824.787.2%1.1
Uzbekistan11.78.510.111.79.9254.8%0.413.18.811.411.48.8280.9%0.4
Poland11.64.14.424.522.6107.3%0.911.84.34.923.420.3108.7%0.9
Japan11.32.22.444.841.867.7%1.59.82.73.037.733.357.7%1.7
Turkey11.36.37.215.914.0398.3%0.313.95.46.218.616.1307.9%0.3
France11.22.83.135.131.878.1%1.310.82.93.134.032.070%1.4
Estonia11.23.43.529.128.887.9%1.110.23.73.927.225.566.5%1.5
India11.12.83.235.430.8119.3%0.89.93.03.833.826.6103.3%1.0
Moldova11.15.96.417.015.7150.5%0.711.15.55.918.217.1141.9%0.7
Austria11.03.13.332.730.176.8%1.310.62.93.335.130.469.2%1.4
Mexico10.77.88.112.912.3135.9%0.78.67.97.712.712.9107.7%0.9
Kazakhstan10.68.38.112.112.3184%0.510.99.09.311.210.7174.6%0.6
Canada10.44.15.124.519.694.7%1.19.63.84.626.121.685.8%1.2
Romania10.44.44.422.722.697.1%1.011.14.04.224.723.6101.7%1.0
Switzerland10.42.62.738.336.566.1%1.511.02.52.839.835.368.4%1.5
Italy10.24.24.924.020.479.4%1.39.24.14.924.620.264%1.6
Uruguay10.05.05.119.819.694.6%1.111.14.65.421.618.4108.9%0.9
Germany9.43.63.327.930.568.3%1.510.22.82.935.634.370.7%1.4
Bulgaria9.34.44.922.520.370.3%1.48.74.75.121.219.763.2%1.6
Costa Rica9.37.48.313.612.0107.9%0.99.26.87.114.714.1102.8%1.0
United Kingdom9.14.44.722.521.277.3%1.38.44.54.522.422.265.7%1.5
Latvia9.04.14.624.321.666.5%1.58.64.24.523.722.157.8%1.7
Luxembourg8.93.33.729.927.456.3%1.810.13.03.332.829.960.7%1.6
New Zealand8.83.93.825.926.380.7%1.29.93.83.926.625.984.4%1.2
Australia8.44.24.423.522.674.5%1.39.94.34.223.423.782.4%1.2
Finland8.43.13.832.126.458.3%1.78.13.24.131.524.451.1%2.0
Spain8.35.67.017.714.357.7%1.77.15.06.120.016.547.4%2.1
Iraq8.36.47.815.612.995.1%1.17.97.08.314.412.187.2%1.1
Malaysia8.24.04.925.120.460.4%1.78.94.35.123.019.863.8%1.6
Cyprus8.17.37.813.812.858.4%1.77.28.79.611.510.448.4%2.1
Norway7.84.04.225.123.758.1%1.78.23.53.928.825.657.8%1.7
Netherlands7.75.05.520.218.357.5%1.76.74.85.320.718.946.2%2.2
Sweden7.73.74.427.422.959.6%1.79.13.03.733.726.964.2%1.6
Kuwait7.53.54.929.020.560.4%1.79.33.24.931.420.474.2%1.3
Jordan7.45.96.517.015.371.8%1.47.45.96.816.814.671.8%1.4
Ireland7.27.48.213.512.254.5%1.87.36.77.515.013.453.7%1.9
Belgium7.04.54.922.320.648.2%2.16.44.84.920.920.542.9%2.3
Denmark6.64.34.723.121.447.8%2.16.74.44.922.920.346.2%2.2
Palestine6.67.27.313.913.762.6%1.66.37.27.613.813.161.7%1.6
Iceland6.16.16.816.514.859%1.75.95.66.117.816.351.5%1.9
Qatar5.27.36.613.815.140.2%2.55.17.97.012.714.236.8%2.7
Puerto Rico4.47.86.412.915.635.4%2.84.911.29.08.911.238.5%2.6
United Arab Emirates3.911.811.68.58.629.1%3.43.39.79.210.310.823.1%4.3
United States3.311.211.29.08.929.9%3.34.27.99.112.711.038.3%2.6
South Africa3.310.310.29.89.841.6%2.43.310.211.39.88.936.8%2.7
Saudi Arabia3.16.46.915.614.523.7%4.22.96.97.414.613.621.8%4.6
Oman2.97.68.013.212.522.3%4.53.26.97.614.513.124.8%4.0
Afghanistan-14.84.55.422.018.4118%0.8
Guatemala-12.57.57.613.313.1126.8%0.8
Cambodia-29.25.14.319.523.1337.9%0.3
Honduras-8.59.26.610.915.2111.5%0.9
Bahamas-12.82.93.434.229.1143%0.7

Which country has the most affordable housing?

With a Price to Income Ratio of 2.9, Oman offers some of the most affordable housing in the world.

Frequently Asked Questions

Sources