On a list that includes 50 metropolitan areas, Austin claims a bittersweet spot as the No. 16 least affordable city for millennials. The report states that young Austinites can technically afford a home, but the picture is pretty grim.
In Austin, where the median home value is $229,000, the minimum salary required to purchase a home is $31,070. And with a median income of $36,357, millennials in Austin have a surplus of $5,287.
Austin is the least affordable city in Texas, with Houston (No. 36), Dallas-Fort Worth (No. 34), and San Antonio (No. 28) faring much better.