By Ben Geier | SmartAsset
Besides the responsibilities of securing and maintaining a functioning property, homeowners need to be aware of another tremendous burden of homeownership: costs. Whether it’s tackling mortgage payments and property taxes or handling interest and insurance, the weight of these housing expenses never really lessens. That’s why it’s important to understand how much you might be spending on housing relative to other locations around the country, and then use that information as a starting point to maximize your budget.
Below, SmartAsset looked at the places in the U.S. where people are spending the most on housing. We considered only median monthly housing costs (including mortgage payments and property taxes) that homeowners incurred. For details on our data sources and rankings, see the Data and Methodology section below.
