Connect with us

Markets

Mapped: The 22 Cities With the Most $1 Million Homes in the U.S.

Published

on

Mapped: The 22 Cities With the Most $1 Million Homes in the U.S.

Map: The 22 Cities With the Most $1 Million Homes

Throughout most of America, owning a $1 million home gives you definite bragging rights – it means you may have six bedrooms, 5,000 square feet, an infinity pool, and at least a few acres of property.

But along the coasts – and particularly in California – the two comma club has lost most of its novelty. That’s because in some places, like San Jose, CA, the majority (53.8%) of homes are already soaring past the $1 million mark, despite most of them looking nothing more than ordinary.

$1 Million Homes by City

Today’s chart uses data from a study by LendingTree, which ranks the largest 50 U.S. cities by the percentage of million dollar homes in each metro area. The data from the study was pulled out of a database of 155 million property prices throughout the country.

Here are the 22 U.S. cities that have at least 1% of their housing stock exceeding the $1 million value mark:

RankCity% of $1mm homesMedian home price
#1San Jose, CA53.81%$1,069,000
#2San Francisco, CA40.03%$891,000
#3Los Angeles, CA17.23%$622,000
#4New York, NY11.81%$454,000
#5San Diego, CA10.55%$563,000
#6Seattle, WA9.90%$461,000
#7Boston, MA7.95%$459,000
#8Washington, DC5.27%$395,000
#9Miami, FL3.79%$267,000
#10Denver, CO2.65%$391,000
#11Austin, TX2.16%$282,000
#12Portland, OR1.95%$378,000
#13Sacramento, CA1.72%$378,000
#15Nashville, TN1.52%$235,000
#14Houston, TX1.52%$192,000
#16Phoenix, AZ1.51%$242,000
#17Providence, RI1.32%$266,000
#18Dallas, TX1.31%$213,000
#19Chicago, IL1.30%$223,000
#20Riverside, CA1.12%$332,000
#21Baltimore, MD1.07%$270,000
#22Charlotte, NC1.02%$187,000

The data looks pretty telling, with four of the top five cities being located in California. In each of those cities, more than 10% of all homes have surpassed the $1 million mark.

In the Bay Area specifically, prices are amplified even further: San Francisco (40.0%) and San Jose (53.8%) have by far more $1 million homes than other major cities in the country. It’s also worth noting that in San Jose, the median price of all homes is a whopping $1,069,000.

You can just imagine what houses might cost in some of the Silicon Valley towns like Mountain View or Palo Alto, or just over the Golden Gate Bridge in Marin County.

The Bottom of the List

While the above chart shows the 22 U.S. cities with the most $1 million homes, LendingTree also listed the major cities in the country with the fewest.

Buffalo, located in upstate New York, takes this title, with only 0.10% of homes passing the mark and an overall median home price of just $141,000. So, to buy the average home in San Jose, you’d need to sell off about eight average houses in Buffalo.

The other cities with the smallest concentrations of million dollar homes are also located in the Great Lakes and Midwest regions: Pittsburgh (0.17%), Hartford (0.18%), Cleveland (0.19%), and Indianapolis (0.27%).

Click for Comments

Markets

Visualizing the Major Product Exported by Each U.S. State

Canada is the top destination for products from 21 states.

Published

on

Graphic showing product categories each state exports worldwide.

Visualizing the Major Product Exported by Each State

The U.S. is the second biggest exporter in the world, accounting for over 8% of global exports.

In this graphic by NeoMam Studios, we analyze the primary product exported by each state, as well as its main destination, utilizing data from the U.S. International Trade Administration.

Canada: The Primary Destination

Canada serves as the largest export market for most of the Midwest, while Mexico holds the top spot as the export destination for much of the Southwest and Southeast. Additionally, Canada stands out as the primary importer of products from 21 states, with China and Germany trailing behind as notable destinations.

StateDestinationTop Product ExportedValue (USD)
Alabama🇩🇪 GermanyTransportation equip.$3,649M
Alaska🇨🇦 CanadaMinerals$576M
Arizona🇲🇽 MexicoMinerals$1,760M
Arkansas🇨🇦 CanadaProcessed Foods$246M
California🇨🇦 CanadaComputer & Electronics$5,093M
Colorado🇰🇷 South KoreaProcessed Foods$545M
Connecticut🇩🇪 GermanyTransportation equip.$1,581M
Delaware🇰🇷 South KoreaAppliances$419M
Florida🇬🇧 UKChemicals$2,447M
Georgia🇨🇦 CanadaMachinery$1,629M
Hawaii🇭🇰 Hong KongTransportation equip.$68M
Idaho🇹🇼 TaiwanComputer & Electronics$394M
Illinois🇨🇦 CanadaTransportation equip.$4,517M
Indiana🇨🇦 CanadaTransportation equip.$6,561M
Iowa🇨🇦 CanadaMachinery$1,598M
Kansas🇲🇽 MexicoAgricultural$1,543M
Kentucky🇨🇦 CanadaTransportation equip.$3,630M
Louisiana🇨🇳 ChinaAgricultural$11,300M
Maine🇨🇦 CanadaOil & Gas$504M
Maryland🇫🇷 FranceTransportation equip.$949M
Massachusetts🇨🇳 ChinaMachinery$1,298M
Michigan🇨🇳 ChinaTransportation equip.$15,361M
Minnesota🇨🇦 CanadaPetroleum & Coal$2,787M
Mississippi🇵🇦 PanamaPetroleum & Coal$2,106M
Missouri🇨🇦 CanadaTransportation equip.$2,390M
Montana🇨🇦 CanadaMinerals$153M
Nebraska🇲🇽 MexicoAgricultural$933M
Nevada🇨🇭 SwitzerlandMetal$1,399M
New Hampshire🇩🇪 GermanyTransportation equip.$695M
New Jersey🇨🇦 CanadaChemicals$2,734M
New Mexico🇲🇽 MexicoComputer & Electronics$2,014M
New York🇨🇭 SwitzerlandMetal $18,262M
North Carolina🇨🇳 ChinaChemicals$4,312M
North Dakota🇨🇦 CanadaPetroleum & Coal$1,441M
Ohio🇨🇦 CanadaTransportation equip.$5,990M
Oklahoma🇨🇦 CanadaMachinery$418M
Oregon🇨🇳 ChinaComputer & Electronics$6,261M
Pennsylvania🇨🇦 CanadaChemicals$2,280M
Rhode Island🇮🇹 ItalyWaste & Scrap$321M
South Carolina🇩🇪 GermanyTransportation equip.$3,774M
South Dakota🇨🇦 CanadaProcessed Foods$297M
Tennessee🇨🇦 CanadaTransportation equip.$2,017M
Texas🇲🇽 MexicoPetroleum & Coal $33,627M
Utah🇬🇧 UKMetal $6,805M
Vermont🇹🇼 TaiwanComputer & Electronics$447M
Virginia🇮🇳 IndiaMinerals$1,799M
Washington🇨🇳 ChinaAgricultural $10,553M
West Virginia🇮🇳 IndiaMinerals$657M
Wisconsin🇨🇦 CanadaMachinery$1,802M
Wyoming🇮🇩 IndonesiaChemicals$200M

When it comes to the types of exports, transportation equipment emerges as the primary source for the majority of states, with minerals and ores, chemicals, and computer and electronics following closely behind.

For instance, North Carolina ships $4.3 billion worth of chemicals to China, marking one of the longest-distance trade flows among states. Meanwhile, Florida boasts one of the most diverse export portfolios, engaging in trade with Europe, South America, and the Caribbean.

Louisiana heavily relies on the export of agricultural products to China, which contributes significantly to its total GDP. Similarly, Michigan’s transportation equipment exports to Canada constitute a noteworthy portion of the state’s GDP.

In Oregon, exports of semiconductors and other computer parts to China, driven by companies like Intel and Micron, play a crucial role in the state’s economy. Meanwhile, Utah predominantly exports primary metal manufacturing goods to the United Kingdom.

The biggest exporter in the country, Texas, sees a significant portion of its GDP attributed to exports to Mexico, further underlining the state’s economic ties with its southern neighbor.

Continue Reading
NOVAGOLD. Pure Gold. Precious Opportunity.

Subscribe

Popular