It just gives an income-adjusted figure to be able to compare with other cities in the US, and around the world [0]. It also gives a rough idea of how long a typical household would have to save in order to buy a home (though this depends on tax and other spending).
That represents a median multiple of ~16.4 (1.285m / 78378), second only to Hong Kong (19.0)[0], which has topped the survey since its inclusion.
It just gives an income-adjusted figure to be able to compare with other cities in the US, and around the world [0]. It also gives a rough idea of how long a typical household would have to save in order to buy a home (though this depends on tax and other spending).
That represents a median multiple of ~16.4 (1.285m / 78378), second only to Hong Kong (19.0)[0], which has topped the survey since its inclusion.
[0]: http://www.demographia.com/dhi.pdf