AL.COM story reports:
Construction Coverage -- a resource guide for construction professionals -- examined cities across the U.S. based on their median home price-to-median income ratio and found that two Alabama cities were among the best for finding housing which fits into the average family budget.
Among midsize cities, Montgomery ranked second only to Toledo, Ohio, with a 2.5 ratio -- derived by taking Montgomery’s median home price of $139,969 and dividing it by the median household income of $56,707.
Toledo edged out Montgomery with a 2.3 ratio ($105,239 median home price/$45,405 median income).
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