We all know how expensive it is to live in the Bay Area, but some new numbers show just how bad it’s getting.

And the numbers show how one spot in the Bay Area is the least affordable in the nation.

A new study by Zillow finds the San Jose metro area, which includes all of Santa Clara County, now tops the list of the least affordable markets to own a home.

Homeowners in the San Jose metro area are spending 53.5 percent of their monthly gross income on their mortgage. That is based on an annual median household income of $118,061

The Los Angeles area ranks No. 2, and the San Francisco Metro area, which includes San Francisco, Marin, Alameda, and Contra Costa counties, ranks No. 3, where homeowners must come up with 44.9 percent of their monthly gross income to pay their mortgage, with the median income there of $104,172.

Renting isn’t much better.

The median rent in the San Jose metro area is $3,499, requiring 35.6 percent of your monthly gross income and the median rent in the San Francisco metro area is $3,399, requiring 39.2 percent of your monthly gross income.

And to make matters worse, the Zillow study also finds those making the least amount of money are having to come up with an even greater percentage of their income to cover their housing costs.


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