San Francisco has the highest level of "mortgage stress" of the top 100 largest cities in the United States by population, according to a report from personal finance website Finder.com.
The City by the Bay topped the list due to its high mortgage repayments, which represent 61.47% of the median household income on average. Mortgage repayments formed the basis of the ranking.
"Mortgage stress is generally when a homeowner's mortgage repayments are more than 28% of their gross income," said Michelle Hutchinson, Finder.com global head of public relations, in a news release Wednesday. "It's concerning to see that some of the most populated cities in the country have the highest levels of mortgage stress."
Two other California cities landed in the top five nationwide: Los Angeles and San Francisco's neighbor Oakland. New York and Honolulu rounded out the top of the list.
On the other end of the spectrum, Detroit had the lowest level of mortgage stress, with repayments only constituting 6.12% of income. Other Midwest cities also landed at the bottom, including Cleveland and Toledo, Ohio.
