The popular beach destination had a "weighted home price" of $1,427,568, which takes into account household size, and a median household income of $92,490, according to the study by AdvisorSmith.

Only Palo Alto, which topped the list with a weighted price of $2,672,011 and a median household income of $160,360, and Newport Beach, with $2,094,913 and $128,294 respectively, were less affordable.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2021/June-2021/06_15_2021_Santa_Monica_Third_Least_Affordable_City.html