Honolulu Ties New York As Most Overpriced US City

With a housing market that prices out many middle class families, lots of imported goods, and a distinct lack of competition, Honolulu tied New York City as the most overpriced city in America, reports Erin Carlyle at Forbes.

Carlyle used median housing prices, a cost of living index, and median incomes to figure out which cities were the most expensive relative to what people earn, not just the most expensive overall, but with a few surprises it was still the usual suspects...