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The cost to buy a home is more expensive than it's ever been. According to Business Insider, SmartAsset recently released a new report ranking the US cities with the most severely cost-burdened households. In other words, households who spend at least half of their income on housing. In 34 cities, at least 13% of households are severely cost-burdened--and almost half of the cities are in California. However, the city with the third highest rate of cost-burdened households is Hialeah, Florida.