How much money you need to spend on a home to be in the top 1% in 12 major US cities

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The United States is in a housing crisis.

Land prices rose after the 2008 recession, but incomes have not increased with them. At the same time, major cities have seen an influx of capital (and gentrification), contributing to increased housing prices.

Economic prosperity is becoming increasingly concentrated in America's elite zip codes. And as the country's richest get richer, America's middle class has been slowly disappearing.

This change is evident in many major metro areas, like New York City and San Francisco, where home prices have skyrocketed. A look at the costs of the top 1% of homes reveals the extent of the crisis.

Business Insider analyzed data from the Minnesota Population Center's Integrated Public Use Microdata Series, a collection of individual-level results from the US Census Bureau's 2015 American Community Survey.

One of the measures on the survey is selected monthly homeowner costs, which combines various expenses like mortgage payments, property taxes, insurance, and utilities. Based on the household-level responses among those surveyed who owned their homes, we found the cutoff point for the top 1% of the distribution of homeowner costs — those homeowners spending more on their houses than 99% of their neighbors — in the largest metro areas in the country.

Here are the minimum monthly costs for homeowners in the top 1% for 12 major metro areas.