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New York Knicks, Miami Heat have NBA's most unaffordable tickets

By Alex Butler
The Miami Heat introduce their players. UPI/Gary I Rothstein
1 of 6 | The Miami Heat introduce their players. UPI/Gary I Rothstein | License Photo

March 1 (UPI) -- Looking to take your family to a New York Knicks or Miami Heat game?

Be ready to put in some extra hours at the office.

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According to a study by the personal finance website ValuePenguin.com, the Knicks and Heat are the most expensive tickets to score in the NBA.

New York residents, making a median annual income, need to work 14.3 hours to enjoy a Knicks contest, while Heat fans living in Miami-Fort Lauderdale-West-Palm Beach need to work 13.1 hours to afford tickets at AmericanAirlines Arena.

The Miami-Fort Lauderdale-West Palm Beach metro area has the third-lowest income [$48,745] out of any NBA city, according to the study.

The study evaluated all 30 NBA teams based on cost of tickets, concessions, and parking to determine each franchises' affordability. Analysts compared the aforementioned factors to the median annual income of each team's surrounding metropolitan statistical area to gauge its affordability when accounting for working hours.

The study was based on buying three NBA tickets, in addition to parking, food, and beverages at the arena.

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In Los Angeles, the average metro area resident has to work 12.8 hours to catch the Los Angeles Lakers at the Staples Center.

Washington Wizards fans are in luck. The Wizards are the most affordable team in the league as those living and working in the Washington, D.C. metro area need to work just 4.6 hours to enjoy the home team.

The Charlotte Hornets ranked as the second-most affordable team to watch at home, as fans need to work 5.0 hours to get tickets.

Knicks tickets cost $129 on average, while the Lakers come in at $103 on average. Heat tickets run about $77. An average ticket price to attend a Memphis Grizzlies, Detroit Pistons, or Charlotte Hornets contest will set you back $31.

Golden State Warriors fans living and working in the metro area have to work 7.8 hours to afford tickets to see the team with the best record in the NBA. Fans looking to see the Brooklyn Nets, the team with the league's worst record, need to work 7.9 hours to afford a ticket.

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But Knicks fans have still filled Madison Square Garden. The Knicks have had a top-5 home attendance in five out of the last six seasons. The Heat have ranked in the top-6 in NBA home attendance since 2011.

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