You need almost double the median household income to buy a house

[Rainger99]

The average cost of buying a house in the US is now $2,405 a month. In order to do that, a homebuyer would need an annual salary of $119,500 — nearly double the actual median household income of $64,240.

Housing costs have just hit a ‘new record’: Here’s what that adds up to (https://nypost.com/2023/11/07/real-estate/housing-costs-have-just-hit-a-new-record-heres-what-that-adds-up-to/)

[Caymus]

The average cost of buying a house in the US is now $2,405 a month. In order to do that, a homebuyer would need an annual salary of $119,500 — nearly double the actual median household income of $64,240.

Housing costs have just hit a ‘new record’: Here’s what that adds up to (https://nypost.com/2023/11/07/real-estate/housing-costs-have-just-hit-a-new-record-heres-what-that-adds-up-to/)


You are low, this article has it at over $2,500 per month.:icon_wink:

Housing affordability drops to the lowest level since 1984 - MarketWatch (https://www.marketwatch.com/story/housing-affordability-hits-a-39-year-low-its-fair-to-expect-prices-to-weaken-expert-says-2e7963ad)