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

Closed Thread
Thread Tools
  #1  
Old 11-07-2023, 09:28 AM
Rainger99 Rainger99 is offline
Platinum member
Join Date: Oct 2021
Posts: 1,697
Thanks: 1
Thanked 1,363 Times in 622 Posts
Default You need almost double the median household income to buy a house

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
  #2  
Old 11-07-2023, 09:33 AM
Caymus Caymus is offline
Veteran member
Join Date: Mar 2019
Posts: 892
Thanks: 20
Thanked 841 Times in 391 Posts
Default

Quote:
Originally Posted by Rainger99 View Post
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

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

Housing affordability drops to the lowest level since 1984 - MarketWatch
Closed Thread

Tags
house, double, median, household, income


You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 12:54 AM.