Americans must earn roughly $106,500 to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020.

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 7 months ago

Americans must earn roughly $106,500 to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020.

bobs_monkey@lemm.ee · 7 months ago

And if you live in California, good luck. $106k/yr ain’t buying a home here.

4am@lemm.ee · 7 months ago

Or almost anywhere in New England that’s not overrun with meth and violence. And, even then sometimes…

octopus_ink@lemmy.ml · 7 months ago

I think there are MANY places it’s not buying a typical home. IANARealEstateExpert but I would bet there are specific areas of the country with a very depressed housing market that are bringing the average down by a bit.

Americans must earn roughly $106,500 to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020.

Americans must earn roughly $106,500 to comfortably afford a typical home, a significant increase from the $59,000 annual household income that put homeownership within reach for families in 2020.

Here's how much money you need to make to afford a home