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This Is the Salary You Need to Afford the Average Home in Your State

2018-08-24  · This is how much money you need to make to afford rent in every state By Sue chang. published: aug 24, 2018. the richest state in the U.S. based on gross domestic. must earn at least twice as much as those living in the South just to afford rent for what each market considers an average home,” said HowMuch.net’s Raul.

HowMuch, a website aimed at helping people understand money, put together an infographic that illustrates just how much your annual salary needs. This Map Shows How Much You Need to Make to Afford.

To see just where, we asked real estate consulting firm veritas Urbis Economics to help us calculate the salary you’d need to earn to buy a home in each state, based on recent listing prices from Trulia. We assumed the home buyer put 10% down and took out a 30-year fixed mortgage at a rate of 4.8% – close to today’s national average.

But how does their high income potential influence the homes they buy. It's no secret that doctors tend to have nicer homes than the average person.. At LeverageRx, we have processed thousands of physician mortgage loans.. median Doctor Home Prices by state median doctor home prices by State.

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What’s the Salary You Need to Afford a House in Your State? There are many financial factors to consider when you’re choosing a home. The down payment, closing costs, property taxes, insurance – the list goes on.. This Is the Salary You Need to Afford the Average Home in Your State.

2019-06-27  · The five states where you need to earn the most money to afford rent are all coastal – and you need to earn six figures to rent in the top two, California and Washington, DC. Meanwhile, the five states where you need the lowest salary to pay rent are in the South or Midwest.

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So here's how much income you need to afford the average home in every state in 2018, California: $120,120 for a house worth $499,900. 4.

Can Illinois draw marijuana tourists from out of state?. Counting your pennies a bit more these days to afford a house?. That salary figure is lower than Chicago's median household income of $53,006, according to the Census Bureau.. “I think people are more aware of required minimum income (for.