March 25, 2024
Owning the average home in 2024 now requires an income of $106,000, according to Zillow.
Just 4 years ago, you needed just $59,000 in income to afford the average home.
That's a $47,000, or 80%, increase in income from 2020 while wages are up just 23% over that time.
Currently, the median HOUSEHOLD income in the US is ~$75,000.
In other words, the median household income used to be 27% ABOVE the income needed to afford a home
Now, the median household income is 41% BELOW the income needed to afford a home.
(TKL)
Posted by: Timothy Birdnow at
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Posted by: Anonymoussly at March 25, 2024 11:40 AM (/aMks)
Posted by: anonymo at March 25, 2024 01:58 PM (/aMks)
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Posted by: dhamshells at March 26, 2024 07:29 AM (Nj3uN)
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