Despite a significant rise in home prices, cities in Georgia offer comparatively more affordable options for potential buyers, highlighting regional disparities in housing costs.
The median single-family home price in the U.S. rose to $437,450 by July 2024, representing a steep increase of nearly $118,500 since the pandemic began.
Homeownership has become increasingly unattainable, given that a typical American home now costs approximately 9.1 times more than the average worker's annual salary, which was estimated at $48,060.
With most American workers earning less than $100,000, it underscores the growing divide between income levels and the cost of housing across the nation.
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