"A survey by Talker Research reveals that the average American would be content earning $74,000 annually, but this "perfect salary" only affords a median-priced home in two states, highlighting a significant housing market challenge."
"Realtor.com® analysis indicates that even doubling the ideal income to $148,000 doesn't guarantee homeownership in every state, despite only 19% of respondents believing six figures are necessary for comfortable living."
"A $74,000 salary, deemed ideal by many Americans, falls short in purchasing a median-priced home in most states due to current housing market conditions."
The average American would be content earning $74,000 annually, but that income purchases a median-priced home in only two states. Doubling the ideal income to $148,000 still fails to guarantee homeownership nationwide. Only 19% of respondents believe six figures are necessary for comfortable living. Dual incomes earning the ideal salary enable affordability in more states, yet single-income households face substantial barriers. Rising insurance premiums and property taxes, particularly in climate-vulnerable regions, increase carrying costs and further reduce affordability. The gap between perceived financial sufficiency and housing-market realities underscores persistent structural affordability challenges.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]