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

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We put together the average salary you may need to afford the average priced home in Virginia. Have some fun with this and check out what you could afford in other states! (Based on a 30-year mortgage with a 10% down payment)

A new study looks at the income required to purchase an average-priced home in every US state.. You Need to Make to Afford the Average Home in Each State. salary needed to afford the average.

Case in point: On average, an American household needs to earn at least. For example, you'd have to earn almost $31 per hour in California to. Here is the hourly wage that a household must earn in order to afford the “fair.

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How much cash you need to buy a house in Houston's best neighborhoods?. On average, the salary requirements to buy a new home increased 8.5% from last year.. It does impact “how much house” a buyer can comfortably afford. Katy rates well among the best suburbs in Texas based upon community ratings for.

Using this rule as our benchmark, we calculated the minimum salary required to afford the average home in each state. Source: Top Five Places Where You Need the Highest Salaries to Afford the average home. 1. hawaii: $153,520 for a house worth $610,000. 2. Washington, DC: $138,440 for a house worth $549,000. 3.

Salary you need to afford the average home in your state (2018) April 3, 2018 July 31, 2019 Alex 0 Comments United States The salary you need to afford the average home in your state (Based on a 30-year mortgage with a 10% down payment).

 · Dreaming of retiring in sunny hawaii? Well, the harsh realities of affording a home there might change your mind. calculated the minimum salary needed per state in order to afford the average home there-here’s what to take into account.

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How Much do you Need to Earn to Afford a Modest Apartment in Your State? Hourly wage required to afford a two bedroom rental home by state. Below. $15.00.

Here’s what your salary should be to afford an average Arizona home. A new study by shows just how expensive it is to buy an average house in every state. a renter would need.

A similar study from the National Low Income Housing Coalition determined that in the Arizona, a renter would need to make $17.55 per hour at a full 40-hour-per-week job to afford an average two.