The salary you need to afford a house (Map)

[Wyatt earp]

This is interesting..

 

[Canon Shooter]

This is interesting..

It's also inaccurate as fuck...

 

[Moonglow]

Is that the income needed for both spouse and spousette?

 

[progressive hunter]

This is interesting..



View attachment 458308

this is fake BS.,,, I live in missouri and make barely a fraction of that and afforded 3 houses,,,

 

[progressive hunter]

Is that the income needed for both spouse and spousette?

thats the trick to the question,,,

 

[JoeMoma]

This is interesting..



View attachment 458308

this is fake BS.,,, I live in missouri and make barely a fraction of that and afforded 3 houses,,,

Perhaps it is the amount someone needs to be earning now to buy a house. And of course it's simply a generalization.

 

[progressive hunter]

This is interesting..



View attachment 458308

this is fake BS.,,, I live in missouri and make barely a fraction of that and afforded 3 houses,,,

Perhaps it is the amount someone needs to be earning now to buy a house. And of course it's simply a generalization.

that all depends on the house and who youre buying it from,,,

I bought one house for 20K and paid cash making less than 10K a yr,,,
I bought another for 500 making about the same,,

sorry but things like this are very misleading and meant to sow division in the class's and give government more power,,

 

[task0778]

Is this a back door attempt to justify an increase in the minimum wage? If so, it ain't gonna work. If you want to buy a house then you better be able to get a job that pays better than m-wage. It is not everyone else's responsibility to make sure anyone can afford a house.

 

[Harry Dresden]

This is interesting..

It's also inaccurate as fuck...

in have to concur....

 

[pknopp]

It's a generalization not a conspiracy theory.



To see how much income you needed in every state to afford a home, we first took the median home value in each state from Zillow. We then took that number to determine how much it would take per month to afford that home.

We took into account insurance costs, the average property tax in each state, assumed the average person would pay a 10% down payment and a 30 year mortgage at a present day rate of 3.97%. Therefore, if interests rates increased, the cost to own a home in each state would go up.

We then took the monthly cost, multiplied by 12 and divided by 1/3 to get the minimum income you would need to afford the home.



Income Needed to Afford the Average Home in Every State - The Cost Guys

 

[Shelzin]

Is that the income needed for both spouse and spousette?

No. At least it's not for Iowa or parts of Missouri. We do have houses than cost $200 grand plus sure... But where I'm from if you pay a house payment or rent with a comma in it we think you are crazy.

Edit: This also goes back to Cost of Living that I keep bringing up when people want to talk about raising the minimum wage to 15 dollars an hour across the board no matter where you live.

 

[pknopp]

Is that the income needed for both spouse and spousette?

No. At least it's not for Iowa or parts of Missouri. We do have houses than cost $200 grand plus sure... But where I'm from if you pay a house payment or rent with a comma in it we think you are crazy.

The average house payment in Missouri is $1.254.

The average monthly mortgage payment by state, city, and year

 

[Shelzin]

Is that the income needed for both spouse and spousette?

No. At least it's not for Iowa or parts of Missouri. We do have houses than cost $200 grand plus sure... But where I'm from if you pay a house payment or rent with a comma in it we think you are crazy.

The average house payment in Missouri is $1.254.

The average monthly mortgage payment by state, city, and year

Average or Mean?

Edit: Actually... It doesn't matter. I don't live in a CITY. I will never live in a CITY like you very likely see it. Give me a town any day of the week.

500 a month will get you a damn nice place. It says that IOWA is at $1,234... Might be right... Hell I don't know... I still think this it's absolutely crazy to do... It's not worth it. Live at least two miles outside of city limits... Pay the gas to drive into work. You people are nuts.

 

[pknopp]

Is that the income needed for both spouse and spousette?

No. At least it's not for Iowa or parts of Missouri. We do have houses than cost $200 grand plus sure... But where I'm from if you pay a house payment or rent with a comma in it we think you are crazy.

The average house payment in Missouri is $1.254.

The average monthly mortgage payment by state, city, and year

Average or Mean?

I didn't study the information but it says average.

 

[Shelzin]

I didn't study the information but it says average.

I did... It's average.

 

[pknopp]

I didn't study the information but it says average.

I did... It's average.

So most people in Missouri have a house payment with a comma in it.

 

[Shelzin]

I didn't study the information but it says average.

I did... It's average.

So most people in Missouri have a house payment with a comma in it.

Most people live in cities then. I think those people are crazy to think it's worth it. It's why I like to say "where I'm from" and not just the state. I make mistakes sometimes though.

 

[pknopp]

I didn't study the information but it says average.

I did... It's average.

So most people in Missouri have a house payment with a comma in it.

Most people live in cities then. I think those people are crazy to think it's worth it. It's why I like to say "where I'm from" and not just the state. I make mistakes sometimes though.

I imagine house payments in more rural areas are on the lower side.

 

[Shelzin]

I imagine house payments in more rural areas are on the lower side.

lol.. Yeah... Just a bit.