How much should I earn to buy a house in 27 US cities
Фото: Depositphotos
Портал HSH.com conducted a study in 27 US cities to find out how much local people need to earn in order to afford a home purchase.
This data includes total expenses for the purchase of real estate, as well as tax and insurance payments to the average house.
You need to earn the most in San Francisco - $148 thousand per year. Next on the list are: San Diego ($103 thousand), Los Angeles ($95 thousand) and New York ($86 thousand).
In sixth place is Washington ($78 thousand), rounding out the top ten is Miami ($63 thousand). Among the outsiders are Cleveland, Ohio (32,5 thousand), and Pittsburgh, Pennsylvania (31 thousand).
The largest increase, compared to last year, occurred in the Orlando, Florida metropolitan area - almost 14%, followed by Denver, Colorado - 12,3%.
Reportedly, in the fourth quarter of last year, mortgage lending rates fell in all cities in which the survey was conducted, and the price of home ownership increased in 24 from 27 cities. The exceptions were New York (-0,39%), Washington (-0,32%) and Cincinnati, Ohio (-1,09%).
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