"2024 Home Affordability: Income Requirements Soar in Major Cities"

1 min read
Source: Financial Samurai
"2024 Home Affordability: Income Requirements Soar in Major Cities"
Photo: Financial Samurai
TL;DR Summary

Zillow's study reveals the income needed to afford a "typical home" in various cities, with San Jose requiring the highest at $454,296 and Pittsburgh the lowest at $58,232. The article discusses the affordability of living in expensive cities, emphasizing factors like lifestyle, weather, and income potential. It also explores the author's personal experiences and considerations when contemplating a move to Honolulu. The piece concludes by suggesting that investing in more affordable cities may be a long-term trend and recommends diversifying investments through platforms like Fundrise.

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