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

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.
Topics:business#city-comparison#cost-of-living#housing-affordability#income-requirements#real-estate#zillow
- Income Required To Afford A Typical Home By City In 2024 Financial Samurai
- Households Must Make $200K a Year to Afford Typical San Diego Home Times of San Diego
- How much do homebuyers need to earn to buy a typical house in Portland? New Zillow report released KOIN.com
- Homebuyers need to make 80% more than in 2020 to comfortably afford a home Fox Business
- Average Houston home buyer needs 70% more income than in 2020, study finds CultureMap Houston
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
10 min
vs 11 min read
Condensed
96%
2,045 → 85 words
Want the full story? Read the original article
Read on Financial Samurai