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Smartasset Study

All articles tagged with #smartasset study

finance1 year ago•2 min saved

"Comfortable Living: Income Requirements in Major U.S. Cities"

A study by SmartAsset revealed that a single adult in Atlanta needs to make an hourly wage of $51.66 or an annual salary of $107,452.80 to live comfortably, ranking the city towards the bottom of U.S. cities. The study analyzed the salary needed for a cozy lifestyle in 99 different metropolitan areas based on the 50/30/20 budget rule. Additionally, it highlighted the top 5 cities with the lowest and highest salaries needed to live comfortably, with Houston, Texas, requiring the lowest and New York City, New York, requiring the highest.

via FOX 5 Atlanta|

#atlanta #cost-of-living #finance

business2 years ago•2 min saved

The Varied Definition of Middle Class Across US Cities.

A SmartAsset study has found that Arlington, Virginia, has the third-highest cost to be in the middle class in the US, with a median household income of $125,651. The study used census data to determine the median household incomes for 2023 in the US, with Maryland and DC topping the list. The study comes as the middle class is getting smaller, with over a 10% drop in those who fit the middle-class designation over the past 50 years.

via WTOP|

#arlington #business #dc-region

real-estate2 years ago•4 min saved

"Top and Bottom US Housing Markets for Value and Growth"

Markets in Michigan and Ohio rank among the worst for home value growth and stability, according to a SmartAsset study. The study took stock of 400 US housing markets and the amount the values of homes increased over the past 25 years. Flint, Michigan ranks worst in the country, according to the study. Home values have increased by as little as 70% since 1998 in some of the worst markets, slower than the pace of inflation. The study took into account how many fiscal quarters a home value decreased by more than 5% in the 10 years after a home was purchased.

via Business Insider|

#home-value #midwest #real-estate

real-estate2 years ago•1 min saved

"Hot and Not: Housing Market Trends in Illinois, Phoenix, and Austin-Round Rock"

A recent study by SmartAsset analyzed 400 U.S. metropolitan areas and measured the growth of home value since 1998. While home values on average grew 154% from the start of 1998 through the end of 2022, price growth was significantly stunted in the country's bottom 15 metropolitan areas, six of which are in Illinois. Five of the bottom six cities are in Illinois, with Montgomery, Alabama seeing the smallest amount of growth in home value at just 59.6%.

via NBC Chicago|

#growth #home-value #illinois