Reported 1 day ago
According to Bankrate, the required household income to purchase a typical median-priced home in the US has surged by 50% since 2020, now standing at $116,986. The increase reflects dramatic home price rises and growing affordability challenges for first-time buyers, with certain areas requiring over $200,000 in annual income. States like California and Hawaii top the list for the highest income requirements, while Ohio, Iowa, and West Virginia have the lowest.
Source: YAHOO