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Honored Contributor
lolakimono
Posts: 54,451
Registered: ‎03-29-2012

Salary You Need to Afford the Average Home in Your State

‎04-12-2018 07:31 PM

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Honored Contributor
software
Posts: 9,305
Registered: ‎06-08-2016

Re: Salary You Need to Afford the Average Home in Your State

[ Edited ]

‎04-12-2018 07:41 PM - edited ‎04-12-2018 07:42 PM

I live in Alabama, that figure looks right to me

 

I think $40,000 would be the lowest for a mortgage, if you make less you can probably find an unconventional deal, like a rent-to-own

 

Alabama has some of the lowest property taxes in the country, that helps as well.

 

 

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Honored Contributor
I am still oxox
Posts: 15,471
Registered: ‎03-09-2010

Re: Salary You Need to Afford the Average Home in Your State

‎04-12-2018 07:49 PM

I live in NY, and the $91,000 is an aerage since upstate is much cheaper than Scarsdale

Stop being afraid of what could go wrong and start being positive what could go right.
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Annabellethecat66
Posts: 30,239
Registered: ‎03-12-2010

Re: Salary You Need to Afford the Average Home in Your State

‎04-12-2018 07:50 PM

I live in Northern Va and I know the cost of living is very, very expensive.

 

Most people who retire and live in Va move to North or South Carolina, anywhere out of Va.

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Honored Contributor
Drythe
Posts: 13,775
Registered: ‎07-09-2011

Re: Salary You Need to Afford the Average Home in Your State

‎04-12-2018 07:50 PM

Here in NC it varies widely on what you consider average, and the area in which you wish to live.

"Animals are not my whole world, but they have made my world whole" ~ Roger Caras
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StylishLady
Posts: 3,336
Registered: ‎03-11-2010

Re: Salary You Need to Afford the Average Home in Your State

‎04-12-2018 07:55 PM

We moved from central NY to southwest Florida in 2001. We own our own home after paying off the 15 year mortgage. Our fixed income (pension + social security) is below the Florida average. We are doing OK. 

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NicksmomESQ
Posts: 7,637
Registered: ‎08-19-2014

Re: Salary You Need to Afford the Average Home in Your State

‎04-12-2018 07:55 PM

    I live east of NYC. $91,000 doesn’t even come close if you want a nice house.Maybe a starter. The cost of living is very high here.Young people are leaving, moving south where they can buy a big new house for a lot less.

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chihuahuamom
Posts: 805
Registered: ‎06-25-2015

Re: Salary You Need to Afford the Average Home in Your State

‎04-12-2018 08:07 PM

I live in so. California.  This salary seems right if you live a number of miles east of Los Angeles. Any closer, and you couldn't afford a shack.

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ccassaday
Posts: 6,656
Registered: ‎10-21-2010

Re: Salary You Need to Afford the Average Home in Your State

‎04-12-2018 08:12 PM

I live in IN. That seems right. 

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GCR18
Posts: 17,892
Registered: ‎07-03-2013

Re: Salary You Need to Afford the Average Home in Your State

‎04-12-2018 08:20 PM

My idea of medium must be different than on the map.  Think the salaries on the map seem low.

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