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Title: The Salary Needed To Buy A Home In 50 US Cities In 2024
Source: [None]
URL Source: https://www.zerohedge.com/personal- ... ded-buy-home-50-us-cities-2024
Published: Jul 25, 2024
Author: Tyler Durden
Post Date: 2024-07-25 01:22:36 by Horse
Keywords: None
Views: 26

In 2024, the median salary for the typical American home buyer has risen to $104,339 - up from $88,000 just two years prior.

Despite record-high home prices, housing demand continues to outpace supply, even with mortgage rates at their highest in over a decade. As one bright spot, housing inventory is steadily increasing, with the number of homes for sale up almost 19% in May compared to the previous year. This growth in inventory could help ease the cost of home ownership looking ahead.

This graphic, via Visual Capitalist's Dorothy Nuefeld, shows the salary needed to buy a home across the 50 largest U.S. metropolitans in 2024, based on data from Home Sweet Home.

(1 image)

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