In most US cities, buying a home now requires a six-figure salary. A household needed to earn $107,700 to afford a new single-family home and pay property taxes and insurance costs in the third quarter of this year, according to a new report from Oxford Economics. That’s nearly double the household income of $56,800 needed to afford a new home in 2019.

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You need to make $108,000 to afford a home in America

Want to buy a home in the United States? Well, think about it only if you earn at least $1,08,000 (around Rs 91.15 lakh) or more, a report said.

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How Much Money Do You Need To Afford A House In US

In most US cities, buying a home now requires a six-figure salary.

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By Samantha Delouya, CNN (CNN) — In most US cities, buying a home now requires a six-figure salary. A household needed to earn $107,700 to afford a new single-family home and pay property taxes and insurance costs in the third quarter of this year, according to a new report from Oxford Economics. That’s nearly double

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By Samantha Delouya, CNN (CNN) — In most US cities, buying a home now requires a six-figure salary. A household needed to earn $107,700 to afford a new single-family home and pay property taxes and insurance costs in the third quarter of this year, according to a new report from Oxford Economics. That’s nearly double the household income of $56,800 needed to afford a new home in 2019. The report highlights just how difficult it has become, in a …

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The most affordable cities were largely in the Midwest and its surrounding areas, including Cleveland, Louisville, Detroit and St. Louis.

You need to make $108,000 to afford a home in America

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