This Is the Salary You Need to Afford the Average Home in Your State

Still, you might be surprised at what you can and can’t afford on the average social. But, you’ll probably need to dip into your next month’s benefit to cover the tip for your caddie. 6 Credit.

The salary you need to afford the average home in your state (Based on a 30-year mortgage with a 10% down payment). Top 5 Places Where You Need the Lowest Salaries to Afford the Average Home. 1. west virginia: ,320 for a house worth 9,500. 2. Ohio: $38,400 for a house worth $149,900. 3. Michigan: $40,800 for a house worth $160,000.

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According to a recent report from HSH, you should. priced home in 27 metro areas. For Atlanta, the average home cost $182,800, and the average monthly payment is $950.26. That’s about a nine.

Even during an economic renaissance, many of our nation’s teachers, nurses, construction workers, mechanics, police officers and firefighters struggle – or in some cases simply cannot afford. a new.

You’ll typically need a salary of at least $54,480 to afford the average home in North Dakota.

 · You’ll typically need a salary of at least $54,480 to afford the average home in North Dakota. Ohio: $28,800. Monthly mortgage payment: $720. Monthly income needed: $2,400

The value of the home you want to buy combined with the size of your income and deposit, plus the state of your. The amount of deposit you need depends on two key factors: how much is the home you.

As home prices continue to soar in the Boston area, how much do you need to make to afford a home when factoring in interest. Don’t Edit Images Money / Flickr Nationwide, an average salary of.

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This Is the Salary You Need to Afford the Average Home in Your State Before you buy a home, it’s important to find out if you can afford the monthly mortgage payment . To do this, some financial experts recommend your housing costs – primarily your mortgage payments – shouldn’t consume more than 30 percent of your monthly income.

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How do I factor my need. your geographic location. Call your local library and ask the information desk if they have recent salary statistics for your occupation. Some of the data may be 2-3 years.

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Average salary listed at 68,000. No way, should be much higher. The forcloser rate is very high here because the people who are making this average salary of approx $68,000.00 are way in over thier heads.