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Homes "unaffordable" in 99% of nation for average American (www.cbsnews.com)

submitted 11 months ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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[–] Maggoty@lemmy.world 20 points 11 months ago (2 children)

It's worse than the headline says. The study set 71k as the average US income for a single person...

Which is the official household number. The actual single income average is 50-60k.

[–] Doxatek@mander.xyz 3 points 11 months ago (2 children)

This still seems high to me, damn. In my town average household income is 30k lol. Even surrounding "nice" towns aren't that much higher

I guess there's places where people must make so much money

[–] Maggoty@lemmy.world 2 points 11 months ago

Oh definitely these are national numbers. Even just state by state starts to vary a lot

[–] Redditgee@lemmy.world 2 points 11 months ago (1 children)

West Virginia, or something?

[–] Doxatek@mander.xyz 2 points 11 months ago

Lmao rural Illinois

[–] SendMePhotos@lemmy.world 2 points 11 months ago (1 children)

The heck? A ton of my friends are making like 40k... I guess they're still within the bell average.

[–] Maggoty@lemmy.world 2 points 11 months ago

Oh that's the fun part. Everyone discusses mean and median. Mode is in the 35-40 range last I tracked it down. (it wasn't easy to find and I have my theories about why)