this post was submitted on 18 Oct 2023
287 points (96.7% liked)
Personal Finance
3828 readers
1 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They should have also included some rural areas' home buying prices for perspective against the absurd cost of living in a large city.
Here's my data to add to the list: bought my house last decade in a rural area, while I was making about $45000 annually, mortgage cost per month is literally off the chart at under $800/mo.
Because the title of the post is "Salary Needed To Buy a Home In The US"
"The US" is a very large country with more rural area than large cities, and there is opportunity for a much lower cost of living out there that people should know about.
Why? Almost no one lives in the rural areas. (Oh look, it's another electoral college joke.)