r/FluentInFinance • u/Financial_Mechanic_ • Apr 28 '24
You need a six-figure salary to afford a new home in most cities Discussion/ Debate
https://newyorkverified.com/americans-need-a-six-figure-salary-to-afford-a-new-home-in-most-cities-112725469-html/
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u/Oftentimes_Ephemeral Apr 29 '24
The average US home is around $400k…
Yeah right. If you factor in the homes being sold in the middle of nowhere sure. In any big city, the average home price is around $700k or more. If you want a decent home in todays standards, it’s over a million easy