Typical American Household Income Falls $30,000 Short of Affording Median-Priced US Home, New Data Shows
The typical American household makes roughly $30,000 less than needed to afford a median-priced home in the U.S. according to a new Redfin analysis. The report released on Tuesday shows buyers need to earn an annual income of $114,000 to afford the typical home. That’s 35 percent more than the average household income of $84,072. […]