To Afford a Home in the U.S., You Need an Income of $108,000
A household now needs to earn $107,700 annually to afford a new single-family home, including property taxes and insurance, according to a recent Oxford Economics report. This marks a sharp increase from 2019, when the required income was just $56,800. The report paints a stark picture of the growing affordability crisis, showing that only 36% […]