Salary & Home Affordability by State

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knight1fox3

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Some interesting stats. We put 12% (30-yr) down initially on our home in WI.

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I wonder if the "average home" is comparable for each state (sq ft, brs, ba, lot size, etc.)

 
I don't even live in the expensive part of California! @leggo PE may have to moonlight making waffles at Pier 39.
Might need to, yeah, open a bakery. My menu would have sourdough bread, wholewheat sourdough bread, sourdough pretzels, and if I get my act together, sourdough bagels and pizza dough.

 
Except the bar for sourdough here is also exceptionally high.

Which reminds me, I had some sourdough bread as toast at my friends' spot in VT over the past weekend and WOW it's nothing like the sourdough I make. Such a closed crumb!

And to bring it back to the original post, they own their house and it's quite a nice one!

 
Might need to, yeah, open a bakery. My menu would have sourdough bread, wholewheat sourdough bread, sourdough pretzels, and if I get my act together, sourdough bagels and pizza dough.
Will you have any GF options available? :D

 
Median home value in Iowa is $137k, vs Sacramento CA @ $313k.  That is not even comparing size, quality, etc.  When we bought our first home 15 years ago, we made well over the $44k salary needed to buy the average home, but spent less than the average home cost.  Only put down 5%.  It felt tight for a while.  New house is well over the average, but then again we are now a 2 engineer family, and aren't poor anymore.  The second load to buy the adjacent property.... well, it will be tight again for a while.  :)

 
Arizona's average?
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This graphic shows some of our sticker shock when we moved from GA to CO - but I guess they use the statewide average?

I think If I moved back to ATL the houses have gone up just as much if you want to be in a decent suburb, only difference is you would get more SF for your buck than here.

Utah is a little suprising? I always heard SLC was a fairly affordable place to live if you can put up with the Mormons running the town..

 

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