return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 13 hours agoStudy: Hopeful homebuyers need income of nearly $117,000 to afford typical home in U.S.www.bankrate.comexternal-linkmessage-square19fedilinkarrow-up1133arrow-down11
arrow-up1132arrow-down1external-linkStudy: Hopeful homebuyers need income of nearly $117,000 to afford typical home in U.S.www.bankrate.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 13 hours agomessage-square19fedilink
minus-squarestinky@redlemmy.comlinkfedilinkEnglisharrow-up31·edit-212 hours agoright. yeah. we know. and how many Americans have a 6-digit salary? It’s not “more than half”.
minus-squareshalafi@lemmy.worldlinkfedilinkEnglisharrow-up11·9 hours agoThe median US salary is ~$62K.
minus-squareHubertManne@piefed.sociallinkfedilinkEnglisharrow-up15·11 hours agoalso the average is going to lean cheap rural. cities are all going to be above this and major cities majorly more.
minus-squarethesystemisdown@lemmy.worldlinkfedilinkEnglisharrow-up4·edit-210 hours agoIt would be nice to be able to review their methodology. Averages are often pointless metrics. They don’t even hint at how they arrived at ‘typical.’ Edit: My bad. They define typical as $418,489.
right. yeah. we know. and how many Americans have a 6-digit salary? It’s not “more than half”.
The median US salary is ~$62K.
also the average is going to lean cheap rural. cities are all going to be above this and major cities majorly more.
It would be nice to be able to review their methodology. Averages are often pointless metrics. They don’t even hint at how they arrived at ‘typical.’
Edit: My bad. They define typical as $418,489.