Thursday, November 30, 2017

Your eyes will melt when you see how much income is needed to buy a house in San Jose

The average annual income you need to buy a home in the United States is $55,390. That is already an insane amount for most of the globe. In New York City that figure doubles to $99,151. San Francisco more than triples the national average with a staggering $173,330. Unfortunately, San Jose takes the national crown in one of the few stats we don't want to dominate. Brace yourself... to buy a medium priced home in San Jose today--you should be making $216,181 each year. Oh, and that is assuming you have the capital saved up for a 20% down payment. Um, ouch!

Source: SiliconBeat

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