Okay. Let’s go local on a market. Chose San Antonio because it’s been fairly steady over the years and has a decent cost of living compared to other places…
Average Salary: approx $55,000
Average Home Price: approx $300,000
So you would still need 5.5 years for a home compared to just over 2 years. And that’s assuming the gross, not net and entire paycheck. You can still pick most places in the US that are out in rural nowhere and the inflation is plainly obvious, it’s just the degree may change a bit.
Okay. Let’s go local on a market. Chose San Antonio because it’s been fairly steady over the years and has a decent cost of living compared to other places…
Average Salary: approx $55,000 Average Home Price: approx $300,000
So you would still need 5.5 years for a home compared to just over 2 years. And that’s assuming the gross, not net and entire paycheck. You can still pick most places in the US that are out in rural nowhere and the inflation is plainly obvious, it’s just the degree may change a bit.