these are five cities where you can still afford a home on a $75,000 salary
that’s the medium annual income in the United States
if you make that on the east or West coast
you already know that you can’t afford a home there
in fact it’s cheaper to rent
but any one of these cities you can still afford a home on 75 k
assuming you’re not spending more than 28% of your salary on housing costs
No.5 is Louisville Kentucky
where the median house cost 262,000
which means you need to make about $69,000 a year
No. 4 is Detroit where the median house cost 240,000
which means you need to make 68,335
the trade off of a lot of these cities is
the high paying job opportunities are not as plentiful as other places
some of these cities are considered dangerous
Detroit being a prime example
median house cost 241,000 in Saint Louis
Missouri which means you need to make 68,240
considering 6.75% interest rates and 20% down payment
Pittsburgh is actually a decent place to live in my opinion
if you can stomach the winters
the median home price cost $207,000 a year
which means your household income would need to be slightly over 59,000
and in the most affordable city
the median home price is $191,000
which means your household income would need to be 58,403 a year
it’s another place of brutal winters and is considered somewhat dangerous
however like most cities
there’s some neighborhoods that are worse than others
so take that into account if you’re considering moving to one of these places