How Much Salary Do You Need?

The mortgage website HSH.com posted an interesting article this week in which it estimated the salary needed in order to afford a house (including principal and interest, taxes and insurance) in 27 U.S. cities. With the average home price at $359,900 (up 3.5% from last month and 8.2% from this time last year) and a monthly mortgage of $1752.29, Seattle ranked 7th among major U.S. cities. Want to own an average home in Seattle? You'll need to aim for a salary of $75,098.06.

To see how we compare to the other 26 cities, check out the article here.

 

Posted on December 4, 2014 at 11:53 pm
Shannon Woodward | Category: All Around the Sound

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