Orlando ranks low (yay!) on salary vs home priceThursday, July 20, 2017
Here’s a list where we’re happy to land at the bottom: “The Salary You Need To Buy A House In 12 Major American Cities.” Citing data from the mortgage website HSH.com, Town&Countrymag.com compared Orlando to cities such as San Francisco, Boston, and New York in terms of the salary required to qualify for a mortgage and purchase a median priced home in each area. Town&Countrymag.com states that the median cost of a home in Orlando is about $201,200, meaning a salary of $47,500 a year would allow a buyer to comfortably afford a home. In San Francisco, meanwhile, the median home price comes in at $809,400, and buyers would need to make a salary of $153,000 to afford a home at that price. |
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