According to a recent study from Zillow, the typical "starter home" is worth at least $1 million in 237 cities, the highest number of cities ever. Plus, almost half of those cities are in California.
To clarify, $74k is the median household income and not salary. Median salary in the US is $37k. Median salary in California, where half of the cities mentioned in the article are, is just shy of $40k.
To clarify, $74k is the median household income and not salary. Median salary in the US is $37k. Median salary in California, where half of the cities mentioned in the article are, is just shy of $40k.
I am pretty sure those are pre-covid numbers.
median is now like 45k. still unlivable in most of the country tho.
My numbers were from 2022 census. Estimates put US median at $59k and California at shy of $85k for household.
Maybe for full time employed adults between ages 25-65