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The Delicious Life of Ina Garten, The Barefoot Contessa

The Average Income Needed To Afford A Home In The US Today Exceeds The Average Income By Tens Of Thousands Of Dollars

The average American wage earner needs to earn tens of thousands of dollars per year more than in the past to afford the average house in America. According to the U.S. Census, the average American household income in 2022 was $74,580. The average home price is $431,000, according to the Federal Reserve Bank of St. Louis. Benzinga looks at why both of those averages spell trouble for the housing market. A 20% down payment on a $431,000 house would be around $86,000 and leave roughly $345,000 in

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