Latest Breaking News On - Tricia daniel - Page 4 : comparemela.com

The Income Needed to Afford Home Payments in 15 Cities The Income Needed to Afford Home Payments in 15 Cities Here s a look at how much income you need each year to own a home in the country s largest cities. This story originally appeared on SmartAsset.com. Housing costs eat up more of the average American’s salary each month than any other single expense, reaching about one-third of average expenditures in 2019, according to data from the U.S. Bureau of Labor Statistics. And while homeownership is coded into the DNA of the American dream, buying a home isn’t easy for many. Car payments, student loans, credit card bills and other debts can make it difficult to qualify for a home loan and keep up with mortgage payments. That’s why SmartAsset analyzed data from the 15 biggest U.S. cities to estimate how much money you will need to make and not exceed the recommended 36% debt-to-income ratio to afford monthly home payments.

New yorkUnited statesNorth carolinaFort worthSan diegoSan antonioBarbara smyers shutterstockNicholasgeraldinephotos shutterstockTricia daniel shutterstockJon bilous shutterstockSuzanne tucker shutterstockLos angelesAndriy blokhin shutterstockLos angeleUs bureau of labor statisticsSan jose