Salary needed to afford average home price in each state

Having lived in and purchased homes in a number of those states I'm gonna have to call bullshit absent a look at the underlying data. MT is more than NJ? Seriously?
 
Sig said:
Having lived in and purchased homes in a number of those states I'm gonna have to call bullshit absent a look at the underlying data. MT is more than NJ? Seriously?
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NJ isn't just Short Hills -- it includes Camden, Trenton, Newark. And the Mountain West has become desirable in recent years.
 
RRY16 said:
Worthless information.
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I would agree that the information is not terribly useful without any information about distribution of home prices and incomes. Comparing these numbers with income distributions across the country is, however, heartening to landlords everywhere.
 
truetype said:
NJ isn't just Short Hills -- it includes Camden, Trenton, Newark. And the Mountain West has become desirable in recent years.
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Yeah, it's exhibit A on why averages are pointless. CA is another great example; you need an income of $700K to buy an average home in the Bay Area but only $70K to buy one in Stockton or one of the mid-valley towns, and the average cited probably isn't the actual value in any single spot in the state.
 
Lol, This article is humorous at best. These properties carry a hidden elements, such as far from jobs, may carry high taxes or in neighborhoods that you wouldn't want to live in. The list is long but not entirely negative, It does depend on the persons needs.
 
truetype said:
NJ isn't just Short Hills -- it includes Camden, Trenton, Newark. And the Mountain West has become desirable in recent years.
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If you look at those specific areas they are close to the job markets, The commute to higher paying jobs is huge in NJ.
 
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