Thursday, January 21, 2016

How much a home costs in California in 2016

The survey by Finder.com reports that the two cities wherein you need to earn the most money to buy a home are in California.

  • To buy a home in San Francisco, a salary of 180,000 is required to
    buy an average home costing around 1,100,000.

  • To buy a home in San Jose, a salary of 130,000 is required to buy an
    average home costing around 800,000.

  • To buy a home in Sacramento, a salary of 57,000 is required to buy an
    average home costing around 250,000.

That doesn’t exactly sound right. I guess if they’re assuming the buyer has 20% down already in savings, have no other debts, no kids, and like to eat ramen from Dollar Store every night.

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