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Salary Needed To Buy a Home In The US (reddthat.com)

submitted 1 year ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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[–] AlecSadler@sh.itjust.works 7 points 1 year ago* (last edited 1 year ago) (1 children)

The median household income in Portland, OR is $78k and the salary needed to afford a house is $136k?

Yup, sounds about right.

edit: Looks like I should consider moving to Pittsburgh...

[–] pingveno@lemmy.ml 2 points 1 year ago (1 children)

My husband and I recently bought a house here in Portland. We're on two software engineers' salaries with no kids so we can very much afford it, but it would have been a squeeze without an inheritance from my grandparents. It's times like these where I truly appreciate the ubiquity of privilege. If they had been your average Black citizen, they would not have been given the opportunities to accumulate the wealth that I then inherited.

[–] AlecSadler@sh.itjust.works 1 points 1 year ago (1 children)

Welcome to Portland! Software engineer myself. If you two ever want to grab a drink and commiserate, let me know.

[–] pingveno@lemmy.ml 1 points 1 year ago

I'd love to! To be clear, we've both lived in Portland our whole lives. This is just the first time we've owned a home.