Quick Google search will show that the recommended income to take a mortgage on the average US home is just north of 107k/year. Median US income is hovering around 33k and mean is just north of 70k. Only 18% of US citizens make over 100k a year. Less than 1/5 US citizens can even afford to go into debt for a home.
Quick Google search will show that the recommended income to take a mortgage on the average US home is just north of 107k/year. Median US income is hovering around 33k and mean is just north of 70k. Only 18% of US citizens make over 100k a year. Less than 1/5 US citizens can even afford to go into debt for a home.