Sounds about right to me.
In my area, the median home price was $240K, and the annual income required to buy a median house is $76K. Although my area does have a high median annual household income, an average house is too expensive for the average household. Sigh.
In my area, the median home price was $240K, and the annual income required to buy a median house is $76K. Although my area does have a high median annual household income, an average house is too expensive for the average household. Sigh.
