Personal Finance

3861 readers

1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago

MODERATORS

[email protected]

287

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

submitted 1 year ago by [email protected] to c/[email protected]

100 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 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...

[–] [email protected] 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.

[–] [email protected] 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.

[–] [email protected] 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.