The USA is huge variation but in my county median household income is $70k, median home price is $370k. It's a rural area but with 2 cities within 40 miles or so. In my location travel north and income and house prices increase, travel south and they both decrease. My mortgage including taxes and insurance is $1,200 per month.
That sucks! I feel for you and your fellow Argentinians.
Does a typical football match cost a lot? I have always wondered that about the game in some of the countries where it is the most popular sporting event. How many professional leagues are there? Do you have a favorite?
Ontario here. The numbers they report are the “average” but I call bullshit. Reality Average one bedroom apartment $2500, 2 bedroom basement $1800. Utilities extra. Buy a townhouse $700-$1m. Detached $1m+. We are so fucked.
To be able to afford a 1 bedroom apartment one person must make around $80k a year. If you want to purchase a house, we’ll good luck unless your household income is over $200k and even then you’ll be scraping the bottom of the price barrel.
I'm in a college town, so... it varies wildly. You could probably rent a crack shack 10 miles from campus for basically nothing.
The floor for rent at a "decent" place is probably at least a grand. Actually buying a house? Who the fuck knows, but it'll definitely be obscene.
My university-owned apartment is $600 with a roommate, which is honestly a pretty good deal considering that utilities (including gigabit Ethernet!) are included.
Inner eastern Melbourne, Australia. Properties are bought by Chinese investors (not racist, stating a fact) for AU$1-2 million, demolished, replaced with McMansions, sold for over AU$4 million. Within ten years these garbage concrete boxes are cracking and falling apart.
Some suburbs look like McMansion ghettoes and are completely out of reach of ordinary people.
Depends on where in the country. I used to live in the Bay Area where buying a house - even a starter house - was completely unattainable, even for those that make way above the median salary. I'm a software engineer that made a shitload of money off of the sale of a startup that I worked for, and I would have needed to make more than double my salary and buyout money to afford a starter house there. So I moved to a cheaper area.
Luckily I was able to buy a modest 2 bedroom condo with pretty much every dollar ever saved with my wife almost 3 years ago. Nice walkable area too, close to the trains.
It was the height of the pandemic and prices bottomed out in the city ‘cause nobody knew if they’d be employed. All the old timers were selling to get the fresh air of suburbia. Or dying.
Just a few weeks after we closed, prices shot up again. Got super lucky.
We pay less in mortgage & taxes than rent. But it’s not cheap either way.
Our friends who bought are either paying out the ass or can’t afford a home anywhere reasonably close. Some of us are pushing 40.
Switzerland,
We pay 2’410 CHF in Rent for a 4.5 Room appartement near Zurich (Winterthur). My Wife and my wage combined gets us to about 10k a month in income.
About 15k€ per square meter. I live in Paris, France. I eventually could afford a 20 square meter studio appartement, and I'm in the top 10% of earners.
The rest of France varies wildly, you could get a small house in the middle of nowhere for 150k,but parisian real estate is way out there...
Washington State USA is expensive. I have lived in Seattle and Spokane. Both were affordable until the last 10 years and now most prices have doubled or more. The house I purchased in 2019 was $500k and the current value from some of the real estate sites puts it at almost $800K in less then 5 years.
Total bullshit but thankfully I love the house and I made out like a bandit when I purchased very low and sold very high on my first house, to be able to afford this house. It will be my forever home so I can't complain too much. Expect that when the city thinks the house is worth $800k, my taxes will reflect that even if its not worth that much.
I guess you mean how affordable? Wage vs costs? In my experience for most of western Europe: you can buy something if you're well paid, have 2 years of salary in your bank account to bridge the mortgage gap, and a ton of luck.
The USA is huge variation but in my county median household income is $70k, median home price is $370k. It's a rural area but with 2 cities within 40 miles or so. In my location travel north and income and house prices increase, travel south and they both decrease. My mortgage including taxes and insurance is $1,200 per month.
Finally! A real answer to one of these
Wage is 10k, house is 2m.
A nice house? Unattainable. A 90s RV? Possible.
House is around 500k, median annual family income is 61.4k.
Absurdly high is what they are!
Argentina
Houses and small apartments between 40K and 100K (USD)
Salaries are on average 180~250 USD
Rent is between 60 and 130 USD for one person.
That sucks! I feel for you and your fellow Argentinians.
Does a typical football match cost a lot? I have always wondered that about the game in some of the countries where it is the most popular sporting event. How many professional leagues are there? Do you have a favorite?
Mate, I really don't know anything about football haha, don't watch it at all, sorry to disappoint you.
I am disappointed!
Hahaha
you will have better luck asking guys here. usually all of them have a team that they adhere to
That's not even a question that has one answer in my neighborhood, much less the whole city. And the whole US? Forget it.
Who mentioned the US?
OP: The original wording was "...in your country".
I had a look and it so happens there are 2 properties for sale within a few hundred meters from me.
€ 200,000 for a one room apartment of 46 m²
€ 560,000 for a large apartment with balcony
The nearest house costs a bit over € 1.2 million.
I got lucky with a cheap apartment ~40m² for € 662/month (which is almost as much as minimum wage here btw). Renting till I die I guess 🤷
This sounds exactly like where I’m at lmao
Ontario here. The numbers they report are the “average” but I call bullshit. Reality Average one bedroom apartment $2500, 2 bedroom basement $1800. Utilities extra. Buy a townhouse $700-$1m. Detached $1m+. We are so fucked.
To be able to afford a 1 bedroom apartment one person must make around $80k a year. If you want to purchase a house, we’ll good luck unless your household income is over $200k and even then you’ll be scraping the bottom of the price barrel.
I'm in a college town, so... it varies wildly. You could probably rent a crack shack 10 miles from campus for basically nothing.
The floor for rent at a "decent" place is probably at least a grand. Actually buying a house? Who the fuck knows, but it'll definitely be obscene.
My university-owned apartment is $600 with a roommate, which is honestly a pretty good deal considering that utilities (including gigabit Ethernet!) are included.
Inner eastern Melbourne, Australia. Properties are bought by Chinese investors (not racist, stating a fact) for AU$1-2 million, demolished, replaced with McMansions, sold for over AU$4 million. Within ten years these garbage concrete boxes are cracking and falling apart.
Some suburbs look like McMansion ghettoes and are completely out of reach of ordinary people.
Small houses in most Florida Metro areas are in the 400k range... Multiple 3/2s in the 1500sq range are 500k+
Late last year I bought a house. 1 hour from work because I couldn't buy a house closer. It still cost 499k for 1480sq ft. My mortgage is $3600/mo
Moving closer to work and I couldn't find any similar sized homes for less than 750k and those were fixer-uppers.
Feel like numbeo is a good resource for this. Here in Dublin, Ireland it's horrendously expensive
Typical house is around 200 to 500k€. Mine was just 100k because I settled for a smaller one.
Finland
1/5th of my annual income with a degree and 6 years degree related experience. It'd be less if I could save up a down payment and get a mortgage.
A house is 1/5th of your annual income and you can't save up a down payment?
A 20% down payment for you is only 2 weeks of your salary.
You could save income of about 6 hours worth of work each week to have a 20% down payment in a year
With an FHA loan, a down payment is 0.6% of your annual income.
A 600 sq.ft condo is about $850k. On the standalone house side an older 2000 sq.ft house goes for over $2 Million.
SW Ontario, Canada
$75K is a decent salary
4 bedroom house in a nice suburb: $750K-$900K
Townhouse in a a nice suburb: $650K-850K
You can get smaller houses in less desirable neighborhoods for $400K
About 2x the cost as it is elsewhere! Also roughly half the price as somewhere else. I'd say generally housing in my area goes around market price.
A studio apartment is $3,000 a month.
Depends on where in the country. I used to live in the Bay Area where buying a house - even a starter house - was completely unattainable, even for those that make way above the median salary. I'm a software engineer that made a shitload of money off of the sale of a startup that I worked for, and I would have needed to make more than double my salary and buyout money to afford a starter house there. So I moved to a cheaper area.
Living in Seattle Washington, a nice 2 bedroom condominium goes for anywhere from 200,000-1,000,000 or more.
Where near Seattle would you find anything close to 200k
I gave a range of 200k-1 million. You can find shitty fixer-uppers for 200k
Glue the back wall of two porta-johns together. Voila! 2 rooms..... (☉｡☉)!
Obscene.
Luckily I was able to buy a modest 2 bedroom condo with pretty much every dollar ever saved with my wife almost 3 years ago. Nice walkable area too, close to the trains.
It was the height of the pandemic and prices bottomed out in the city ‘cause nobody knew if they’d be employed. All the old timers were selling to get the fresh air of suburbia. Or dying.
Just a few weeks after we closed, prices shot up again. Got super lucky.
We pay less in mortgage & taxes than rent. But it’s not cheap either way.
Our friends who bought are either paying out the ass or can’t afford a home anywhere reasonably close. Some of us are pushing 40.
200k-250k for a 2 bed and bath in the southern US
It's very hard to find a 1 bedroom apt for less than $1000. 2-3 bedrooms are at least $2k if you want modern amenities.
Unaffordable to a point that I can't even think about it - anywhere in London
Apartments are about 40 000 for like a really tiny one, around 100 000 for a 50 m2 one. Median income is like 2200 euros per month.
Switzerland, We pay 2’410 CHF in Rent for a 4.5 Room appartement near Zurich (Winterthur). My Wife and my wage combined gets us to about 10k a month in income.
$2000 bach. $2700 1bdrm $3200 2bdrm
About 15k€ per square meter. I live in Paris, France. I eventually could afford a 20 square meter studio appartement, and I'm in the top 10% of earners.
The rest of France varies wildly, you could get a small house in the middle of nowhere for 150k,but parisian real estate is way out there...
Washington State USA is expensive. I have lived in Seattle and Spokane. Both were affordable until the last 10 years and now most prices have doubled or more. The house I purchased in 2019 was $500k and the current value from some of the real estate sites puts it at almost $800K in less then 5 years.
Total bullshit but thankfully I love the house and I made out like a bandit when I purchased very low and sold very high on my first house, to be able to afford this house. It will be my forever home so I can't complain too much. Expect that when the city thinks the house is worth $800k, my taxes will reflect that even if its not worth that much.
It depends on the state. Here it's a couple hundred thousand.
Bristol, England.
A two bedroom house would probably set you back about £250k to £300k now. We're the second most expensive city behind London now.
Too damn high, MURICA.
I guess you mean how affordable? Wage vs costs? In my experience for most of western Europe: you can buy something if you're well paid, have 2 years of salary in your bank account to bridge the mortgage gap, and a ton of luck.