5 ms·
I guess I do, but in academia (and in Europe). Is it different in the U.S.? How many years worth of a professor salary do you need to buy a house in a major
by enriquto 5y ago
I guess I do, but in academia (and in Europe). Is it different in the U.S.? How many years worth of a professor salary do you need to buy a house in a major city?
- ericmay 5y agoIt really depends on the city, but I'd say in most major metro areas in the U.S. average home price is going to be $300,000 or so.
- edoceo 5y agoZillow says Seattle is over $800,000. Can't find salary info for UW (the big university). Tech-folk making $150,000+
- the_only_law 5y ago> Can't find salary info for UW (the big university). In most states the salaries of state employees (at least over a certain amount) are available. Since UW is a public school you should be able to find them here: http://fiscal.wa.gov/salaries.aspx http://fiscal.wa.gov/salaries.aspx Filtering by UW employees I can see at least one professor making $627k in 2019, and I imagine there are lower tier professors making a fraction of that (some associate professors making < $100k).
- ericmay 5y agoI would consider Seattle an outlier. Look at Indianapolis, Nashville, Columbus, Pittsburgh, etc.
- gnicholas 5y agoUniversities in expensive cities tend to have housing-specific perks because otherwise recruiting/retention would be very difficult. One school we considered allows faculty to forego $30k/yr in salary in exchange for a beautiful home they can live in as long as they teach there. The school will customize the home to the professor’s liking, perform all maintenance (down to the lightbulbs), and pay all property taxes.
- Koshkin 5y agoDepends on the price of the house in a major European city (which could be pretty high, I imagine).