3 ms·
While that is technically accurate, a "working class" person living in an area where there is $128/sqft homes is not making enough to afford a 6,700 sq ft home
by syshum 5y ago
While that is technically accurate, a "working class" person living in an area where there is $128/sqft homes is not making enough to afford a 6,700 sq ft home...
So sure you may be able to say working class in some other area makes enough to afford a similar PRICED home in their area, but that similar priced home in say LA would be 1/3 the size
The median income in Omaha is 32,305 (USD) going off even 4x income to debt ratio that would be a home price $129,220 or about 1,000 sq foot, not too far off the average home size of 1300-1500 for a normal ranch home