4 ms·
In Norway the median income is NOK 550 920,- and the average income is NOK 609 480,-. The average price for a home is NOK 4 483 328,-. So respectively 8,1 and 7
by Manheim 4y ago
In Norway the median income is NOK 550 920,- and the average income is NOK 609 480,-. The average price for a home is NOK 4 483 328,-. So respectively 8,1 and 7,3 times.
- Markoff 4y agoAre you quoting average income per capita or household?
- Manheim 4y agoper capita https://finanssans.no/gjennomsnittsl%C3%B8nn-i-norge https://finanssans.no/gjennomsnittsl%C3%B8nn-i-norge
- Markoff 4y agobut the article is per household, so you should slash your prices by half since household usually consist of two people, so it seems Norway has extremely cheap properties
- Manheim 4y agotrue - many households here are with double income, but you can't double the income just like that since there are many single person housholds. I find statistics that say that for all households the median after tax, is NOK 546 700 (2020). I can't find the official statistics over income before taxation. I do however, find a public research article that indicate that just under fifty percent of the poulation has a household income lower than NOK 750 000.
- sgt 4y agoAnd in Norway it's still very common for young people (25-50) to buy property. Often couples buying together, but it's almost a given that you buy instead of renting.