Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 11 months agoWhy Americans feel gloomy about the economy despite falling inflation and low unemploymentapnews.comexternal-linkmessage-square212fedilinkarrow-up1318arrow-down18
arrow-up1310arrow-down1external-linkWhy Americans feel gloomy about the economy despite falling inflation and low unemploymentapnews.comLee Duna@lemmy.nz to News@lemmy.worldEnglish · 11 months agomessage-square212fedilink
minus-squareFlowVoid@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down2·10 months agoThe median income for a single-income family is $78K. That’s enough to afford a house that costs $310K-$390K.
minus-squareicydefiance@lemm.eelinkfedilinkarrow-up1·10 months agoThe average individual income in Michigan, where houses are actually selling for around $300k, is $34,768. https://www.census.gov/quickfacts/fact/table/MI/INC110221 That doesn’t give the median, but it’s lower. Those numbers are always thrown off by a few rich people.
The median income for a single-income family is $78K. That’s enough to afford a house that costs $310K-$390K.
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The average individual income in Michigan, where houses are actually selling for around $300k, is $34,768. https://www.census.gov/quickfacts/fact/table/MI/INC110221
That doesn’t give the median, but it’s lower. Those numbers are always thrown off by a few rich people.