Sentences with phrase «average household income needed»
Not exact matches
«Indeed, the median household currently has just over 150 percent of the income needed to buy a median - priced home, which compares to a long - run average of 125 percent,» wrote researchers at Capital Economics in a monthly report on the U.S. housing market.
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The presence of the Platinum made us wonder why Toyota needed that model, as well as the newly refreshed, Japan - built Land Cruiser, and the answer is that they seem to appeal to two separate markets: Land Cruiser buyers have an average household income of $ 237,000.
In Windsor, Ont., it turns out, a family needs barely two years of average household income to buy a home; in Vancouver, a family needs seven.
«But the average business owner usually needs all the income generated from the business to pay household expenses,» explains Heath, «and to benefit from this tax cut money must to be left in the business.»
Based on our calculations, with a down payment of 21 % (the national average), a 25 - year amortized mortgage and an interest rate of 3 %, a family needs a gross household income of at least $ 116,000 in order to afford a single - family detached home in Calgary's city centre.
The average grant was estimated to cover less than half of the average home heating costs for a household this winter, meaning that many low - income families and seniors had fewer resources available to meet other basic needs.
The average household would need annual income of $ 111,260 to qualify for a fixed - rate mortgage for the median - priced home in the state, according to the California Association of Realtors.
Leverage neighbourhood demographics reports to tell your client everything they need to know about who lives in a particular neighbourhood, including average income, types of household, ages in household, family structures, religions, schools, transit and more...
«The average two - person Austin household, earning the area's median income of $ 65,100, falls well short of what is needed to afford the median home price in Central Austin, according to mortgage calculations.