As of 2023, an American household hoping to buy a median-priced home needs to make at least $100,000 a year. In some cities, they need to make nearly 3–4x that amount. —Visual Capitalist.
The median household income in the country is currently well below that $100,000 threshold. To look at the trends between median incomes and median house prices through the years, we charted their movement using the following datasets data from the Federal Reserve:
