{"id":7858,"date":"2024-03-01T16:56:48","date_gmt":"2024-03-01T16:56:48","guid":{"rendered":"https:\/\/cherrycreek.life\/?p=7858"},"modified":"2024-03-01T18:00:09","modified_gmt":"2024-03-01T18:00:09","slug":"median-income-vs-median-home-prices","status":"publish","type":"post","link":"https:\/\/cherrycreek.life\/index.php\/2024\/03\/01\/median-income-vs-median-home-prices\/","title":{"rendered":"Median Income vs Median Home Prices"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.4.3&#8243;][et_pb_row _builder_version=&#8221;4.4.3&#8243;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.4.3&#8243;][et_pb_text _builder_version=&#8221;4.4.3&#8243;]<\/p>\n<div><span face=\"Noto Serif\" size=\"4\" style=\"font-family: 'Noto Serif'; font-size: large;\"><span>As of 2023, an American household hoping to buy a median-priced home needs to make at least $100,000 a year. In\u00a0<a href=\"https:\/\/www.visualcapitalist.com\/what-you-need-to-earn-to-own-a-home-in-50-american-cities\/\"><span color=\"#91BB46\" style=\"color: #91bb46;\"><u>some cities<\/u><\/span><\/a>, they need to make nearly 3\u20134x that amount. &#8212;<span face=\"Noto Serif\" size=\"4\"><span size=\"2\">Vis<\/span><span size=\"2\">ual Capitalist.<\/span><\/span><\/span><\/span><\/div>\n<div><span face=\"Noto Serif\" size=\"4\" style=\"font-family: 'Noto Serif'; font-size: large;\"><span><\/span><\/span><\/div>\n<div><span face=\"Noto Serif\" size=\"4\" style=\"font-family: 'Noto Serif'; font-size: large;\"><span>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\u00a0<b>Federal Reserve<\/b>:<\/span><\/span><\/div>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.4.3&#8243;]<\/p>\n<div class=\"iframely-embed\">\n<div class=\"iframely-responsive\" style=\"padding-bottom: 51.8182%; padding-top: 120px;\"><a href=\"https:\/\/fred.stlouisfed.org\/series\/MEHOINUSA646N\" data-iframely-url=\"\/\/iframely.net\/Si49M0l\"><\/a><\/div>\n<\/div>\n<p><script async src=\"\/\/iframely.net\/embed.js\"><\/script>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.4.3&#8243;]<\/p>\n<div class=\"iframely-embed\">\n<div class=\"iframely-responsive\" style=\"padding-bottom: 51.8182%; padding-top: 120px;\"><a href=\"https:\/\/fred.stlouisfed.org\/series\/MSPUS\" data-iframely-url=\"\/\/iframely.net\/e24UKMP\"><\/a><\/div>\n<\/div>\n<p><script async src=\"\/\/iframely.net\/embed.js\"><\/script>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/cherrycreek.life\/wp-content\/uploads\/2024\/03\/wall_decorating_ccl.gif&#8221; _builder_version=&#8221;4.4.3&#8243; hover_enabled=&#8221;0&#8243;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of 2023, an American household hoping to buy a median-priced home needs to make at least $100,000 a year. In\u00a0some cities, they need to make nearly 3\u20134x that amount. &#8212;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-7858","post","type-post","status-publish","format-standard","hentry","category-cherry_creek_news_cherrycreek-life_laurel_condos_retail_construction_completed"],"_links":{"self":[{"href":"https:\/\/cherrycreek.life\/index.php\/wp-json\/wp\/v2\/posts\/7858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cherrycreek.life\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cherrycreek.life\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cherrycreek.life\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cherrycreek.life\/index.php\/wp-json\/wp\/v2\/comments?post=7858"}],"version-history":[{"count":0,"href":"https:\/\/cherrycreek.life\/index.php\/wp-json\/wp\/v2\/posts\/7858\/revisions"}],"wp:attachment":[{"href":"https:\/\/cherrycreek.life\/index.php\/wp-json\/wp\/v2\/media?parent=7858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cherrycreek.life\/index.php\/wp-json\/wp\/v2\/categories?post=7858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cherrycreek.life\/index.php\/wp-json\/wp\/v2\/tags?post=7858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}