Most Americans need to earn at least $117,000 to afford a home, according to a Bankrate study. In Georgia, the average income required is $101,448, a significant increase from $60,000 in January 2020. The study indicates that income requirements rose by over 50% in more than half of the states due to higher rates and increased demand. In Georgia, the average mortgage payment is nearly $2,000, with a median home sale price of $368,900.
Continue to full article
