American middle class(Buying a House)?

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JoaoPedro7

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#1  Edited By JoaoPedro7
Member since 2020 • 96 Posts

I was reading about social and economic things and I figured out that the US have a lot of problemas with buying houses and apartments. They are very expensive in many areas except in Detroit, for some economic reasons. But anyway, I was thinking about how much money I need to do for month or year, to buy a simples 300 thousand dolars.

Well, I'd like to know by you people that lives in USA, what kind of houses are considered a middle class houses in your city/state. 400k ? 500k ? 600k ?

How much money do you need to earn monthly/annualy to buy a middle classe house??

Please, send some pictures if possible.

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GoldenElementXL

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#2 GoldenElementXL
Member since 2016 • 5990 Posts

Why are you calling out Detroit like that?

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JoaoPedro7

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#3 JoaoPedro7
Member since 2020 • 96 Posts

@goldenelementxl said:

Why are you calling out Detroit like that?

Detroit is cheaper

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GoldenElementXL

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#4 GoldenElementXL
Member since 2016 • 5990 Posts

@joaopedro7: There are plenty of cities in Michigan that are cheaper. And if we cherry-pick the “bad” areas of Detroit, sure the numbers look low. But there plenty of spots in Detroit that none of us could afford

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comp_atkins

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#5 comp_atkins
Member since 2005 • 37252 Posts

i think anywhere from the mid-200s to 600's i'd consider middle class where i live, but that is something that is going to vary widely based on location and what people consider "middle"

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SUD123456

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#6  Edited By SUD123456
Member since 2007 • 6168 Posts

Impossible question to answer as the variation is huge on what you can get at any price level depending upon location. You are much better off describing what you are trying to achieve and what your employment situation would look like. If your job necessitates living in a major city then your answer is going to be completely different than a smaller city and both are going to be different depending upon which state, etc. Then there is rural vs urban to begin with. Along a coast vs in the heartland. Etc. Etc.

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shellcase86

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#7 shellcase86
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@SUD123456 said:

Impossible question to answer as the variation is huge on what you can get at any price level depending upon location. You are much better off describing what you are trying to achieve and what your employment situation would look like. If your job necessitates living in a major city then your answer is going to be completely different than a smaller city and both are going to be different depending upon which state, etc. Then there is rural vs urban to begin with. Along a coast vs in the heartland. Etc. Etc.

This.

Non-Americans, especially Europeans, underestimate the size of the U.S. as well as the variations in costs of living and wages such a geography offers. You wouldn't compare what 300,000 euros would get you in Berlin compared to the rural areas of Greece, right?

That stated, in my region (Southeast U.S.) you can easily get a middle-class house $200-$300k in most areas just outside of major metro areas.

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mrbojangles25

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#8 mrbojangles25
Member since 2005 • 50537 Posts

US is very diverse in terms of economy and living situation, good and bad.

It's not an easy thing to answer. Find out what you want to do for work, find out what region you want to live in, then narrow it down from there.