These are the 6 U.S. cities where it's easiest to buy a home on an average salary. (via CNBCMakeIt)
, Unison calculated how long it would take to save enough for a 20% down payment in various cities across the U.S. based on the median income and median home values in each place. To determine how many years you'd need to save, Unison assumed a savings rate of 5% of your gross income per year.
From that data, a handful of cities stood out as the most affordable for the average worker: "Among major cities in the U.S., these six areas have the most favorable home value to income balance, making home ownership relatively more affordable for a typical wage earner," the report says. Below, check out how long it would take to afford a down payment in the six U.S. cities where it's easiest to buy a home on an average salary, ranked from longest to shortest period of time.Median home value: $164,291
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