To afford the average two-bedroom rental in Phoenix, a person or couple would need to make $41,057, according to a new study. In San Francisco, you’d need to make $179,529. Likewise to afford payments on a median-priced home, a salary of $26,803 would do in Phoenix, but one would need to rake in an additional $100k in the City by the Bay.
That’s based on two recent studies by SmartAsset, a financial-advise website.
Phoenix is at the bottom of a list of 15 large cities in terms of income necessary to pay rent, and 10th on the list for affording the purchase of a home. The studies do not break out figures for suburbs or specific areas like the distinct communities in and around North Phoenix.
Homes for Sale in 85085, 85086 & 85087
Prickett Realty, serving Anthem & North Phoenix
The results (in two charts):
Functional, Light & Bright
Private backyard • Tile throughout • Beautiful grant slab in updated kitchen • Surround sound is ready • Space for huge TV • No pesky niches!
4 BEDS | 2 BATHS | 2-CAR GARAGE | 2,082 SQFT | $335,000
W Eastman Drive, Anthem Country Club
Call 623-297-2557 or CLICK TO LEARN MORE