Home Buying in the US: Is Pittsburgh a STEEL?

🏠💭Dreaming of retiring as a renter and taking the dive into homeownership?

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🥩Depending on where you live, you might need to beef up that salary of yours. But in one PA city, homeowners can get a big bang for their buck. 

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A recent study figured out how much you'd need to make each year to buy a home in 50 different US cities. Pennsylvania topped the list in one special way. Spoiler alert: catch the next train to Pittsburgh. 🚂

Here’s Five Fast Facts on the cost of home buying In PA and across the USA:

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1. 💛🖤Go Steelers! - Pittsburgh, PA is one of the three US cities with the smallest salary needed to buy a home ($42,858). Also on the list were Cleveland, Ohio ($45,448) Oklahoma City, OK ($45,299).
2. 💸 Coast To Coast - Want to buy a home in San Diego, Seattle, or Boston instead? You'll need to make about $100K a year...
3. 🏡 Middle of The Road - ...However, in New Orleans, LA, Birmingham, AL, or Memphis, TN, you can get yourself a humble abode with a salary of under $60K.
4. 🤺Battle Royale -  Homebuyers in PA and around the country are complaining of huge competition when it comes to snagging their dream dwelling. And climbing interest rates aren't making it any easier.
5. 🏙️ Home Sweet Home - According to the Census Bureau, as of April of this year, the rate of home ownership in the U.S. was 65%.
   
   

🔥Bottom line: Homeownership is a major step when it comes to #adulting. Having enough moolah to afford it is super-important. While it's great that you don't need a high salary to call Pittsburgh home, competition is still high and folks in some areas are going head to head with other eager buyers. Will inflation ever cool down? Here's to hoping!

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Do you live in Pittsburgh or are you planning to buy a home in the Steel City?

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