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Withhousing pricesrising faster than incomes, how realistic is this dream for each generation?
Next, find outhow millennials and Gen Z afford housing in 2025.
They were born between 1981 and 1996.
How Much Income Do you oughta Afford a Home?
So, whats the real answer to this question?
Well, that depends.
Heres an example based on some average assumptions.
According to Zillow, the average home value in the United States is $361,263.
With a 20% down payment of $72,253, you would need a mortgage of $289,010.
To support a monthly payment of this size, the required annual income is about $94,197.
; (2) How much do you expect it to cost you to file your taxes this year?
; (3) How much do you expect to receive in a tax refund?
; (4) What do you plan to do with a majority of your refund?
; (5) Do you believe your tax dollars are being spent effectively?
; (8) Do you depend on a tax refund to make ends meet?
; (10) What do you understand the least about your taxes?
; (11) What concerns you the most about Tax Day?
; (12) Do you believe the ultra wealthy should be taxed more, less or the same?
; (14) What salary do you believe is needed to live comfortably in the US in 2025?
; (15) What is the minimum salary you believe is needed to be upper class?
; and (17) Are you spending more/less on groceries than last year?.
GOBankingRates used PureSpectrums survey platform to conduct the poll.
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