DALTX Real EstateDALTX Real EstateDALTX Real Estate
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Reading: What Kind of Job Do I Need to Afford That Home in D-FW? This Study Has Answers
Share
Font ResizerAa
DALTX Real EstateDALTX Real Estate
Font ResizerAa
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Follow US
© DALTX. All Rights Reserved.
DALTX Real Estate > Blog > What Kind of Job Do I Need to Afford That Home in D-FW? This Study Has Answers
Blog

What Kind of Job Do I Need to Afford That Home in D-FW? This Study Has Answers

1 Min Read
SHARE
jimpam-1
Jim and Pam earn enough at Dunder-Mifflin to live comfortably in Scranton, Pa. (NBC)

Do you remember when you’d drive around high-end neighborhoods and marvel at the luxury homes with football-field-sized yards?

You’d ask yourself: “What kind of job do you have to have to afford that kind of living?”

Well, STORAGECafé just so happened to do a recent study on the subject. The self-storage search website commissioned a study and made some conclusions from the data it crunched.

In the case of the Dallas-Fort Worth market, STORAGECafé determined that — based on average home prices of around $350,000 — the area is affordable for many healthcare industry workers and information technology (IT) professionals.

Based on average home prices of around $350,000, a homebuyer needs to earn above $70K to pay a mortgage and save up for the down payment.

Healthcare workers average $105K and can scrap up enough cash for a down payment in about 40 months. IT pros earn an average of $97,000 and will need an average of 3.6 years for the down payment.

STORAGECafé also found that the highest salaries in the D-FW market are earned, as we'd all expect, by lawyers and judges, air transportation workers, and top managers in marketing, finance, and sales. They earn an average income of $120,000, which means it will take 2.5 years to save for the standard down payment.

Conversely, some professions are priced out of homeownership in D-FW. STORAGECafé lists the material moving sector with an average income of $34,684 would not make enough to save for a down payment within five years.

On the upside, the study did find that blue-collar workers can find housing affordable options in the area that includes, Scranton, Pa. That means The Office's Jim Halpert and Pam Beesly can afford a nice single-family house on Dunder-Mifflin incomes.

What is STORAGECafé? STORAGECafé is a nationwide storage space marketplace powered by Yardi.

Report review: The metros referred to in the study are the 100 largest in the US, according to 2020 population figures from the U.S. Census Bureau. For a storage space marketplace, STORAGECafé knows how to crunch the data. The report contains lots of searchable and dynamic charts and graphics. The one you need to really try is: Where Can I Afford to Buy a Home on My Salary in the US's Largest Metros? Block out plenty of time to take a deep dive into this report. 🐇🐇🐇🐇

Danish Moderne as Hanne Sagalowsky Joins Dave Perry-Miller
Harlan Crow Says “Shame on Us” For Letting It Pass, if Dallas Doesn’t Approve Temp Skybridge for Preston Center & Large Grocer
Why Bay Area Homeowners Are Choosing These Remodeling Experts!
Studying and Living at the University of Maryland
Two Kinds of Texas Title Insurance
TAGGED:Dallas-Fort WorthReport ReviewsSTORAGECafe
Share This Article
Facebook Email Copy Link Print
Previous Article Even With Updates, Few Lochwood Residents Support Ojala’s Plans For Garland Road Development
Next Article The Perfect House Lives On Windy Terrace Circle
Popular News
Dallas Weather News

In Real-Estate Parlance, ‘Location, Location, Location’ Does Matter in Power Outages

Hail and Spring Chills: KJ Custom Patio Screens Keep Out Way More Than Mosquitoes
Dallas Uber-Luxury is Getting Snapped Up Faster than You Can Say a $37.5 Million Spec
Holding Off The Wrecking Ball: What is The City of Dallas Doing About Historic Preservation?
In Need of Remodeling Inspiration? Celebrity Kitchens to Swoon Over
about us

DaltxRealEstate.com is the largest real estate blog and the only one in North Texas.

Links

  • Privacy Policy
  • Terms of Service
  • Contact Us
  • Paid Guest Post Submission

Categories

  • Wednesday WTF
  • East Dallas
  • Monday Morning Millionaire
  • Upon Closer Inspection

Get Involved

  • Advertise With Us
  • Write for Us: Submit Guest Post

Find Us on Socials

© DALTX. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?