In the South, that actually is a very high household income, even in the cities. The flipside is, the COL is much lower here. Prior to the storm, the average middle class home price, 3/2, 1800, was for the entire metro area around $120,000. In the city limits, where you are expected to pay for amenities such as private school, most people could move into what you would consider at least towards the higher range of middle class for just over $100,000
We used to live in the highest income part of the city, and the average household income according to statistics, was roughly $100,000. That’s why people move here, you can live better on less, and companies like it because they can pay less and yet still have their employees have the same standard of living they would have in more expensive places. Now granted, today, the median area home price is beginning to shoot into the stratosphere, but here, when we say stratosphere, well, it hasn’t even reached $200,000 yet.
It’s all a matter of where you live and how you live
HA....here in the NW.....the average cost of a house/condo is about $200 per square foot.....