AgentMarkets & Economy

Infographic: How home prices affect homeowner finances long term

Comparing home prices and salaries in San Jose and Atlanta

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Enjoy the Connect experience from your computer, laptop or tablet! Watch Connect now. Takeaways: Median income in Atlanta, Georgia, is $57,470, and median income in San Jose, California, is $89,940. Median home price in Atlanta is $128,000, and median home price in San Jose is $732,200. Homeowners in Atlanta spend 11 percent of their monthly income on mortgage payments, vs. 33 percent in San Jose. As a resident of the San Francisco Bay Area, I spend an unnecessary amount of my time calculating housing affordability. In fact, I don't remember the last time I attended a social event where the topic didn't turn to housing, the potential bubble, or how "Sarah's cousin's best friend just bought a steal of a one-bedroom condo for $700,000 ... in the Tenderloin." After we cover what Sarah's condo is worth, the conversation turns hopeful. What could we own if ... shhhhhh ... we didn't live here? Every Bay Area resident, from programmers to graphic designers, has filed away...