Houston is a sprawling metropolis of over 600 sq. miles. It’s not surprising that “bang for your buck” varies throughout the city. But just how much does your annual salary have to be to live in Houston?
The answer is more in some places, and less in others. Thanks to a recently published article in Houston Agent Magazine in which analysis of HAR and Greater Houston Partnership was conducted, we’ve got the specifics.
Martin and company’s recommended salary figures reflect the rule that to “comfortably afford” housing (which includes the cost of mortgage principle, interest, taxes and insurance) it should not cost more than 28 percent of a person’s gross monthly income.
Which area of Houston suits you best? If you’re overwhelmed by all the city has to offer, KRE has expert agents in each area who would love to help you find your perfect fit! Contact us here for a consolation.