How Big of a Home Can you Afford?
As major cities in the U.S. grow their economy with the creation of new jobs across different sectors of major industries, America’s working class grows with the increase in employment. However, how big a home you can afford is different across the country for different professions. For those considering how much of a home they can afford working their occupation, we have compiled data to show aspiring homeowners where they can buy the best home on their salary. How much home per square foot can your profession can afford? Below you’ll find some information about popular careers and how they add up.
Most Popular US jobs of 2018
Some of the fastest-growing and highest-paying jobs in the U.S. are in the healthcare field. From nurses, nurse practitioners, physician assistants, oral surgeons, and psychiatrists, the medical sector in most cities is ever-growing. The good thing about that is that those who work in medicine can find a home just about anywhere in the country and the world. Our data explores the average salary of a registered nurse and veterinarian.
If you’re a registered nurse and looking to buy a new home, Minneapolis may be the city for you. According to our data, the average registered nurse makes around $52,000-$82,000. In Minneapolis, registered nurses can afford around 3663 sq. ft. You can also get a rather nice home in Philadelphia and Phoenix, too.
If you’re a veterinarian, your salary probably ranges between $65,000-$93,000 annually. Some cities that you’d definitely live comfortably in include Tampa, Philadelphia, and Phoenix. You’re biggest payoff would be in Minneapolis at 4511 sq. ft. This half of the Twin Cities also offers level one care in adult and pediatric trauma, maternity, and other fields of healthcare — no wonder those in that sector can do so well there!
Finances and Marketing
Accountants and financial analysts are two popular careers in the financial industry. The average accountant makes between $46,000-$62,000 and the average financial analyst makes between $51,000-$70,000. In the marketing sector, the average marketing manager makes between $55,000-$80,000 annually.
Accountants can expect to live rather well in Baltimore according to our data.
Financial analysts/advisors are another career path in the financial sector. For these number-crunchers, you can afford a nice home in Tampa, Phoenix and Baltimore.
Marketing managers help companies thrive, and they can expect to thrive in cities like Pittsburgh, Dallas, Philadelphia, Tampa, Phoenix and Baltimore. The average marketing manager can afford over 3,000 sq.ft. living in the previously mentioned cities.
Got a knack for technology? Good! The technology sector, like the healthcare field, is an ever-growing industry that fuels the U.S. economy. Software engineers make on average between $68,000-$110,000. Those that work this high-paying job can afford a nice home just about anywhere in the country, but our data shows that Tampa, Phoenix, and Baltimore can offer software engineers more than 4,000 sq.ft. in a home.
They say a good teacher can ignite hope (Editor- Brad Henry quote). A good elementary school teacher making between $38,000-$56,000 annually can also live nicely in Baltimore and Phoenix.
We know that paying for a home can be expensive, and sometimes it takes a full-time job and a side gig. Need an idea to help pay for your monthly mortgage? You have to start thinking outside of the box, perhaps with Airbnb.
Want to see more? Don’t worry, we’ve got you covered! To see how other occupations add up, check out our interactive map of where professionals can live comfortably. If you’re already climbing the corporate ladder and it’s time you start thinking about your new forever home, check out our listings and find your dream home.