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Yahoo
a day ago
- Business
- Yahoo
5 Top US Housing Markets for International Homebuyers — Should You Buy There, Too?
The U.S. housing market has always held an appeal for international homebuyers. International buyers spend millions of dollars purchasing residential properties in states across the country, but some cities have a bigger draw than others. Trending Now: Read Next: Recent data from shows that foreign buyers are more likely to buy homes in coastal regions and warm climates. Here are the top five U.S. housing markets for international homebuyers. With near year-round warm weather and a thriving nightlife, it is no wonder that Miami, Florida, topped the list for international homebuyers. According to Miami took 8.7% of the international traffic share. The median home listing price in the area was $635,000, while the median sold home price in May 2025 was $580,000. Both domestic and foreign buyers should be wary of the cost of living in Miami, which is 19% higher than the national average and 15% higher than the state average, as indicated by Best Places. Without substantial income, buying property in Miami could end up being more costly than it is worth. For You: The second highest share of international traffic went to New York, New York. Foreign homebuyers flocked to the Big Apple in the first quarter of 2025. The city took 4.9% of the international traffic share. The median home listing price in May 2025, according to was $868,000. The real estate listing website notes that the city is currently considered a 'buyer's market' because the supply of homes in the area exceeds demand. While buyers will benefit from homes that sell for less than asking, the cost of living in the area is well above the average in the U.S. International home buyers were also drawn to the sunny coast of Southern California. The bright lights of Los Angeles attracted 4.6% of the international traffic share. The median listing home price in Los Angeles was $1.2 million in May 2025, significantly higher than the average mid-tier home in the state. The City of Angels' median home listing price was nearly $1.25 million in May 2025, per Realtor. Potential international and domestic Los Angeles home buyers should also be aware of the high cost of living, which is 61% higher than the average in the U.S., as reported by Best Places. Another top-ranking area for international buyers is Orlando, Florida. Disney World's hometown captured 2.9% of the international traffic share, attracting foreign buyers from a multitude of countries. Attracted by the warm climate, low cost of living and absence of state income tax, international buyers have consistently sought properties in the Sunshine State. The median listing home price in the area was $394,700, which was on par with the median sold home price. Considered a neutral housing market by both buyers and sellers can take advantage of low home prices that sell in around 60 days. Rounding out the top five housing markets for international buyers is Dallas, Texas. Located in the heart of the Lone Star State, 'Big D' is known for its great BBQ, southern charm and vibrant music scene. Dallas took 2.8% of the international traffic share, likely due to its affordable housing prices and low cost of living. The median listing home price was $449,500, and the cost of living is only 0.2% higher than the national average, according to Best Places. More From GOBankingRates 10 Genius Things Warren Buffett Says To Do With Your Money This article originally appeared on 5 Top US Housing Markets for International Homebuyers — Should You Buy There, Too?
Yahoo
13-05-2025
- Business
- Yahoo
The Living Wage a Family of Four Needs in 50 Major Cities
Cost of living continues to increase, President Donald Trump's tariffs have created market havoc and urban rent prices can more often than not seem stratospheric — all of which are reasons the baseline living wage needed for families to survive is such an important thing to know. Check Out: Learn More: Such information is especially important in America's largest 50 cities, where the cost of living is typically much higher than the rest of the United States. With that in mind, GOBankingRates set out to determine the living wage — that is, the minimum income needed for basic survival and amenities — required for a family of four in America's 50 biggest cities. GOBankingRates did this by culling information from the U.S. Census American Community Survey, Sperling's BestPlaces, the Bureau of Labor Statistics Consumer Expenditure Survey and the Federal Reserve Economic Data. Check out the living wage required in 50 major cities. Also see what it is in every state overall. Median household income: $141,565 Living wage: $135,604 Also See: Discover More: Median household income: $141,446 Living wage: $122,849 Explore More: Median household income: $104,321 Living wage: $105,204 Median household income: $80,366 Living wage: $97,110 Median household income: $121,984 Living wage: $93,755 Median household income: $79,713 Living wage: $91,888 Read More: Median household income: $83,969 Living wage: $88,410 Median household income: $94,755 Living wage: $85,066 Median household income: $97,369 Living wage: $80,277 Median household income: $106,287 Living wage: $79,455 Read Next: Median household income: $59,390 Living wage: $74,483 Median household income: $91,681 Living wage: $67,203 Median household income: $88,792 Living wage: $65,170 Median household income: $91,461 Living wage: $62,812 Consider This: Median household income: $70,723 Living wage: $58,301 Median household income: $81,938 Living wage: $57,216 Median household income: $83,753 Living wage: $57,027 Median household income: $75,197 Living wage: $55,919 Find More: Median household income: $83,198 Living wage: $55,733 Median household income: $82,424 Living wage: $55,085 Median household income: $90,685 Living wage: $54,692 Median household income: $77,041 Living wage: $54,584 Also Read: Median household income: $78,779 Living wage: $54,416 Median household income: $78,438 Living wage: $52,687 Median household income: $77,397 Living wage: $51,281 Median household income: $73,519 Living wage: $49,827 For You: Median household income: $68,804 Living wage: $49,384 Median household income: $75,134 Living wage: $48,231 Median household income: $80,269 Living wage: $48,228 Median household income: $67,760 Living wage: $47,589 Be Aware: Median household income: $65,604 Living wage: $46,039 Median household income: $66,981 Living wage: $45,949 Median household income: $54,546 Living wage: $45,814 Median household income: $72,708 Living wage: $44,244 Check Out: Median household income: $76,602 Living wage: $43,383 Median household income: $60,698 Living wage: $43,200 Median household income: $62,894 Living wage: $42,540 Median household income: $58,734 Living wage: $42,136 Note This: Median household income: $65,327 Living wage: $41,696 Median household income: $64,731 Living wage: $41,542 Median household income: $67,449 Living wage: $40,614 Median household income: $62,917 Living wage: $39,476 For You: Median household income: $62,995 Living wage: $39,262 Median household income: $51,888 Living wage: $38,684 Median household income: $59,623 Living wage: $38,392 Median household income: $66,702 Living wage: $38,391 Find Out: Median household income: $58,407 Living wage: $38,237 Median household income: $63,072 Living wage: $37,395 Median household income: $51,211 Living wage: $33,563 Median household income: $39,575 Living wage: $32,653 Methodology: For this study, GOBankingRates found the 'living wage' needed for a family of four to live in the largest 50 cities by population. The 'living wage' was defined as the cost of living. Data was sourced from the U.S. Census American Community Survey, Sperling's BestPlaces, the Bureau of Labor Statistics Consumer Expenditure Survey, the Federal Reserve Economic Data. All data was collected on and is up to date as of April 9, 2025. More From GOBankingRates 5 Luxury Cars That Will Have Massive Price Drops in Spring 2025 4 Things You Should Do if You Want To Retire Early 25 Places To Buy a Home If You Want It To Gain Value 7 Things You'll Be Happy You Downsized in Retirement This article originally appeared on The Living Wage a Family of Four Needs in 50 Major Cities Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
The Living Wage a Family of Four Needs in 50 Major Cities
Cost of living continues to increase, President Donald Trump's tariffs have created market havoc and urban rent prices can more often than not seem stratospheric — all of which are reasons the baseline living wage needed for families to survive is such an important thing to know. Check Out: Learn More: Such information is especially important in America's largest 50 cities, where the cost of living is typically much higher than the rest of the United States. With that in mind, GOBankingRates set out to determine the living wage — that is, the minimum income needed for basic survival and amenities — required for a family of four in America's 50 biggest cities. GOBankingRates did this by culling information from the U.S. Census American Community Survey, Sperling's BestPlaces, the Bureau of Labor Statistics Consumer Expenditure Survey and the Federal Reserve Economic Data. Check out the living wage required in 50 major cities. Also see what it is in every state overall. Median household income: $141,565 Living wage: $135,604 Also See: Discover More: Median household income: $141,446 Living wage: $122,849 Explore More: Median household income: $104,321 Living wage: $105,204 Median household income: $80,366 Living wage: $97,110 Median household income: $121,984 Living wage: $93,755 Median household income: $79,713 Living wage: $91,888 Read More: Median household income: $83,969 Living wage: $88,410 Median household income: $94,755 Living wage: $85,066 Median household income: $97,369 Living wage: $80,277 Median household income: $106,287 Living wage: $79,455 Read Next: Median household income: $59,390 Living wage: $74,483 Median household income: $91,681 Living wage: $67,203 Median household income: $88,792 Living wage: $65,170 Median household income: $91,461 Living wage: $62,812 Consider This: Median household income: $70,723 Living wage: $58,301 Median household income: $81,938 Living wage: $57,216 Median household income: $83,753 Living wage: $57,027 Median household income: $75,197 Living wage: $55,919 Find More: Median household income: $83,198 Living wage: $55,733 Median household income: $82,424 Living wage: $55,085 Median household income: $90,685 Living wage: $54,692 Median household income: $77,041 Living wage: $54,584 Also Read: Median household income: $78,779 Living wage: $54,416 Median household income: $78,438 Living wage: $52,687 Median household income: $77,397 Living wage: $51,281 Median household income: $73,519 Living wage: $49,827 For You: Median household income: $68,804 Living wage: $49,384 Median household income: $75,134 Living wage: $48,231 Median household income: $80,269 Living wage: $48,228 Median household income: $67,760 Living wage: $47,589 Be Aware: Median household income: $65,604 Living wage: $46,039 Median household income: $66,981 Living wage: $45,949 Median household income: $54,546 Living wage: $45,814 Median household income: $72,708 Living wage: $44,244 Check Out: Median household income: $76,602 Living wage: $43,383 Median household income: $60,698 Living wage: $43,200 Median household income: $62,894 Living wage: $42,540 Median household income: $58,734 Living wage: $42,136 Note This: Median household income: $65,327 Living wage: $41,696 Median household income: $64,731 Living wage: $41,542 Median household income: $67,449 Living wage: $40,614 Median household income: $62,917 Living wage: $39,476 For You: Median household income: $62,995 Living wage: $39,262 Median household income: $51,888 Living wage: $38,684 Median household income: $59,623 Living wage: $38,392 Median household income: $66,702 Living wage: $38,391 Find Out: Median household income: $58,407 Living wage: $38,237 Median household income: $63,072 Living wage: $37,395 Median household income: $51,211 Living wage: $33,563 Median household income: $39,575 Living wage: $32,653 Methodology: For this study, GOBankingRates found the 'living wage' needed for a family of four to live in the largest 50 cities by population. The 'living wage' was defined as the cost of living. Data was sourced from the U.S. Census American Community Survey, Sperling's BestPlaces, the Bureau of Labor Statistics Consumer Expenditure Survey, the Federal Reserve Economic Data. All data was collected on and is up to date as of April 9, 2025. More From GOBankingRates 5 Luxury Cars That Will Have Massive Price Drops in Spring 2025 4 Things You Should Do if You Want To Retire Early How Far $750K Plus Social Security Goes in Retirement in Every US Region 12 SUVs With the Most Reliable Engines This article originally appeared on The Living Wage a Family of Four Needs in 50 Major Cities Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Here's How Expensive the American Dream Is in 7 Major Texas Cities
The definition of the American dream is probably a little different depending on where you live. But the generally accepted ideal is a married couple with two kids, two cars, a home and at least one pet. With that concept in mind, GOBankingRates calculated the cost of living across 50 major U.S. cities and then doubled that to account for the money required for a family to achieve the American dream. In the top cities in Texas, living that lifestyle requires at least $100,000 — with the Austin dream costing over $150,000. View More: Discover Next: Take a look at the salary needed to achieve the American dream in Texas. Household income for the American dream: $153K Total annual cost of living: $77K Median income: $91K Average monthly mortgage cost: $3,156 Find Out: Discover More: Household income for the American dream: $121K Total annual cost of living: $60K Median income: $68K Average monthly mortgage cost: $1,873 Also See: Household income for the American dream: $120K Total annual cost of living: $60K Median income: $74K Average monthly mortgage cost: $1,858 Household income for the American dream: $118K Total annual cost of living: $59K Median income: $77K Average monthly mortgage cost: $1,768 Household income for the American dream: $113K Total annual cost of living: $57K Median income: $63K Average monthly mortgage cost: $1,597 Learn More: Household income for the American dream: $105K Total annual cost of living: $53K Median income: $63K Average monthly mortgage cost: $1,482 Household income for the American dream: $99K Total annual cost of living: $50K Median income: $59K Average monthly mortgage cost: $1,324 Methodology: For this study, GOBankingRates analyzed the largest 50 cities based on population, as sourced from the U.S. Census American Community Survey. The cost-of-living indexes were sourced from Sperling's BestPlaces. Average expenditure costs were from the Bureau of Labor Statistics Consumer Expenditure Survey. Home value and mortgage data came from Zillow Home Value Index for January 2025 and Federal Reserve Economic Data. Using the 50/30/20 rule that states 50% of household income goes to needs, 30% goes to discretionary spending and 20% is used for savings, the cost of living was doubled to find the income needed to live the American Dream. All data was collected on and is up to date as of March 4, 2025. More From GOBankingRates Mark Cuban: Trump's Tariffs Will Affect This Class of People the Most How Far $750K Plus Social Security Goes in Retirement in Every US Region How To Get the Most Value From Your Costco Membership in 2025 12 SUVs With the Most Reliable Engines This article originally appeared on Here's How Expensive the American Dream Is in 7 Major Texas Cities
Yahoo
06-05-2025
- Business
- Yahoo
Top US Cities Where the Middle Class Can Afford a Home and Don't Need a Car
With President Donald Trump's tariffs threatening to increase the prices of new and used vehicles this spring, commuters in public-transit-friendly cities may see a slight financial advantage. That's the good news. The bad news? The price of housing in many of these cities is way above the national median sales price of $416,900 — all the way up to $2.55 million in Brookline, Massachusetts. Find Out: 25 Most Livable Cities for Middle-Class Families Read More: The New Retirement Problem Boomers Are Facing However, data from and location intelligence company Local Logic found at least three walkable U.S. cities where the middle class can buy a home for under $500,000. Minneapolis Median home price: $335,000 Many people may not think of Minneapolis as a walkable city due to cold winter weather. But the city's extensive Skyway System, a series of covered, climate-controlled footbridges above the city, helps immensely. The city also has a bus and light rail network for public transit, and the average commute is just 23 minutes, according to BestPlaces. According to the and Local Logic report, over 27% of residents don't drive to work. Check Out: 5 Cities Where Homes Will Be a Total Steal in 2 Years Chicago Median home price: $354,900 Chicago was recently ranked the most walkable city for tourists, according to a study by Preply. It's good for commuters as well, with the second-largest public transportation system in the U.S. that's made up of eight train lines and 127 bus routes, according to Choose Chicago. There is also a bike-share program and more than 450 miles of bike lanes. Affordable home prices within the city or in nearby suburbs make Chicago a great choice for families who want to forgo owning a car. In fact, per the and Local Logic study, nearly half (44%) of residents don't drive to work. Emeryville, California Median home price: $485,000 It's not easy to find affordable real estate in California. But Emeryville is a commuter-friendly, walkable city in the Bay Area between Berkeley and Oakland. Access to a free transit system that connects to the larger Bay Area Rapid Transit and an Amtrak station makes commuting across the state easy. And 49.5% of people don't drive to work here. However, be aware that crime rates here are higher than the national average. Choose your home carefully and stay active with neighborhood watch programs. 4 More Cities With Median Home Prices Under $1 Million Most middle-class Americans may not consider $1 million an affordable price for a home. But if your budget can stretch, these four walkable U.S. cities provide tons of amenities — including excellent and affordable public transit.
