How much you need to earn to live comfortably in 50 U.S. cities - Jacksonville Business Journal

More U.S. residents are scrambling to make ends meet as housing costs skyrocket and inflation continues to rise, according to a recent analysis by GoBankingRates.com.

The website used ApartmentList and Zillow statistics to calculate housing costs and pricing information for necessities like transportation, groceries and health care in 50 major metros in the U.S. to estimate what residents would need to earn to live affordably in those areas. And according to its report, residents of 13 U.S. cities must earn at least $100,000 a year to rent or own a home.The median salary in the 50 largest metropolitan areas falls short of what is needed to easily buy or rent a home in those areas. Three Florida cities are among the metros analyzed and the cities' median incomes are far below what is needed to purchase or rent in those areas.

To further exacerbate the affordability challenge, rising inflation continues to increase prices, making it difficult to make ends meet even in cities with low housing costs, indicates the report.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Firm eyes 1.5 million-square-foot Nassau County industrial park - Jacksonville Business JournalWildlight Commerce Park, a 1.5 million-square-foot complex in Nassau County in the conceptual stages.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Florida wedding industry ranks above average for pay - Jacksonville Business JournalThe event planning industry is projected to grow 18% in the next 10 years.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

How much you need to earn to live comfortably in 50 U.S. cities - Jacksonville Business JournalThe median incomes in all of the Florida cities are far below what is needed to easily buy or rent in the area.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

St. Johns Golf Club to reopen at end of November - Jacksonville Business JournalThe course has been redesigned and renovated by Larsen Golf.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

St. Augustine mostly back to normal after Nicole - Jacksonville Business JournalThe city withstood a second major storm this year but resumed most business activity on Friday. RT StormHour two days of storm winds downtown St Augustine recovers. A1A south remaining vulnerable.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

St. Augustine mostly back to normal after Nicole - Jacksonville Business JournalThe city withstood a second major storm this year but resumed most business activity on Friday.
Source: JaxBizJournal - 🏆 599. / 51 Read more »