How Much Purchasing Power Will We Have In The Next 5 Years?

New Africa / Shutterstock

Updated:

June 13, 2024

Partners on this page provide us earnings.

The last three years have seen an average annual inflation of 5.6%, the highest three year average inflation rate since the early 1980s recession.

With this in mind, we looked at data from the Bureau of Labor Statistics (BLS), the Federal Housing Finance Agency (FHFA) and Redfin to find out how far salaries have kept up with inflation over the last five years, and how much money we will have in our pockets in the next five years if things carry on in the same direction.

## Key findings

97% of occupations’ salaries have failed to keep up with inflation over the last five years.

Salaries have fallen by an average of 8.2% in the last five years.

Sanitation and environmental conservation related jobs have seen the largest salary cuts of all industries. Salaries have fallen by an average of 10.4% in this industry.

Despite this, house prices have risen by an average of 56% in the last 5 years.

## How much will you be earning in 5 years?

The table below shows every occupation’s:

Current median salary: Based on data from the Bureau of Labor Statistics’ Occupational Outlook Handbook.

5 year median salary change, adjusting for inflation: Utilizes historical inflation rates from 2013-2023 as reported by the Bureau of Labor Statistics’ Consumer Price Index, to measure changes in purchasing power over the last decade.

Projected median salary in 2028: Forecasts consider past salary data, inflation rates, and housing costs, projecting these trends forward to estimate future earnings and purchasing power up to 2033.

## Agriculture and food production

Salaries in agriculture and food production fell by an average of 7.4% in the last five years.

Agriculture and food scientists have been hit the hardest, facing a salary decrease of 9.24% in the last five years.

## Allied health professionals

Allied health professionals have had an average 7.85% pay decrease in the last five years.

Medical transcriptionists have been hit the hardest, suffering a 15.72% salary decrease in the last five years.

## Artists

People working in the arts have had an average salary decrease of 4.76% in the last five years.

Interestingly, models’ salaries have actually increased significantly in this time, going up by 13.25%.

## Aviation

People working in the aviation industry have seen a salary decrease of 3.87% in the last five years.

Commercial pilot is one of the few occupations whose pay increase has outpaced inflation, with a real world pay increase of 2.11% in the last five years.

## Construction

Construction professionals have suffered an average pay decrease of 8.33% in the last five years.

Construction managers have seen the biggest pay decrease, with a 12.10% decrease in the last five years.

## Customer facing roles

Customer facing roles have seen an average salary decrease of 3.53% in the last five years.

Gambling services workers are one of the few occupations whose salary growth has outpaced inflation. They have had a 3.11% increase in pay in the last five years.

## Doctors and dentists

Doctors and dentists have had an average salary decrease of 10.33% in the last five years.

Dentists salaries are expected to drop by $24,000 in the next five years if inflation continues at the same rate.

## Education

Education professionals’ salaries have decreased by 10.16% in the last five years.

Teachers’ salaries have decreased by 12.05% in this time.

## Energy

Energy professionals have suffered an average salary drop of 10.75% in the last five years.

## Engineering

Engineering professionals have suffered an average salary decrease of 11.59%.

Bioengineers and biomedical engineers have been hit the hardest, suffering a 17.28% salary decrease in the last five years.

## Events

Events professionals have suffered a 9.68% loss in the last five years.

## Finance

Finance professionals’ salaries have decreased 10.64% in the last five years.

## Freight and logistics

Freight and logistics professional’s salaries have decreased by 8.51% in the last five years.

Logisticians have suffered the biggest pay cuts, with their salaries going down by 14.46% in the last five years.

## Hospitality

Hospitality professionals’ salaries have gone down by 1.87% in the last five years.

Waiters and waitresses are one of the few professions whose salaries have kept up with inflation. Their salaries have increased by 1.73% in the last five years.

## Human resources

Human resources professionals’ salaries have decreased by 7.78% in the last five years.

## Insurance

Insurance professionals’ salaries have decreased by an average of 11% in the last five years.

## IT

IT professionals’ salaries have decreased by an average of 10% in the last five years.

## Legal

Legal professionals’ salaries have decreased by an average of 9% in the last five years.

## Life science

Life scientists’ salaries have decreased by an average of 8.61% in the last five years.

## Management

Management is the only industry in which salaries have matched inflation. Management professionals’s salaries have increased by 2.13% in the last five years.

Operations and research analysts have had the largest growth in salary of all occupations, with their salaries increasing by 13.25% in the last five years.

## Manufacturing

Manufacturing professionals salaries’ have decreased by 7.63% on average.

## Marketing and media

Marketing and media professionals salaries’ have decreased by 8.32% in the last five years.

## Music

Musicians’ and people working in the music industry’s salaries have fallen by 3% in the last five years.

## Nursing

Nurses’ salaries have fallen by 6% in the last five years.

## Pharmacy

Pharmacy professionals’ average salaries have fallen by an average of 9.62% in the last five years.

## Police, probation and incarceration

Police, probation and incarceration professionals’ salaries have fallen by an average of 9.28% in the last five years.

## Procurement

Procurement professionals’ salaries have fallen by an average of 10.09% in the last five years.

## Real estate

Real estate professionals’ salaries have fallen by an average of 11.72% in the last five years.

## Sales

Sales professionals’ salaries have fallen by an average of 11.78% in the last five years.

## Sanitation and environment

Sanitation and environment professionals’ salaries have fallen by an average of 10.44%.

Conservation scientists and foresters have seen the biggest salary decrease of all occupations in the last five years, with a drop of 21.46%.

## Social scientists

Social scientists’ salaries have fallen by an average of 10.83% in the last five years.

## Social work

Social work professionals’ salaries have fallen by an average of 6.07% in the last five years.

## Software

Software professionals’ salaries have fallen by an average of 6.51% in the last five years.

## Sport

Sport professionals’ average salaries have fallen by an average of 4.70% in the last five years.

## Tax and accounting

Tax and accounting professionals’ salaries have fallen by an average of 6.69% in the last five years.

## Transport

Transport professionals’ salaries have fallen by an average of 5.42% in the last five years.

## Salary changes by industry

Below is a summary of these findings divided by industry:

## What homes can we expect to afford in 2029?

We looked at house price changes over the last five years in the 100 most populous metropolitan areas in the US to predict what these house prices would look like in five years’ time.

We then looked where people could afford to buy a house based on their occupation, in 2029.

Our findings assume that a bank is willing to lend you 4.1x your annual salary.

You can see our findings below:

## Akron, OH

We estimate the median house price in Akron, OH, to be $210,477 in five years’ time.

This means to buy a house, you will need a:

Two hundred eighteen of the 282 occupations listed in the Bureau of Labor Statistics will earn a salary that can afford them a home as a single person in 2029.

People working in any occupation should be able to afford a home, if they buy as a couple.

## Albany-Schenectady-Troy, NY

We estimate the median house price in Albany-Schenectady-Troy, NY, will be $499,786 in five years’ time.

This means to buy a house, you’ll need a:

Only 30 of the 282 occupations listed in the Bureau of Labor Statistics will earn a salary that can afford them a home as a single person in 2029.

One hundred eighty-one of the 282 occupations listed in the Bureau of Labor Statistics will earn a salary that can afford them a home, if they buy as a couple.

## Albuquerque, NM

We estimate the median house price in Albuquerque, NM, will be $537,055 in 2029.

This means to buy a house, you’ll need a:

Only 30 of the 282 occupations listed in the Bureau of Labor Statistics will earn a salary that can afford them a home as a single person in 2029.

One hundred fifty-one of the 282 occupations listed in the Bureau of Labor Statistics will earn a salary that can afford them a home, if they buy as a couple.

## Allentown-Bethlehem-Easton, PA-NJ

We estimate the median house price in Allentown-Bethlehem-Easton, PA-NJ, will be $440,127 in 2029.

This means to buy a house, you’ll need a:

Only 47 of the 282 occupations listed in the Bureau of Labor Statistics will earn a salary that can afford them a home as a single person in 2029.

Two hundred three of the 282 occupations listed in the Bureau of Labor Statistics will earn a salary that can afford them a home, if they buy as a couple.

## Anaheim-Santa Ana-Irvine, CA (MSAD*)

We estimate the median house price in Anaheim-Santa Ana-Irvine, CA (MSAD), will be $1,342,699 in 2029.

This means to buy a house, you’ll need a:

Only physicians and surgeons will be able to buy a house here in 2029, as a single person.

Five occupations – marketing managers, information systems managers, architects, dentists and physicians and surgeons – will be able to afford to buy a home, if they buy as a couple.

## Atlanta-Sandy Springs-Alpharetta, GA

We estimate the median house price in Atlanta-Sandy Springs-Alpharetta, GA, will be $666,483 in 2029.

This means to buy a house, you’ll need a:

Only eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

This number swells to 101 if you buy as a couple.

## Austin-Round Rock-Georgetown, TX

We estimate the median house price in Austin-Round Rock-Georgetown, TX, will be $1,004,392 in 2029.

This means to buy a house, you’ll need a:

Only physicians and surgeons will be earning enough money to afford to buy a house here in 2029 as a single person.

Thirty of the 282 occupations listed in the Bureau of Labor Statistics will earn you enough money to buy a house here as a couple in 2029.

## Bakersfield, CA

We estimate the median house price in Bakersfield, CA, will be $652,438 in 2029.

This means to buy a house, you’ll need a:

Only eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred nine of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Baltimore-Columbia-Towson, MD

We estimate the median house price in Baltimore-Columbia-Towson, MD, will be $301,215 in 2029.

This means to buy a house, you’ll need a:

One hundred twenty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred seventy-six of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Baton Rouge, LA

We estimate the median house price in Baton Rouge, LA, will be $320,151 in 2029.

This means to buy a house, you’ll need a:

One hundred fourteen of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred seventy-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Birmingham-Hoover, AL

We estimate the median house price in Birmingham-Hoover, AL, will be $201,369 in 2029.

This means to buy a house, you’ll need a:

Two hundred thirty-five of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred eighty-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Boise City, ID

We estimate the median house price in Boise City, ID, will be $991,695 in 2029.

This means to buy a house, you’ll need a:

Only physicians and surgeons will be earning enough money to afford to buy a house here in 2029, as a single person.

Thirty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Boston, MA (MSAD)

We estimate the median house price in Boston, MA (MSAD), will be $1,442,784 in 2029.

This means to buy a house, you’ll need a:

No occupation listed in the Bureau of Labor Statistics will pay you a high enough salary to buy a home here, as a single person.

Thirty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Bridgeport-Stamford-Norwalk, CT

We estimate the median house price in Bridgeport-Stamford-Norwalk, CT, will be $979,533 in 2029.

This means to buy a house, you’ll need a:

Only physicians and surgeons will be earning enough money to afford to buy a house here in 2029, a single person.

Thirty-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Buffalo-Cheektowaga, NY

We estimate the median house price in Buffalo-Cheektowaga, NY, will be $356,436 in 2029.

This means to buy a house, you’ll need a:

Eighty-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred forty-nine of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Cambridge-Newton-Framingham, MA (MSAD)

We estimate the median house price in Cambridge-Newton-Framingham, MA (MSAD), will be $1,478,902 in 2029.

This means to buy a house, you’ll need a:

No occupation listed in the Bureau of Labor Statistics will pay you a high enough salary to buy a home here, as a single person.

Three of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple. These are commercial pilots, information system managers and physicians and surgeons.

## Camden, NJ (MSAD)

We estimate the median house price in Camden, NJ (MSAD), will be $264,495 in 2029.

This means to buy a house, you’ll need a:

One-hundred-sixty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

All 282 of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Cape Coral-Fort Myers, FL

We estimate the median house price in Cape Coral-Fort Myers, FL, will be $723,162 in 2029.

This means to buy a house, you’ll need a:

Only four of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

These are: commercial pilots, information system managers, architects and physicians and surgeons.

Eighty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Charleston-North Charleston, SC

We estimate the median house price in Charleston-North Charleston, SC, will be $1,205,820 in 2029.

This means to buy a house, you’ll need a:

No occupation listed in the Bureau of Labor Statistics will pay you a high enough salary to buy a home here as a single person.

Eleven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Charlotte-Concord-Gastonia, NC-SC

We estimate the median house price in Charlotte-Concord-Gastonia, NC-SC, will be $758,981 in 2029.

This means to buy a house, you’ll need a:

Only two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person. These are commercial pilots and physicians and surgeons.

Seventy-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Chicago-Naperville-Evanston, IL (MSAD)

We estimate the median house price in Chicago-Naperville-Evanston, IL (MSAD), will be $530,508 in 2029.

This means to buy a house, you’ll need a:

Twenty-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred fifty-eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Cincinnati, OH-KY-IN

We estimate the median house price in Chicago-Naperville-Evanston, IL (MSAD), will be $458,708 in 2029.

This means to buy a house, you’ll need a:

Thirty-eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred ninety-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Cleveland-Elyria, OH

We estimate the median house price in Cleveland-Elyria, OH, will be $172,808 in 2029.

This means to buy a house, you’ll need a:

Two hundred fifty-sixty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred eighty-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Colorado Springs, CO

We estimate the median house price in Colorado Springs, CO, will be $702,432 in 2029.

This means to buy a house, you’ll need a:

Only six of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

These are: commercial pilots, natural science managers, information systems managers, architects, dentists and physicians and surgeons.

Eighty-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Columbia, SC

We estimate the median house price in Columbia, SC, will be $436,347 in 2029.

This means to buy a house, you’ll need a:

Fifty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred six of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Columbus, OH

We estimate the median house price in Columbus, OH, will be $453,320 in 2029.

This means to buy a house, you’ll need a:

Forty-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred ninety-eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Dallas-Plano-Irving, TX (MSAD)

We estimate the median house price in Dallas-Plano-Irving, TX (MSAD), will be $496,3560 in 2029.

This means to buy a house, you’ll need a:

Thirty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred eighty-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Dayton-Kettering, OH

We estimate the median house price in Dayton-Kettering, OH, will be $291,723 in 2029.

This means to buy a house, you’ll need a:

One-hundred-twenty-four of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred seventy-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Denver-Aurora-Lakewood, CO

We estimate the median house price in Denver-Aurora-Lakewood, CO, will be $884,985 in 2029.

This means to buy a house, you’ll need a:

Only physicians and surgeons will be earning enough money to afford to buy a house here in 2029 as a single person.

Forty-six of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Detroit-Dearborn-Livonia, MI (MSAD)

We estimate the median house price in Detroit-Dearborn-Livonia, MI (MSAD), will be $957,590 in 2029.

This means to buy a house, you’ll need a:

Only physicians and surgeons will be earning enough money to afford to buy a house here in 2029 as a single person.

Thirty-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## El Paso, TX

We estimate the median house price in El Paso, TX, will be $348,864 in 2029.

This means to buy a house, you’ll need a:

Eighty-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred fifty-four of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Elgin, IL (MSAD)

We estimate the median house price in Elgin, IL (MSAD), will be $480,092 in 2029.

This means to buy a house, you’ll need a:

Thirty-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred ninety of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Fort Lauderdale-Pompano Beach-Sunrise, FL (MSAD)

We estimate the median house price in Fort Lauderdale-Pompano Beach-Sunrise, FL (MSAD), will be $1,144,101 in 2029.

This means to buy a house, you’ll need a:

No occupation listed in the Bureau of Labor Statistics will pay you a high enough salary to buy a home here as a single person.

Twenty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Fort Worth-Arlington-Grapevine, TX (MSAD)

We estimate the median house price in Fort Worth-Arlington-Grapevine, TX (MSAD), will be $540,949 in 2029.

This means to buy a house, you’ll need a:

Twenty-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred forty-nine of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Frederick-Gaithersburg-Rockville, MD (MSAD)

We estimate the median house price in Frederick-Gaithersburg-Rockville, MD (MSAD), will be $584,928 in 2029.

This means to buy a house, you’ll need a:

Fifteen of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person

One hundred twenty-four of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Fresno, CA

We estimate the median house price in Fresno, CA, will be $576,461 in 2029.

This means to buy a house, you’ll need a:

Nineteen of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred twenty-six of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Gary, IN (MSAD)

We estimate the median house price in Gary, IN (MSAD), will be $120,779 in 2029.

This means to buy a house, you’ll need a:

All 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person

All 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Grand Rapids-Kentwood, MI

We estimate the median house price in Grand Rapids-Kentwood, MI, will be $486,060 in 2029.

This means to buy a house, you’ll need a:

Thirty-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred eighty-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Greensboro-High Point, NC

We estimate the median house price in Greensboro-High Point, NC, will be $439,459 in 2029.

This means to buy a house, you’ll need a:

Forty-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred three of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Greenville-Anderson, SC

We estimate the median house price in Greenville-Anderson, SC, will be $522,594 in 2029.

This means to buy a house, you’ll need a:

Twenty-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person

One hundred sixty-four of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Hartford-East Hartford-Middletown, CT

We estimate the median house price in Hartford-East Hartford-Middletown, CT, will be $395,925 in 2029.

This means to buy a house, you’ll need a:

Sixty-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred thirty-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Houston-The Woodlands-Sugar Land, TX

We estimate the median house price in Houston-The Woodlands-Sugar Land, TX, will be $382,624 in 2029.

This means to buy a house, you’ll need a:

Seventy-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred forty-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029 if you buy as a couple.

## Indianapolis-Carmel-Anderson, IN

We estimate the median house price in Houston-The Woodlands-Sugar Land, TX, will be $401,261 in 2029.

This means to buy a house, you’ll need a:

Sixty-six of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029 if you buy as a single person

Two hundred thirty-five of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Jacksonville, FL

We estimate the median house price in Jacksonville, FL, will be $538,587 in 2029.

This means to buy a house, you’ll need a:

Twenty-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred fifty-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Kansas City, MO-KS

We estimate the median house price in Kansas City, MO-KS, will be $386,203 in 2029.

This means to buy a house, you’ll need a:

Sixty-nine of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred forty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Knoxville, TN

We estimate the median house price in Knoxville, TN, will be $492,178 in 2029.

This means to buy a house, you’ll need a:

Thirty-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred eighty-six of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Lake County-Kenosha County, IL-WI (MSAD)

We estimate the median house price in Lake County-Kenosha County, IL-WI (MSAD), will be $492,218 in 2029.

This means to buy a house, you’ll need a:

Thirty-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred eighty-six of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Las Vegas-Henderson-Paradise, NV

We estimate the median house price in Las Vegas-Henderson-Paradise, NV, will be $688,500 in 2029.

This means to buy a house, you’ll need a:

Only eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person

Ninety-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Little Rock-North Little Rock-Conway, AR

We estimate the median house price in Little Rock-North Little Rock-Conway, AR, will be $313,820 in 2029.

This means to buy a house, you’ll need a:

One hundred seventeen of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred seventy-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Los Angeles-Long Beach-Glendale, CA (MSAD)

We estimate the median house price in Los Angeles-Long Beach-Glendale, CA (MSAD), will be $1,770,960 in 2029.

This means to buy a house, you’ll need a:

No occupation listed in the Bureau of Labor Statistics will pay you a high enough salary to buy a home here as a single person.

Physicians and surgeons are the only occupations that can provide you with the salary to buy a home here as a couple.

## Louisville/Jefferson County, KY-IN

We estimate the median house, price in Louisville/Jefferson County, KY-IN, will be $358,948 in 2029.

This means to buy a house you’ll need a:

Eighty-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029 if you buy as a single person.

Two hundred forty-eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Memphis, TN-MS-AR

We estimate the median house price in Memphis, TN-MS-AR, will be $235,508 in 2029.

This means to buy a house, you’ll need a:

One hundred ninety-four of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred eighty-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Miami-Miami Beach-Kendall, FL (MSAD)

We estimate the median house price in Miami-Miami Beach-Kendall, FL (MSAD), will be $1,152,018 in 2029.

This means to buy a house, you’ll need a:

Nineteen of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029 if you buy as a couple.

## Milwaukee-Waukesha, WI

We estimate the median house price in Milwaukee-Waukesha, WI, will be $312,004 in 2029.

This means to buy a house, you’ll need a:

One hundred seventeen of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred seventy-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Minneapolis-St. Paul-Bloomington, MN-WI

We estimate the median house price in Minneapolis-St. Paul-Bloomington, MN-WI, will be $452,016 in 2029.

This means to buy a house, you’ll need a:

Forty-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred ninety-eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Montgomery County-Bucks County-Chester County, PA (MSAD)

We estimate that the median house price in Montgomery County-Bucks County-Chester County, PA (MSAD), will be $999,830 in 2029.

This means to buy a house you’ll need a:

Only physicians and surgeons will earn a salary that will allow them to afford a home here in 2029, buying as a single person.

Thirty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Nashville-Davidson-Murfreesboro-Franklin, TN

We estimate that the median house price in Nashville-Davidson-Murfreesboro-Franklin, TN, will be $963,534 in 2029.

This means to buy a house, you’ll need a:

Only physicians and surgeons will earn a salary that will allow them to afford a home here in 2029, buying as a single person.

Thirty-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Nassau County-Suffolk County, NY (MSAD)

We estimate the median house price in Nassau County-Suffolk County, NY (MSAD), will be $1,229,729 in 2029.

This means to buy a house, you’ll need a:

Only five of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

These are: marketing managers, information systems managers, architects, dentists and physicians and surgeons.

## New Haven-Milford, CT

We estimate the median house price in Milwaukee-Waukesha, WI, will be $482,225 in 2029.

This means to buy a house, you’ll need a:

Thirty-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred eighty-nine of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## New Orleans-Metairie, LA

We estimate the median house price in New Orleans-Metairie, LA, will be $329,306 in 2029.

This means to buy a house, you’ll need a:

One hundred five of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred sixty-six of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## New York-Jersey City-White Plains, NY-NJ (MSAD)

We estimate the median house price in New York-Jersey City-White Plains, NY-NJ (MSAD), will be $1,106,730 in 2029.

This means to buy a house, you’ll need a:

No occupation listed in the Bureau of Labor Statistics will pay you a high enough salary to buy a home here, as a single person.

Twenty-four of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Newark, NJ-PA (MSAD)

We estimate the median house price in Newark, NJ-PA (MSAD), will be $606,640 in 2029.

This means to buy a house, you’ll need a:

Eleven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred eighteen of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## North Port-Sarasota-Bradenton, FL

We estimate the median house price in North Port-Sarasota-Bradenton, FL, will be $655,062 in 2029.

This means to buy a house, you’ll need a:

Only eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Oakland-Berkeley-Livermore, CA (MSAD)

We estimate the median house price in Oakland-Berkeley-Livermore, CA (MSAD), will be $1,202,192 in 2029.

This means to buy a house, you’ll need a:

Eleven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Oklahoma City, OK

We estimate the median house price in Oklahoma City, OK, will be $447,840 in 2029.

This means to buy a house, you’ll need a:

Forty-five of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Omaha-Council Bluffs, NE-IA

We estimate the median house price in Omaha-Council Bluffs, NE-IA, will be $518,976 in 2029.

This means to buy a house, you’ll need a:

One hundred sixty-nine of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Orlando-Kissimmee-Sanford, FL

We estimate the median house price in Orlando-Kissimmee-Sanford, FL, will be $656,865 in 2029.

This means to buy a house, you’ll need a:

These are: financial managers, natural science managers, marketing managers, information systems managers, architects, dentists and physicians and surgeons

One hundred five of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Oxnard-Thousand Oaks-Ventura, CA

We estimate the median house price in Oxnard-Thousand Oaks-Ventura, CA, will be $1,101,844 in 2029.

This means to buy a house, you’ll need a:

Twenty-five of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Philadelphia, PA (MSAD)

We estimate the median house price in Philadelphia, PA (MSAD), will be $380,985 in 2029.

This means to buy a house, you’ll need a:

Seventy-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred forty-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Phoenix-Mesa-Chandler, AZ

We estimate the median house price in Phoenix-Mesa-Chandler, AZ, will be $890,050 in 2029.

This means to buy a house, you’ll need a:

Only physicians and surgeons will earn a salary that will allow them to afford a home here in 2029, buying as a single person.

Forty-five of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Pittsburgh, PA

We estimate the median house price in Pittsburgh, PA, will be $340,239 in 2029.

This means to buy a house, you’ll need a:

Ninety-three of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029 if you buy as a single person.

Two hundred fifty-eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Portland-Vancouver-Hillsboro, OR-WA

We estimate the median house price in Portland-Vancouver-Hillsboro, OR-WA, will be $734,179 in 2029.

This means to buy a house, you’ll need a:

Only three of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

These are: commercial pilots, computer and information system managers and physicians and surgeons.

Seventy-eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Providence-Warwick, RI-MA

We estimate the median house price in Providence-Warwick, RI-MA, will be $685,124 in 2029.

This means to buy a house, you’ll need a:

They are: commercial pilots, financial managers, natural sciences managers, marketing managers, information systems managers, architects, dentists and physicians and surgeons.

Ninety-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Raleigh-Cary, NC

We estimate the median house price in Raleigh-Cary, NC, will be $859,672 in 2029.

This means to buy a house, you’ll need a:

Fifty-four of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Richmond, VA

We estimate the median house price in Richmond, VA, will be $627,237 in 2029.

This means to buy a house, you’ll need a:

Ten of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred seventeen of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Riverside-San Bernardino-Ontario, CA

We estimate the median house price in Riverside-San Bernardino-Ontario, CA, will be $782,354 in 2029.

This means to buy a house, you’ll need a:

Only two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

These are airline pilots and physicians and surgeons.

Sixty-eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Rochester, NY

We estimate the median house price in Rochester, NY, will be $288,164 in 2029.

This means to buy a house, you’ll need a:

One hundred twenty-six of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029 if you buy as a single person.

Two hundred seventy-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Sacramento-Roseville-Folsom, CA

We estimate the median house price in Sacramento-Roseville-Folsom, CA, will be $714,407 in 2029.

This means to buy a house, you’ll need a:

Only four of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

These are: commercial pilots, information systems managers, architects and physicians and surgeons.

Eighty-two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Salt Lake City, UT

We estimate the median house price in Salt Lake City, UT, will be $910,283 in 2029.

This means to buy a house, you’ll need a:

Forty-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## San Antonio-New Braunfels, TX

We estimate the median house price in San Antonio-New Braunfels, TX, will be $394,359 in 2029.

This means to buy a house, you’ll need a:

Sixty-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred thirty-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## San Diego-Chula Vista-Carlsbad, CA

We estimate the median house price in San Diego-Chula Vista-Carlsbad, CA, will be $1,628,370 in 2029.

This means to buy a house, you’ll need a:

Only two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

These are commercial pilots and physicians and surgeons.

## San Francisco-San Mateo-Redwood City, CA (MSAD)

We estimate the median house price in San Francisco-San Mateo-Redwood City, CA (MSAD), will be $1,255,200 in 2029.

This means to buy a house, you’ll need a:

Ten of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## San Jose-Sunnyvale-Santa Clara, CA

We estimate the median house price in San Francisco-San Mateo-Redwood City, CA (MSAD), will be $1,977,260 in 2029.

This means to buy a house, you’ll need a:

Only one occupation (physicians and surgeons) will earn a salary that will allow them to afford a home in 2029, if they buy as a couple.

## Seattle-Bellevue-Kent, WA (MSAD)

We estimate the median house price in Seattle-Bellevue-Kent, WA (MSAD), will be $1,127,760 in 2029.

This means to buy a house, you’ll need a:

Twenty-three of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## St. Louis, MO-IL

We estimate the median house price in St. Louis, MO-IL, will be $262,586 in 2029.

This means to buy a house, you’ll need a:

One hundred sixty-three of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred eighty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Stockton, CA

We estimate the median house price in Stockton, CA, will be $716,664 in 2029.

This means to buy a house, you’ll need a:

Only four of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

These are: airline pilots, information systems managers, architects, and physicians and surgeons.

Eighty-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Syracuse, NY

We estimate the median house price in Syracuse, NY, will be $280,544 in 2029.

This means to buy a house, you’ll need a:

One hundred thirty-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred eighty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Tacoma-Lakewood, WA (MSAD)

We estimate the median house price in Tacoma-Lakewood, WA (MSAD), will be $803,464 in 2029.

This means to buy a house, you’ll need a:

Only two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

These are: commercial pilots and physicians and surgeons.

Sixty-six of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Tampa-St. Petersburg-Clearwater, FL

We estimate the median house price in Tampa-St. Petersburg-Clearwater, FL, will be $726,385 in 2029.

This means to buy a house, you’ll need a:

These are: commercial pilots and physicians and surgeons, architects and information systems managers.

Seventy-eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Tucson, AZ

We estimate the median house price in Tucson, AZ, will be $677,482 in 2029.

This means to buy a house, you’ll need a:

These are: commercial pilots, physicians and surgeons, architects, information systems managers, dentists, financial managers, and marketing managers.

Ninety-three of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Tulsa, OK

We estimate the median house price in Tulsa, OK, will be $360,506 in 2029.

This means to buy a house, you’ll need a:

Eighty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred forty-eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Urban Honolulu, HI

We estimate the median house price in Urban Honolulu, HI, will be $777,140 in 2029.

This means to buy a house, you’ll need a:

Only two of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

These are airline pilots and physicians and surgeons.

Sixty-eight of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Virginia Beach-Norfolk-Newport News, VA-NC

We estimate that the median house price in Virginia Beach-Norfolk-Newport News, VA-NC, will be $616,119 in 2029.

This means to buy a house, you’ll need a:

Only ten of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

These are: airline pilots, data scientists, financial managers, natural science managers, lawyers, marketing managers, information systems managers, architects, dentists and physicians and surgeons.

One hundred seventeen of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Warren-Troy-Farmington Hills, MI (MSAD)

We estimate the median house price in Warren-Troy-Farmington Hills, MI (MSAD), will be $292,665 in 2029.

This means to buy a house, you’ll need a:

One hundred twenty-three of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred seventeen of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Washington-Arlington-Alexandria, DC-VA-MD-WV (MSAD)

We estimate the median house price in Washington-Arlington-Alexandria, DC-VA-MD-WV (MSAD), will be $871,223 in 2029.

This means to buy a house, you’ll need a:

Only one of the 282 occupations listed in the Bureau of Labor Statistics (physicians and surgeons) will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Fifty of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## West Palm Beach-Boca Raton-Boynton Beach, FL (MSAD)

We estimate the median house price in West Palm Beach-Boca Raton-Boynton Beach, FL (MSAD), will be $943,278 in 2029.

This means to buy a house, you’ll need a:

Thirty-four of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Wichita, KS

We estimate the median house price in Wichita, KS, will be $302,704 in 2029.

This means to buy a house, you’ll need a:

One hundred nineteen of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

Two hundred seventy-four of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Wilmington, DE-MD-NJ (MSAD)

We estimate the median house price in Wilmington, DE-MD-NJ (MSAD), will be $484,920 in 2029.

This means to buy a house, you’ll need a:

One hundred eighty-nine of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Winston-Salem, NC

We estimate the median house price in Winston-Salem, NC, will be $445,290 in 2029.

This means to buy a house, you’ll need a:

Forty-one of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

One hundred ninety-seven of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

## Worcester, MA-CT

We estimate the median house price in Worcester, MA-CT, will be $639,520 in 2029.

This means to buy a house, you’ll need a:

Ten of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a single person.

These are: airline pilots, data scientists, financial managers, natural science managers, lawyers, marketing managers, information systems managers, architects, dentists and physicians and surgeons.

One hundred fourteen of the 282 occupations listed in the Bureau of Labor Statistics will pay a salary that will allow you to afford a home in 2029, if you buy as a couple.

*MSADs are Metropolitan Statistical Area Divisions. These are core areas of a larger MSA, or Metropolitan Statistical Area. When an MSA is large enough, there are defined MDs / MSADs. Therefore, everything labeled as MSAD is a Division, while everything not labeled MSAD is an MSA.

## Methodology

We used median salary data from the Bureau of Labor Statistics Occupational Outlook Handbook and inflation rates from 2013 to 2023 from the Bureau of Labor Statistics Consumer Price Index to determine how each occupation’s median purchasing power has changed over the last 10 years.

We then projected these median salaries and inflation rates forward over the next one, five, and 10 years to determine how each occupation’s purchasing power could potentially change between now and 2033.

We also looked at how property prices have changed, using the Federal Housing Finance Agency’s House Price Index from 1991 to 2023. This covered data for all 50 states and Washington, DC, as well as the 100 largest metropolitan areas in the USA. We then combined this with median house price data in the same regions from Redfin.

We projected the five- and 10-year NSA indexes forward to estimate the cost of single-family house in one, three, five and 10 years.

We then used Freddie Mac’s 4.1 multiple of the annual salaries to calculate how much people could borrow for their mortgages and find out the homes that people could afford based on their future projected salaries.

Nicholas Rizzo is an expert in data-driven research and digital PR, with 8 years of experience specializing in crafting original data studies and research for brands by turning complex datasets into compelling, data-centric narratives that are thee authoritative source to speak to the questions, topics, trends, and news that are core to their industry and target audiences.

## Latest Articles

Prev

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

Next

#### Disclaimer

The content provided on Moneywise is information to help users

become

financially literate. It is neither tax nor legal advice,

is not intended to be relied upon as a forecast, research or investment advice, and is not a

recommendation, offer or solicitation to buy or sell any

securities or to adopt any investment strategy. Tax, investment and all other decisions should be made,

as appropriate, only with guidance from a

qualified professional. We make no representation or warranty of any kind, either express or implied,

with respect to the data provided, the timeliness

thereof, the results to be obtained by the use thereof or any other matter.

Source link