<<Average house price LA $323,000 wage wise one needs income of over 85,000 to qualify. Minimum wage here $7.50 average wage here probably about $20.00 two income earners do not make adequate income. >>
Despite popular opinion, the greater LA basin + DC + N.Y.C. are Not the whole of our nation! Omaha NE, is good enough for Warren Buffet and:
"The metropolitan area has an abundant supply of both new and pre-owned homes dispersed throughout the city and Communities surrounding suburban communities. According to the Omaha Area Board of Realtors, the average sale price of a house in Omaha during 2001 was $145,915.
Housing in Omaha is consistently lower than the national average. During the first quarter of 2002, the median price for existing homes in the Omaha metro area was $119,000 compared to a median of $160,000 for the U.S. According to the National Association of Home Builders, Omaha was among the top 33 most affordable housing markets in the nation during the first quarter of 2002.
There are also ample rental accommodations located throughout the city with approximately 75,000 multi family housing units within the Omaha metropolitan area. According to a study by the Nebraska Chapter #12 of the Institute of Real Estate Management of the National Association of Realtors, during the fourth quarter of 2001, a two bedroom apartment with between 955 and 1,116 square feet in a suburban setting averaged approximately $669 a month to rent. One bedroom units rented for an average of $536, while the three bedroom units of the same size averaged $815 in rent. ..."
omahachamber.net
"Median household effective buying income (EBI), which is analogous to disposable personal income, was $41,216 in Omaha at the beginning of 2002, compared to the national median of $38,365.
Omaha also has a greater percentage of higher income households with 38.9 percent of households in the Omaha metropolitan area having an EBI of $50,000 and over. On the national level, only 35.3 percent of households have this level of disposable income.
The relative prosperity of the Omaha market can also be seen in the fact that more than 59 percent of Omaha area households have median household effective buying income over $35,000 per year. "
omahachamber.net |
