i think your income number is a bit high. median hh income is something like 60k in sd, after taxes, something more like 40k. 28% fed, 9% ss/medi, misc state tax ~= 37%. and assuming the median hh doesn’t already own a home, they dont have that tax shelter…
40/12 = 3.3k/month.
assuming a married household with 1 kid, monthly expenses are going to be significant. spending 2k/month on housing seems out of line.
adding dependants/tax exemptions, i guess monthly net goes up… still seems off. 1k/month due to dependants?
whatever, anyway. median hh not buying median homes… is that a long term trend? or a more recent development, say as of the 80’s? and what are the causes? supply? (un/under)employment and wages?
