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Key takeaways. Relocating to a less expensive part of the country when you retire can help your retirement money go further. But in today’s housing market, buying a home in a new location may ...
Sources. Quarterly Report on Household Debt and Credit [PDF], Federal Reserve.Accessed December 13, 2024. B3-3.1-01, General Income Information (05/01/2024), Fannie Mae.Accessed December 13, 2024.
50. Hawaii. Estimated cost to build a house: $288,066 Estimated hourly labor cost: $27.01 Hawaii has both the highest estimated cost to build a house and the highest estimated hourly labor cost.
According to Zillow, the typical home value in the United States is about $350,091. Depending on the home, the state, the neighborhood, your local cost of living and the market, the amount varies...
Least Affordable — New York. This probably comes as no surprise — New York is known for its pricey housing market. New Yorkers pay the highest percentage of income toward homeowner costs at ...
On the other hand, he noted that Palm Springs is a more expensive desert area. “It is a haven for luxury,” he said. “Think holiday houses, retirement houses and short-time period rentals.”
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