There’s a growing gap here and nationwide between income levels and the median house price but, despite that, the region and state remain an affordable place to buy a house, say local housing professionals. A recent study by QuoteWizard, a division of the Lending Tree LLC mortgage company, found that in Kansas the median income increased by 24.17 percent since 2012, but that the median home price increased by 44.58 percent during that same time. That led to a difference between wage increases and housing costs of $109,966. Not good – but the good news is that it’s not as bad as other areas of the country. In Rhode Island, the difference in increase was 32.41 percent and in Massachusetts, the difference was $404,869 between income and costs.
Source: Parsons Sun
