Industry News

Idaho ranks as one of the top states where the middle class lives comfortably

Photo by Clayton on Unsplash

REALTOR Magazine

The middle class comprises the largest economic group in the country. It’s also a segment that has been increasingly cost-burdened in real estate, often paying more than 30% of their income toward housing.

[…] SmartAsset, a personal finance website and resource, compared the 50 states and the District of Columbia across seven metrics, including the percentage of households in the middle class, median household income adjusted for cost of living, median home values, homeownership rates, and more.

Given these factors, Utah and Idaho topped the list, offering more equitable income distribution and strong homeownership rates for the middle class, according to the study.

Keep reading: 10 States Where the Middle Class Lives Comfortably

Related posts

John L. Scott Chief Information Officer Teresa Duran to speak at DICE Northwest


REALTOR Magazine’s 30 Under 30 application is live!


The most-requested upgrades for homeowners in 2020