![]() Windows 10 and Windows 11/MM18: Battery life will vary depending on various factors including product model, configuration, loaded applications, features, use, wireless functionality, and power management settings.The maximum capacity of the battery will naturally decrease with time and usage.Battery life tested by HP using continuous Netflix video playback, Windows 10 Netflix app, 150 nits brightness, system audio level 17%, headphone attached, played full-screen, wireless on.Actual battery life will vary depending on configuration and maximum capacity will naturally decrease with time and usage.Up to 35GB of system disk is reserved for system recovery software.Multi-core is designed to improve performance of certain software products.Not all customers or software applications will necessarily benefit from use of this technology. Performance and clock frequency will vary depending on application workload and your hardware and software configurations. Intel’s numbering, branding and/or naming is not a measurement of higher performance. This is the Salary You Need to Buy a Home in 50 U.S. Citiesĭepending on where you live, owning a home may seem like a far off dream or it could be fairly realistic. In New York City, for example, a person needs to be making at least six figures to buy a home, but in Cleveland you could do it with just over $45,000 a year. This visual, using data from Home Sweet Home, maps out the annual salary you’d need for home ownership in 50 different U.S. Note: The map above refers to entire metro areas and uses Q1 2022 data on median home prices. The necessary salary was calculated by the source, looking at the base cost of principal, interest, property tax, and homeowner’s insurance. San Jose is by far the most expensive city when it comes to purchasing a home. Here’s a closer look at the numbers: Rank A person would need to earn over $330,000 annually to pay off the mortgage at a monthly rate of $7,718. Perhaps surprisingly, Boston residents need slightly higher earnings than New Yorkers to buy a home. The same is also true in Seattle and Los Angeles. Meanwhile, some of the cheapest cities to start buying up real estate in are Oklahoma City and Cleveland.Īs of April, the rate of home ownership in the U.S. This number represents the share of homes that are occupied by the owner, rather than rented out or vacant. The American Dream HomeĪs of the time of this data (Q1 2022), the national yearly fixed mortgage rate sat at 4% and median home price at $368,200. This put the salary needed to buy a home at almost $76,000-the median national household income falls almost $9,000 below that.īut what kind of homes are people looking to purchase? Depending on where you live the type of home and square footage you can get will be very different. In New York City, for example, there are fairly few stand-alone, single-family houses in the traditional sense-only around 4,000 are ever on the market. People in the Big Apple tend to buy condominiums or multi-family units.Īdditionally, if you’re looking for luxury, not even seven figures will get you much in the big cities. In Miami, a million dollars will only buy you 833 square feet of prime real estate. One thing is for sure: the typical American dream home of the big house with a yard and white picket fence is more attainable in smaller metro areas with ample suburbs. median household income is $67,500, meaning that today the typical family could only afford a home in about 15 of the 50 metro areas highlighted above, including New Orleans, Buffalo, and Indianapolis. With the income gap widening in the U.S., the rental market remains a more attractive option for many, especially as prices are finally tapering off. How Americans Spend Their Money, By Generation The national median rent price was down nearly 3% from June to July for two-bedroom apartments.Īt the end of the day, buying a home can be an important investment and may provide a sense of security, but it will be much easier to do in certain types of cities. In 2021, the average American spent just over $60,000 a year. But where does all their money go? Unsurprisingly, spending habits vary wildly depending on age. This graphic by Preethi Lodha uses data from the U.S. A Generational Breakdown of Overall Spending Bureau of Labor Statistics to show how average Americans spend their money, and how annual expenses vary across generations. Overall in 2021, Gen X (anyone born from 1965 to 1980) spent the most money of any U.S. generation, with an average annual expenditure of $83,357. Gen X has been nicknamed the “sandwich generation” because many members of this age group are financially supporting both their aging parents as well as children of their own. The second biggest spenders are Millennials with an average annual expenditure of $69,061. Just like Gen X, this generation’s top three spending categories are housing, healthcare, and personal insurance.
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