None of the Traverse City area's 10 most common jobs can buy a home in Alden
The typical house costs $406,070. At today's 7.32% mortgage rate, buying it takes $129,146 a year.
ESTIMATEHome price for Alden. Rent, jobs, and tax for the Traverse City area. How the estimate works
THE TRAVERSE CITY AREA'S 10 MOST COMMON JOBS, BY MEDIAN PAY
MEDIAN PAY
Rent apt $74K
Rent house $90K
Buy $129K
You
Enter your pay above to add your row
General and operations managers
$84,300Rent an apt
Registered nurses
$83,690Rent an apt
Office clerks, general
$44,470Rent over 30%
Waiters and waitresses
$41,380Rent over 30%
Cooks, restaurant
$37,270Rent over 30%
Home health and personal care aides
$36,480Rent over 30%
Stockers and order fillers
$35,460Rent over 30%
Retail salespersons
$34,540Rent over 30%
Cashiers
$30,920Rent over 30%
Fast food and counter workers
$28,560Rent over 30%
Each line is the yearly pay where that home fits the rule: rent at 30% of pay or less, and the mortgage, tax, insurance, and HOA at 28% of pay or less.