None of the San Jose area's 10 most common jobs can buy a home in Morgan Hill
The typical house costs $1,369,935. At today's 7.32% mortgage rate, buying it takes $386,007 a year.
ESTIMATEHome price and rent for Morgan Hill, and jobs and tax for the San Jose area. How the estimate works
THE SAN JOSE AREA'S 10 MOST COMMON JOBS, BY MEDIAN PAY
MEDIAN PAY
Rent apt $152K
Rent house $191K
Buy $386K
You
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Computer and information systems managers
$291,660Rent a house
Registered nurses
$216,740Rent a house
Software developers
$213,110Rent a house
Computer occupations, all other
$184,430Rent an apt
General and operations managers
$163,860Rent an apt
Fast food and counter workers
$44,570Rent over 30%
Retail salespersons
$44,220Rent over 30%
Janitors and cleaners
$43,870Rent over 30%
Cashiers
$42,960Rent over 30%
Home health and personal care aides
$37,640Rent 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.