3 of rural Southern Michigan's 10 most common jobs can buy a home in Sherwood
The typical house costs $156,405. At today's 7.32% mortgage rate, buying it takes $54,697 a year.
ESTIMATEHome price for Sherwood. Rent for Branch County, jobs for rural Southern Michigan, and the statewide new-buyer tax rate. How the estimate works
RURAL SOUTHERN MICHIGAN'S 10 MOST COMMON JOBS, BY MEDIAN PAY
MEDIAN PAY
Rent apt $50K
Rent house $64K
Buy $55K
You
Enter your pay above to add your row
General and operations managers
$92,990Can buy
Elementary school teachers
$61,300Can buy
Heavy and tractor-trailer truck drivers
$56,050Can buy
Office clerks, general
$44,340Rent over 30%
Miscellaneous assemblers and fabricators
$42,890Rent over 30%
Stockers and order fillers
$34,880Rent over 30%
Retail salespersons
$34,230Rent over 30%
Home health and personal care aides
$33,720Rent over 30%
Cashiers
$28,700Rent over 30%
Fast food and counter workers
$28,120Rent 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.