Only 1 of the Memphis area's 10 most common jobs can buy a home in Somerville
The typical house costs $288,682. At today's 7.32% mortgage rate, buying it takes $86,320 a year.
ESTIMATEHome price for Somerville. Rent, jobs, and tax for the Memphis area. How the estimate works
THE MEMPHIS AREA'S 10 MOST COMMON JOBS, BY MEDIAN PAY
MEDIAN PAY
Rent apt $56K
Rent house $64K
Buy $86K
You
Enter your pay above to add your row
General and operations managers
$102,510Can buy
Registered nurses
$81,500Rent a house
Heavy and tractor-trailer truck drivers
$63,070Rent an apt
Customer service representatives
$44,090Rent over 30%
Laborers and freight, stock, and material movers, hand
$39,510Rent over 30%
Office clerks, general
$38,610Rent over 30%
Stockers and order fillers
$37,280Rent over 30%
Retail salespersons
$32,580Rent over 30%
Cashiers
$29,160Rent over 30%
Fast food and counter workers
$27,490Rent 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.