None of the Detroit area's 10 most common jobs can buy a home in South Lyon
The typical house costs $497,918. At today's 7.32% mortgage rate, buying it takes $156,535 a year.
ESTIMATEHome price and rent for South Lyon, and jobs and tax for the Detroit area. How the estimate works
THE DETROIT AREA'S 10 MOST COMMON JOBS, BY MEDIAN PAY
MEDIAN PAY
Rent apt $66K
Rent house $73K
Buy $157K
You
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General and operations managers
$104,010Rent a house
Registered nurses
$97,280Rent a house
Miscellaneous assemblers and fabricators
$49,240Rent over 30%
Office clerks, general
$45,810Rent over 30%
Laborers and freight, stock, and material movers, hand
$40,330Rent over 30%
Stockers and order fillers
$36,720Rent over 30%
Retail salespersons
$35,130Rent over 30%
Home health and personal care aides
$35,120Rent over 30%
Cashiers
$30,090Rent over 30%
Fast food and counter workers
$29,590Rent 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.