Cities With the Highest — and Lowest — Share of Income Spent on Mortgages

This story originally appeared on HireAHelper. Housing is the largest expense for the average American household. Among homeowners with a mortgage, the median share of household income going toward mortgage payments alone — not including other household expenses such as utilities — is 14.9%, according to Census Bureau data. This figure varies substantially across the country…

Original Article Posted at : https://www.moneytalksnews.com/slideshows/cities-with-the-highest-and-lowest-share-of-income-spent-on-mortgages/