A fun, yet informative and comprehensive look at how long it’ll take you to save for a new home – based on what you do for work each day. It could take anywhere from 2 to 25 years. Read on to see if you should start saving.
From the article:
We figured out how long it will take buyers in 12 professions, from cashiers to CEOs, to save up for a down payment, whether they’re bringing in $21,000 a year or $250,000-plus (we got average salaries from the Bureau of Labor Statistics). We also looked at how long that would take if they’re socking away 10% or 20% of their income each year.
Image via realtor.com