A lot of estate jewelry has been making waves recently, especially after the release of an infographic by the Heritage Foundation that shows the “costs” of buying an average American’s family home.
But the actual costs of buying a typical home are quite low.
In fact, according to the National Association of Realtors, an estate jewelry store typically costs between $100,000 and $250,000.
And while some may argue that this is a low price for a house, the reality is that a family will need a large amount of money to be able to afford a house.
In the infographic, the authors show how much a typical family will have to spend to afford their home.
The average family will spend $6,000 to $15,000 a year on their home, the report says.
A typical family that lives in the Bay Area spends between $20,000-25,000 per year on a home, while a family in New York City spends over $70,000 annually on a house for their family.
The cost of living in the United States is extremely high, but not too high.
In 2012, the average American had to work for a median hourly wage of $8.70 per hour to afford the average home.
In other words, an average worker making $8 an hour will have more than enough income to afford to purchase a house in the country.