Today I Read "Average hourly earnings rose to $17.16, a 0.4 percent increase from January. That was slightly faster than the 0.3 percent gain economists were expecting. Over the 12 months ending in February, wages grew by 4.1 percent." That got me thinking about living an "average" life around here.

So that means the average person working brings home about $36k a year. I guess librarians are above average? Taking a look at a similar number, Real median household income is about $46k in NY, but lower here in my neck-o-the-woods.

This Site Says the average "value" of a house is about $107k in Erie County, and our Median Income (household?) is $40k. Mortage/taxes (according to my rough guess) for an "average" house in Erie County would be about $1,000 a month.

So assuming you're perfectly "average", making $40k a year, paying $1,000 a month for your house you're paying about 50% of what you bring home *just* to own your house.

I would love to see these same numbers for the year my house was built, 1968, and compare them to the numbers for this year. If I had to guess, based on the original owners, we live in what would've been an unoffordable neighborhood 40 years ago. I guess what I'd need would just be the original sale price of my house and maybe average incomes from that time.


I didn't live in your neighborhood, but you are familiar with Upper Arlington. In Jan. 1968 we bought a home built in 1939 in a lovely area for $28,500; I think it was a $20,000 mortgage at 6.5%, for 20 years, and I'm thinking the monthly payment was $160. I think my husband's income was $7,000/year (44 hour work week), and even if I'd asked, my income wouldn't have been used to calculate the mortgage because I wasn't a teacher, apparently considered a stable job for a woman, but not librarianship. Good thing too, because I quit 2 weeks later to be a full time mom. In those days we didn't have sick leave, medical insurance, paid holidays or a retirement plan and only 1 week paid vacation, so I don't really know how you calculate even if you adjust for inflation, because those "benefits" had to be purchased with after tax dollars. Dollar for dollar, the personal deduction was probably better for families then--$500. There was no state or local income tax then either and the FICA bite was much smaller. The rule of thumb then was not to go over 33% of your income for housing expenses whether buying or renting and I think banks used that in approving mortgages. It's still a good guideline.

Interesting numbers.

I'm in an area similar to UA, but north of Lane. The other side of town is like south of Lane. Our schools are usually #1 like UA, so I think comparing our town to UA is not bad.