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Time needed by architects and engineers to save for down payment U.S. 2019, by market

Published by Statista Research Department, Nov 6, 2020
This statistic shows the time that architects and engineers needed to save for down payment in selected markets in the United States in 2019. In that year, architects and engineers in Syracuse, New York were able to save 2,900 U.S. dollars per month after living costs, which would allow them to afford a twenty percent down payment for a median house within seven months.

Time needed by architects and engineers to save for down payment in selected markets in the United States in 2019 (in months)

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Sources

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Release date

January 2019

Region

United States

Survey time period

2019

Supplementary notes

The source adds the following information: "Monthly savings were calculated by subtracting living costs and rent from median monthly income. The median home value has been aggregated by Census. The down payment is 20% of the home value."

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