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)
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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Statistics on "Personal savings in the United States"
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PropertyShark. (January 29, 2019). Time needed by architects and engineers to save for down payment in selected markets in the United States in 2019 (in months) [Graph]. In Statista. Retrieved February 16, 2020, from https://www.statista.com/statistics/973287/months-architects-engineers-down-payment-usa/
PropertyShark. "Time needed by architects and engineers to save for down payment in selected markets in the United States in 2019 (in months)." Chart. January 29, 2019. Statista. Accessed February 16, 2020. https://www.statista.com/statistics/973287/months-architects-engineers-down-payment-usa/
PropertyShark. (2019). Time needed by architects and engineers to save for down payment in selected markets in the United States in 2019 (in months). Statista. Statista Inc.. Accessed: February 16, 2020. https://www.statista.com/statistics/973287/months-architects-engineers-down-payment-usa/
PropertyShark. "Time Needed by Architects and Engineers to save for down Payment in Selected Markets in The United States in 2019 (in Months)." Statista, Statista Inc., 29 Jan 2019, https://www.statista.com/statistics/973287/months-architects-engineers-down-payment-usa/
PropertyShark, Time needed by architects and engineers to save for down payment in selected markets in the United States in 2019 (in months) Statista, https://www.statista.com/statistics/973287/months-architects-engineers-down-payment-usa/ (last visited February 16, 2020)
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