08-19-2009, 02:20 PM
According to my handy-dandy salary survey tool that I use to build our billing rates, job-for-job is about a 7% delta DC to Richmond.
e.g. Applications Systems Analyst/Programmer with a BS and 5-7yrs, we would expect to have to pay 81K in Richmond and 88K in DC (higher in Fairfax). So, dual income family in NOVA/DC will have about 14K additional gross income to put towards a mortgage. With milk, cars, etc the same price, the extra income almost always gets put towards the hou$e.
Hmmm...are townhouses included in the "median home price" or just detached SFH? At 350-400 for a TH, it is the new SFH. The amount of $100K+ jobs in this area make it hard to compete for a good property.
e.g. Applications Systems Analyst/Programmer with a BS and 5-7yrs, we would expect to have to pay 81K in Richmond and 88K in DC (higher in Fairfax). So, dual income family in NOVA/DC will have about 14K additional gross income to put towards a mortgage. With milk, cars, etc the same price, the extra income almost always gets put towards the hou$e.
Hmmm...are townhouses included in the "median home price" or just detached SFH? At 350-400 for a TH, it is the new SFH. The amount of $100K+ jobs in this area make it hard to compete for a good property.
Current: 1985 LS1 Corvette | 2014 328i Wagon F31
Former: 2010 Ford Edge | 1999 Integra GS
I have a little bit of a rub near lock but if you are turned to lock on a track there are other problems already...
Former: 2010 Ford Edge | 1999 Integra GS
I have a little bit of a rub near lock but if you are turned to lock on a track there are other problems already...