Depends where you live.
The difference between median home prices can be fourfold and more. $90k is nothing in San Jose. It's enough to afford two houses in St. Louis.
Cost of living varies, with housing being the greatest variable. Fuel costs vary as well. I have cheap electricity, but pump price is 30%-40% higher than national average.
$90k isn't affluent, but as one component of a two-income household, it does lift household income many percentiles.
The median household income in Reno has been reported between $80k and $90k, so yes, $90k should be a living wage here, but median home price is
$566,164. This is a phenomenon seen in many parts of the country. Median income is insufficient to afford an average home.
The city keeps growing, and new homes are selling as fast as they are built, so most are likely two-income households with earnings well above $90k.
NBC interviewed a local woman who together with her husband, earn $200k. She says they can't afford a home. I don't totally buy her story, but the problem is real.
In Washoe County — a swing county in a swing state — financial pressure from the housing market could have wider implications for how voters feel about the economy and what that means for their votes in November.
www.nbcnews.com
I'd cheer if Congress passed Jacky Rosen's land bill. This area is unique in that virtually all the private land has been developed.
Young people can't afford homes.
In addition to buying fewer homes, Reno adults under 25 have a higher median mortgage loan than the rest of U.S.
www.usatoday.com
Reno’s homebuying rate among young adults placed the city 75th among 100 mid-size metros in the United States. Reno was also ranked at 292 overall among all 382 cities included in the study, placing it among the bottom fourth of the list.
Reno’s low placement reflects its worsening housing affordability woes since the region bounced back from the Great Recession.