UTAH # 1 – Though middle class households are pinching their pennies, they still desire home ownership as a means to increase personal wealth, according to a new study by personal finance resource SmartAsset. Researchers looked at the states in which the middle class is the strongest financially, factoring in housing costs, incomes, and job growth, among other criteria.
The middle class is defined as households who earn between two-thirds to double the national median household income, often between $35,000 to $100,000, the study notes. The Midwest has the highest number of residents meeting the middle class cost-to-income threshold and includes six of the top 10 states for middle class residents in 2019: Iowa, Nebraska, Indiana, South Dakota, Wisconsin, and Minnesota.
Linda Secrist & Associates is the top selling team in luxury homes in the SLC Market. They have received countless awards over the past 20 years, including “Sales Team of The Year” for over 10 years including 2018! Linda Secrist is #54 in the top 100 Agents in the World in luxury residential real estate. If you’re searching for homes in Sandy, Salt Lake, Cottonwood Heights, Millcreek, Draper, South Jordan, Bountiful, Centerville, Farmington or anywhere in northern Utah, Linda Secrist & Associates are the real estate agents to call. If you’re buying or selling a home, don’t hesitate to text or call us at 801-455-9999!