Home costs: How long does it take to save for the American dream?
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Based on median wages and home listing prices, the Deseret News calculated how long it would take to save up for a down payment on a median-priced home if you lived and worked in each county. This list assumes savings to be 10 percent of median wages, an interest rate of 1.5 percent is applied to the savings account and the down payment is 5 percent of the full price of the home. The list is ordered by length of time it would take to save for a down payment in each county, from shortest to longest. House price information obtained from Zillow. Wage information obtained from the Bureau of Labor Statistics.
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