Study finds salaries aren’t keeping pace with soaring mortgage costs

(WJAR) — As the cost of owning a home continues to rise, salaries aren’t even close to keeping pace.

Real estate listing site Zoocasa recently crunched the numbers – looking at how much monthly mortgage payments have climbed compared to salaries over the last decade.

In Massachusetts, monthly mortgage payments are up 188% over the last 10 years.

In Rhode Island, monthly mortgage payments have climbed more than 200% since 2014…

Story continues

TRENDING NOW

LATEST LOCAL NEWS