scorecardHere's how much money you need to have saved if you want to get married and buy a home in the same year in 25 cities
  1. Home
  2. life
  3. Here's how much money you need to have saved if you want to get married and buy a home in the same year in 25 cities

Here's how much money you need to have saved if you want to get married and buy a home in the same year in 25 cities

Here's how much money you need to have saved if you want to get married and buy a home in the same year in 25 cities
LifeThelife1 min read
Tying the knot and buying a home in the same year can be expensive.    Shutterstock

  • A Redfin study took a look at how much money you need to have saved to afford a wedding and a down payment in the same year in 25 US metro areas.
  • Redfin's findings assume a 20% down payment on a median-priced home for each metro area. Redfin sourced average metro-level and national wedding costs from WeddingWire.
  • As it turns out, Cleveland, Ohio, is the most affordable major US metro for newlyweds looking to buy a home.
  • Visit Business Insider's homepage for more stories.

Tying the knot is exciting, but it can also be expensive. Adding a down payment on a home to an already tight budget can seem nearly impossible in some US metros.

But, exactly how much would you need to have saved up to accomplish both milestones in the same year?

To answer that question, Seattle-based real-estate brokerage Redfin took a look at the average cost of a wedding in 25 metro areas and the median listing price of a home in the same areas.

Read more: Here's the salary you'll need if you want to afford a mortgage in 17 major US cities

Redfin's findings assume a 20% down payment on a median-priced home as of April 2019. Redfin obtained data on average metro-level and national wedding costs from WeddingWire and provided Business Insider with a photo of a median-priced home in each metro area. Redfin also provided Business Insider with the median household income in each metro area.

Keep reading to see how much you'd need to have saved to get married and buy a home in 25 US metros, ranked from most to least affordable.

READ MORE ARTICLES ON




Advertisement