Click through to see housing costs compared with average wages for the top employment sectors in Barnstable County under different employment and unemployment scenarios.
Numbers have been rounded. Sources: American Community Survey, Bureau of Labor Statistics, Cape Cod & Islands Association of Realtors, and Crane/EPR. *$410,000 was the median sales price in 2019 according to the Cape Cod & Islands Association of Realtors. Calculations assumed a 10% down payment and a 4.125% 30-year loan and used the NerdWallet mortgage calculator to estimate the monthly principal and interest payment. Calculations also used an average of the Cape town’s property tax rates that does not reflect locally-adopted residential tax exemptions, an insurance rate of $4/$1000, and a mortgage insurance rate of $45/$100,000. ^Median gross rent is from 2018 American Community Survey data ($1,268 rounded to $1,270). This analysis assumes housing costs should not exceed 30% of income.