The cost of purchasing a home has become increasingly out of reach for Americans since the Covid-19 pandemic, but it’s not just the mortgage we have to worry about anymore. The cost of taxes, insurance, maintenance, energy, and even internet and cable, are all on the rise, leaving homeowners strapped for cash in the greatest economy ever.
A new Bankrate study shows the average yearly cost of owning and maintaining a single-family home is now over $18,000 — that’s 26% higher than in 2020 when those same costs were just under $14,500. Talk about the best economy ever!
The average annual cost of owning and maintaining a single-family home in the U.S. is 26% higher now compared to four years ago, according to Bankrate’s new Hidden Costs of Homeownership Study. Bankrate calculated the average costs of property taxes, homeowners insurance, home maintenance costs and electricity, internet and cable bills […]
— Read More: notthebee.com
