Homes For Single People On Med...

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Homes For Single People On Median Wage Affordable In Just 7 Counties

Niall Colbert
Niall Colbert

2:24 PM - 7 May 2021



Single people who are on the median Irish wage are able to afford homes in just seven counties.

A new analysis of CSO data shows they would only be able to get a mortgage for a property in Cavan, Donegal, Leitrim, Longford, Mayo, Roscommon or Sligo.

The analysis compared the median salary against the median price of a house.

Across Ireland, the estimated median salary for 2020 was just over €38,000.

With a 20% deposit, this would allow a buyer to get a property worth €185,200.

This was far less than the actual median house price of €260,000.

Kieran McQuinn, a research professor at the ESRI, says the market is biased towards couples “Ever since the early 2000s, it’s almost like the mortgage market is assuming that you’re talking about a dual-income couple buying a property, unless the single income is a really high level. It’s almost built into the system.”

*Reporting by Paul O'Donoghue



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