And the average new home in the US is $480k, but at a median income of $31k I would never call it inexpensive. Let’s save it for the truly high value purchases like $90 espresso machines, $400 phone, $400 PC, and $300 TV. Maybe a $10k 10 year old Toyota with 150k miles left?
Median household income in the US is more like $70k. Median individual income is $40k. Median household also varies tremendously by state, Mississippi is around $44k and Maryland/DC area is $90k.
https://www.caranddriver.com/news/a43611570/average-new-car-...