Wages vary in the United States as well. For example, the national median salary for entry-level project managers is $89,286, for established project managers is $96,425, for IT project managers is $100,000, and for engineering project managers is $107,472. Directors of PMOs make the most, raking in a solid $134,791 on average a year.
The typical bank limit on monthly mortgage payments is about 28 percent of your gross monthly income. Therefore, the bank thinks you can devote up to 28 percent of your household income to your mortgage payment and expenses (including taxes, insurance and association dues).
Itâs worth noting that the 30 percent rule of thumb can also be applied to households in rental housing units â and as a group, they fare even worse than those with mortgage bills to pay. 52 percent of households that pay rent have monthly housing costs that are more than 30 percent of their income.Thereâs one other piece of data that can help us build up a clearer picture of American homeowners. The American Community Survey also has tracks the age of the main householder in owner-occupied homes.2 percent of households that pay rent have monthly housing costs that are more than 30 percent of their income. Thereâs one other piece of data that can help us build up a clearer picture of American homeowners. The American Community Survey also has tracks the age of the main householder in owner-occupied homes.