Also on the Meade County Commission agenda Tuesday are personnel actions, including the hiring of nine new employees at $17.50 an hour:
$17.50 an hour for new fire mitigation specialists means the fire crew lead also gets a raise from $15 to $19 an hour.
Those new hires in Meade County government are getting about $35,000 a year. Realtor.com says the median listing price for homes in Sturgis in November was just under $340,000, up 48% from two years ago. NerdWallet says that to finance a house at that median list price at 3% interest, with a $20,000 down payment, a decent credit score, and $600 of existing monthly debt payments (car, student loans…), a borrower should have annual income of just under $80,000.
So unless those new Meade County firefighters, jailhouse staff, and dispatchers have a spouse making $22.50 an hour full time, at least half of the houses on the market in Sturgis will be out of their range. Without a second income, those new hires will have to settle for houses under $165K, and that’s if they can come to the bank with no other debt.
Realtor.com’s listings for single-family homes in Sturgis available now start at $180,000.