Recently the Census Bureau released a report about national household incomes. Looks like the number of households earning $100,000 or more has jumped in recent years, coming in at 19% of the 116 million households. Here’s a run down of the numbers, provided by the Institute for Luxury Home Marketing:

Here in the Twin Cities, homes priced between $300,000-500,000 are very average in my opinion. They do not have luxury trends included. The main difference between a $300,000 house and a $500,000 home is location.