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- A millennial couple moved from Hawaii to Colorado in 2017 in search of a lower cost of living.
- Despite having a six-figure household income, they’ve struggled to find a home in their budget.
- High home prices and mortgage rates have made homeownership feel out of reach for some Americans.
Jon Sibok wants his family to have a home of their own someday, but achieving that goal feels like an uphill battle.
The 29-year-old works as a production lead at a bakery and lives in Commerce City, Colorado — about 7 miles north of Denver. His girlfriend, who preferred not to have her name disclosed, is a supervisor at a food manufacturing company. Collectively, they bring in about $110,000 a year, documents viewed by Business Insider showed.
The ideal home for the couple — who have two daughters — has four bedrooms and two bathrooms, and costs no more than $400,000. Sibok said even that price would be a stretch for them now due to rising living expenses over the past few years — which have made it difficult for the couple to save enough for a down payment and subsequent mortgage payments…