How much do you need to earn in order to afford the principal and interest payments on a median-priced home in your metro area? HSH.com crunched the numbers.
| Metro area | Median home price | Annual salary you need to buy |
|---|---|---|
| Cleveland | $102,100 | $29,800 |
| Pittsburgh | $120,000 | $30,200 |
| St Louis | $120,500 | $31,300 |
| Cincinnati | $121,700 | $31,900 |
| Detroit | $110,750 | $32,300 |
| Atlanta | $141,900 | $34,200 |
| Tampa, Fla. | $145,000 | $36,400 |
| Phoenix | $194,300 | $41,300 |
| Orlando, Fla. | $178,000 | $43,200 |
| San Antonio, Texas | $169,300 | $44,500 |
| Minneapolis | $188,200 | $45,700 |
| Dallas | $174,800 | $47,700 |
| Houston | $184,600 | $49,000 |
| Philadelphia | $201,800 | $50,500 |
| Chicago | $176,900 | $52,900 |
| Baltimore | $224,500 | $53,100 |
| Sacramento, Calif. | $255,800 | $58,100 |
| Miami | $259,000 | $59,700 |
| Denver | $288,400 | $59,900 |
| Portland, Ore. | $271,900 | $60,300 |
| Seattle | $339,900 | $73,900 |
| Washington D.C. | $358,900 | $78,500 |
| Boston | $363,200 | $79,800 |
| Los Angeles | $406,200 | $86,000 |
| New York | $388,900 | $89,800 |
| San Diego | $483,000 | $98,500 |
| San Francisco | $679,800 | $137,100 |
Source: HSH.com
Note: Calculations based on median home prices as reported by the National Association of Realtors; mortgage rates from HSH.com data; average local property taxes from the Tax Foundation; and insurance costs from the Insurance Information Institute.
Note: Calculations based on median home prices as reported by the National Association of Realtors; mortgage rates from HSH.com data; average local property taxes from the Tax Foundation; and insurance costs from the Insurance Information Institute.
The Law Office of Beth Mann, P.C. 