Buying a home is likely the biggest purchase you’ll ever make, and prices have been on a steady rise across the country. To afford the national median home price of $229,400, you’ll need an annual salary of $51,942.
Here's what you need to earn to afford a home in the 27 biggest metro areas in the country, according to HSH.com.
-
City
-
Salary Needed
-
Median Home Price
-
Monthly payment
-
San Francisco*
$157,912
$841,600
$3,684
-
San Diego*
$104,839
$547,800
$2,446
-
New York City
$90,750
$410,400
$2,117
-
Los Angeles
$88,315
$445,200
$2,060
-
Boston
$86,164
$414,600
$2,010
-
Washington
$83,027
$403,800
$1,937
-
Seattle
$78,118
$385,300
$1,822
-
Denver
$69,912
$362,900
$1,631
-
Portland
$65,009
$314,800
$1,516
-
Miami
$63,289
$289,900
$1,476
-
Sacramento
$61,517
$291,000
$1,435
-
Chicago
$61,068
$230,500
$1,424
-
Baltimore
$55,842
$254,500
$1,303
-
Philadelphia
$54,385
$231,700
$1,269
-
Houston
$53,684
$221,100
$1,252
-
Dallas
$52,947
$215,200
$1,235
-
Minneapolis
$50,969
$229,200
$1,189
-
San Antonio
$48,092
$199,400
$1,122
-
Orlando
$46,300
$198,000
$1,080
-
Phoenix
$43,170
$217,900
$1,007
-
Tampa
$41,488
$175,000
$968
-
Atlanta
$39,356
$181,500
$918
-
Detroit
$37,544
$152,850
$876
-
St Louis
$36,784
$157,100
$858
-
Cincinnati
$36,357
$151,900
$848
-
Pittsburgh
$33,838
$145,250
$789
-
Cleveland
$33,714
$129,700
$786
Source: HSH.com
Buying a home is likely the biggest purchase you’ll ever make, and prices have been on a steady rise across the country. To afford the national median home price of $229,400, you’ll need an annual salary of $51,942.
Here's what you need to earn to afford a home in the 27 biggest metro areas in the country, according to HSH.com.
- City
- Salary Needed
- Median Home Price
- Monthly payment
- San Francisco*$157,912$841,600$3,684
- San Diego*$104,839$547,800$2,446
- New York City$90,750$410,400$2,117
- Los Angeles$88,315$445,200$2,060
- Boston$86,164$414,600$2,010
- Washington$83,027$403,800$1,937
- Seattle$78,118$385,300$1,822
- Denver$69,912$362,900$1,631
- Portland$65,009$314,800$1,516
- Miami$63,289$289,900$1,476
- Sacramento$61,517$291,000$1,435
- Chicago$61,068$230,500$1,424
- Baltimore$55,842$254,500$1,303
- Philadelphia$54,385$231,700$1,269
- Houston$53,684$221,100$1,252
- Dallas$52,947$215,200$1,235
- Minneapolis$50,969$229,200$1,189
- San Antonio$48,092$199,400$1,122
- Orlando$46,300$198,000$1,080
- Phoenix$43,170$217,900$1,007
- Tampa$41,488$175,000$968
- Atlanta$39,356$181,500$918
- Detroit$37,544$152,850$876
- St Louis$36,784$157,100$858
- Cincinnati$36,357$151,900$848
- Pittsburgh$33,838$145,250$789
- Cleveland$33,714$129,700$786
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