Do you ever wonder if you make enough money to buy a house? The National Association of REALTORS® mortgage site HSH.com figured out how much potential homeowners should make in several cities around the U.S. The data takes into account the average price of homes in each city, as well as what the average monthly mortgage payment would be.
Take a look at the data here from Realtor.org.
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The cities that require the highest salaries to afford a home:
San Francisco
Salary needed: $145,351
San Diego
Salary needed: $101,683
Los Angeles
Salary needed: $96,514
New York City
Salary needed: $92,271
Boston
Salary needed: $84,476
The cities that require the lowest salaries to afford a home:
Pittsburgh
Salary needed: $32,373
Cleveland
Salary needed: $33,909
Tampa
Salary needed: $35,732
Cincinnati
Salary needed: $35,765
St. Louis
Salary needed: $35,800