Real Estate prices go through extremes across our United States. You can practically be homeless and still afford a home in Cleveland while you need to own Google in order to live indoors within the San Francisco city limits.
Take a look at this list, via Business Insider, and see just how much you need to earn to afford a home in these US cities:
CLEVELAND: You’d have to earn at least $19,435 to buy an average home.
Average home price: $112,800
Monthly mortgage payment: $453.49
Minimum annual salary: $19,435.17
ST. LOUIS: You’d have to earn at least $22,398 to buy an average home.
Average home price: $130,300
Monthly mortgage payment: $522.61
Minimum annual salary: $22,397.54
ATLANTA: You’d have to earn at least $24,391 to buy an average home.
Average home price: $142,400
Monthly mortgage payment: $569.12
Minimum annual salary: $24,390.94
TAMPA: You’d have to earn at least $24,651 to buy an average home.
Average home price: $142,400
Monthly mortgage payment: $575.19
Minimum annual salary: $24,650.88
SAN ANTONIO: You’d have to earn at least $29,305 to buy an average home.
Average home price: $171,700
Monthly mortgage payment: $683.79
Minimum annual salary: $29,305.47
CHICAGO: You’d have to earn at least $32,389 to buy an average home.
Average home price: $187,100
Monthly mortgage payment: $755.74
Minimum annual salary: $32,388.90
PHOENIX: You’d have to earn at least $32,812 to buy an average home.
Average home price: $192,700
Monthly mortgage payment: $765.61
Minimum annual salary: $32,811.94
PHILADELPHIA: You’d have to earn at least $36,836 to buy an average home.
Average home price: $214,300
Monthly mortgage payment: $859.52
Minimum annual salary: $36,836.47
BALTIMORE: You’d have to earn at least $41,155 to buy an average home.
Average home price: $241,700
Monthly mortgage payment: $960.29
Minimum annual salary: $41,155.40
MIAMI: You’d have to earn at least $43,918 to buy an average home.
Average home price: $254,900
Monthly mortgage payment: $1,024.77
Minimum annual salary: $43,918.66
PORTLAND: You’d have to earn at least $45,872 to buy an average home.
Average home price: $267,500
Monthly mortgage payment: $1,070.36
Minimum annual salary: $45,872.78
DENVER: You’d have to earn at least $48,123 to buy an average home.
Average home price: $279,300
Monthly mortgage payment: $1,122.86
Minimum annual salary: $48,122.72
SEATTLE: You’d have to earn at least $59,130 to buy an average home.
Average home price: $344,400
Monthly mortgage payment: $1,379.70
Minimum annual salary: $59,129.86
WASHINGTON, D.C.: You’d have to earn at least $62,810 to buy an average home.
Average home price: $368,000
Monthly mortgage payment: $1,465.56
Minimum annual salary: $62,809.63
BOSTON: You’d have to earn at least $63,673 to buy an average home.
Average home price: $371,300
Monthly mortgage payment: $1,485.71
Minimum annual salary: $63,673.13
NEW YORK CITY: You’d have to earn at least $66,167 to buy an average home.
Average home price: $386,300
Monthly mortgage payment: $1,543.90
Minimum annual salary: $66,167.27
LOS ANGELES: You’d have to earn at least $72,127 to buy an average home.
Average home price: $423,900
Monthly mortgage payment: $1,682.96
Minimum annual salary: $72,126.90
SAN FRANCISCO :You’d have to earn at least $115,510 to buy an average home.
Average home price: $682,410
Monthly mortgage payment: $2,695.23
Minimum annual salary: $115,510.06
