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Wondering if the income needed to buy a home in the top 50 metro areas is starting to decline? Hint: Not yet.

Wondering if the income needed to buy a home in the top 50 metro areas is starting to decline? Hint: Not yet.

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The salary you must earn to buy a home in the 50 largest metros Updated on:

National data and all 50 metros, sorted alphabetically

How much salary do you need to earn in order to afford the principal, interest, taxes and insurance payments on a median-priced home in your metro area?

Metro Area 30-Year Fixed Mortgage Rate % Change from 2Q22 Median Home Price % Change from 2Q22 Monthly Payment (PITI) Salary Needed
National 5.82% +0.34% $398,500 -3.44% $2,233.39 $95,716.69
Atlanta 5.82% +0.34% $371,200 -2.24% $2,037.54 $87,323.12
Austin 5.82% +0.34% $541,600 -11.68% $3,192.22 $136,809.50
Baltimore 5.82% +0.34% $390,600 -1.41% $2,228.80 $95,520.05
Birmingham 5.82% +0.34% $308,800 -3.14% $1,650.33 $70,728.40
Boston 5.82% +0.34% $698,900 -3.23% $3,903.78 $167,304.80
Buffalo 5.82% +0.34% $243,800 +2.78% $1,584.64 $67,913.08
Charlotte 5.82% +0.34% $400,600 -3.31% $2,132.34 $91,386.15
Chicago 5.82% +0.34% $349,400 -5.59% $2,189.57 $93,838.75
Cincinnati 5.82% +0.34% $268,400 -3.42% $1,541.61 $66,069.10
Cleveland 5.82% +0.34% $227,700 +0.93% $1,396.90 $59,867.17
Columbus 5.82% +0.34% $312,100 -3.13% $1,807.85 $77,479.43
Dallas 5.82% +0.34% $390,100 -4.43% $2,361.37 $101,201.39
Denver 5.82% +0.34% $666,000 -4.28% $3,459.59 $148,268.27
Detroit 5.82% +0.34% $266,000 -1.88% $1,573.07 $67,417.38
Hartford 5.82% +0.34% $344,100 +1.99% $2,222.47 $95,248.79
Houston 5.82% +0.34% $349,500 -2.16% $2,137.37 $91,601.76
Indianapolis 5.82% +0.34% $301,400 -0.63% $1,632.35 $69,957.92
Jacksonville 5.82% +0.34% $398,000 +0.51% $2,197.03 $94,158.39
Kansas City 5.82% +0.34% $314,500 -3.56% $1,792.89 $76,838.29
Las Vegas 5.82% +0.34% $463,500 -4.51% $2,385.49 $102,235.23
Los Angeles 5.82% +0.34% $893,200 +8.17% $4,676.97 $200,441.78
Louisville 5.82% +0.34% $263,800 +0.11% $1,468.89 $62,952.41
Memphis 5.82% +0.34% $276,700 -3.92% $1,544.41 $66,188.89
Miami 5.82% +0.34% $570,000 -3.23% $3,085.24 $132,224.49
Milwaukee 5.82% +0.34% $358,300 -1.73% $2,077.60 $89,040.21
Minneapolis 5.82% +0.34% $381,100 -1.58% $2,177.19 $93,308.33
Nashville 5.82% +0.34% $408,300 -2.44% $2,161.23 $92,624.25
New Orleans 5.82% +0.34% $278,900 -7.22% $1,593.84 $68,307.43
New York City 5.82% +0.34% $627,400 +1.03% $3,781.34 $162,057.58
Oklahoma City 5.82% +0.34% $235,300 +1.47% $1,415.65 $60,670.83
Orlando 5.82% +0.34% $425,000 -1.16% $2,336.38 $100,130.41
Philadelphia 5.82% +0.34% $349,200 +0.84% $2,135.86 $91,536.74
Phoenix 5.82% +0.34% $474,400 -4.35% $2,436.76 $104,432.77
Pittsburgh 5.82% +0.34% $210,250 -2.21% $1,283.48 $55,006.23
Portland 5.82% +0.34% $594,300 -3.57% $3,176.72 $136,145.02
Providence 5.82% +0.34% $453,800 -0.85% $2,660.43 $114,018.31
Raleigh 5.82% +0.34% $460,500 -3.58% $2,453.71 $105,158.98
Richmond 5.82% +0.34% $384,100 -1.99% $2,061.39 $88,345.31
Riverside/San Bernardino 5.82% +0.34% $567,000 -3.08% $3,025.63 $129,669.66
Sacramento 5.82% +0.34% $535,000 -6.14% $2,927.07 $125,445.84
Salt Lake City 5.82% +0.34% $561,200 -7.24% $2,880.42 $123,446.75
San Antonio 5.82% +0.34% $342,700 -1.95% $2,058.55 $88,223.68
San Diego 5.82% +0.34% $900,000 -6.82% $4,695.21 $201,223.44
San Francisco 5.49% +0.38% $1,300,000 -16.13% $6,582.73 $282,117.13
San Jose 5.49% +0.38% $1,688,000 -11.16% $8,379.62 $359,126.57
Seattle 5.82% +0.34% $741,300 -9.48% $3,944.57 $169,053.03
St Louis 5.82% +0.34% $256,800 -0.47% $1,521.38 $65,201.86
Tampa 5.82% +0.34% $405,100 -1.44% $2,222.18 $95,236.25
Virginia Beach 5.82% +0.34% $327,300 -2.71% $1,822.69 $78,115.32
Washington, D.C. 5.82% +0.34% $581,300 -7.24% $3,205.23 $137,366.96
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