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With the Income You Need to Buy a Median-Priced Home rising, you may need to Learn About Adjustable Rate Mortgages to preserve affordability.

With the Income You Need to Buy a Median-Priced Home rising, you may need to Learn About Adjustable Rate Mortgages to preserve affordability.

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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 4Q21 Median Home Price % Change from 4Q21 Monthly Payment (PITI) Salary Needed
National 4.01% +0.76% $368,200 +2.08% $1,761.85 $75,507.75
Atlanta 4.01% +0.76% $350,300 +3.18% $1,624.43 $69,618.60
Austin 4.01% +0.76% $540,700 +11.39% $2,675.85 $114,679.39
Baltimore 4.01% +0.76% $350,900 -0.82% $1,722.08 $73,803.48
Birmingham 4.01% +0.76% $289,500 +4.82% $1,298.78 $55,661.98
Boston 4.01% +0.76% $639,000 +0.52% $3,038.08 $130,203.37
Buffalo 4.01% +0.76% $202,300 -6.65% $1,202.25 $51,524.96
Charlotte 4.01% +0.76% $379,900 +2.59% $1,688.13 $72,348.43
Chicago 4.01% +0.76% $325,400 +2.29% $1,784.14 $76,463.24
Cincinnati 4.01% +0.76% $244,300 -0.08% $1,209.60 $51,840.19
Cleveland 4.01% +0.76% $192,700 -1.53% $1,060.46 $45,448.11
Columbus 4.01% +0.76% $274,300 +0.55% $1,384.16 $59,320.96
Dallas 4.01% +0.76% $365,400 +4.40% $1,893.85 $81,164.99
Denver 4.01% +0.76% $662,200 +7.22% $2,844.04 $121,887.60
Detroit 4.01% +0.76% $224,300 -6.85% $1,173.71 $50,301.81
Hartford 4.01% +0.76% $291,000 -1.36% $1,707.18 $73,164.95
Houston 4.01% +0.76% $330,800 +4.39% $1,742.37 $74,673.21
Indianapolis 4.01% +0.76% $271,600 +0.93% $1,250.33 $53,585.62
Jacksonville 4.01% +0.76% $365,900 +5.45% $1,714.18 $73,464.79
Kansas City 4.01% +0.76% $287,400 +2.86% $1,411.83 $60,507.11
Las Vegas 4.01% +0.76% $461,100 +7.63% $1,962.72 $84,116.45
Los Angeles 4.01% +0.76% $792,500 -0.68% $3,479.64 $149,127.27
Louisville 4.01% +0.76% $235,400 -2.77% $1,122.82 $48,120.91
Memphis 4.01% +0.76% $259,300 -0.54% $1,229.46 $52,691.29
Miami 4.01% +0.76% $530,000 +6.00% $2,420.69 $103,743.70
Milwaukee 4.01% +0.76% $298,800 -3.55% $1,538.18 $65,921.81
Minneapolis 4.01% +0.76% $355,800 +1.08% $1,730.06 $74,145.28
Nashville 4.01% +0.76% $387,200 +4.06% $1,715.04 $73,501.92
New Orleans 4.01% +0.76% $281,100 +5.72% $1,349.91 $57,853.22
New York City 4.01% +0.76% $578,100 +1.99% $3,020.70 $129,458.62
Oklahoma City 4.01% +0.76% $198,200 -1.64% $1,056.99 $45,299.47
Orlando 4.01% +0.76% $399,900 +5.24% $1,856.69 $79,572.52
Philadelphia 4.01% +0.76% $297,900 -2.84% $1,623.29 $69,569.45
Phoenix 4.01% +0.76% $474,500 +6.44% $2,013.54 $86,294.62
Pittsburgh 4.01% +0.76% $185,700 -2.26% $1,000.02 $42,858.07
Portland 4.01% +0.76% $570,500 +4.35% $2,549.56 $109,266.67
Providence 4.01% +0.76% $406,700 +1.55% $2,064.47 $88,477.40
Raleigh 4.01% +0.76% $439,100 +4.80% $1,949.76 $83,561.02
Richmond 4.01% +0.76% $354,500 +2.16% $1,601.34 $68,628.66
Riverside/San Bernardino 4.01% +0.76% $560,000 +5.66% $2,477.82 $106,192.33
Sacramento 4.01% +0.76% $545,000 +5.83% $2,471.80 $105,934.09
Salt Lake City 4.01% +0.76% $556,900 +10.12% $2,355.97 $100,970.01
San Antonio 4.01% +0.76% $321,100 +2.75% $1,654.37 $70,901.40
San Diego 4.01% +0.76% $905,000 +7.10% $3,892.66 $166,828.39
San Francisco 3.86% +0.50% $1,380,000 +5.34% $5,825.98 $249,685.02
San Jose 3.86% +0.50% $1,875,000 +11.94% $7,717.69 $330,758.29
Seattle 4.01% +0.76% $746,200 +6.60% $3,284.59 $140,768.06
St Louis 4.01% +0.76% $216,700 -1.81% $1,143.06 $48,988.44
Tampa 4.01% +0.76% $379,900 +7.01% $1,759.71 $75,416.29
Virginia Beach 4.01% +0.76% $289,900 +1.72% $1,382.39 $59,245.39
Washington, D.C. 4.01% +0.76% $553,000 +2.90% $2,574.30 $110,327.29
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