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Mortgage rates are moving again! Where are they headed? See our newest Two-Month Forecast for Mortgage Rates.

Mortgage rates are moving again! Where are they headed? See our newest Two-Month Forecast for Mortgage Rates.

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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 Area30-Year Fixed Mortgage Rate% Change from 1Q19Median Home Price% Change from 1Q19Monthly Payment (PITI)Salary Needed
National4.14%-0.35%$279,600+9.69%$1,426.21$61,123.21
Atlanta4.14%-0.35%$239,700+10.06%$1,176.45$50,419.42
Austin4.14%-0.35%$343,700+13.28%$1,876.49$80,421.02
Baltimore4.14%-0.35%$308,400+12.02%$1,558.59$66,796.86
Birmingham4.14%-0.35%$233,300+14.59%$1,087.76$46,618.33
Boston4.14%-0.35%$506,700+9.87%$2,505.53$107,379.75
Buffalo4.14%-0.35%$157,500+7.36%$1,023.34$43,857.46
Charlotte4.14%-0.35%$266,100+12.18%$1,260.41$54,017.65
Chicago4.14%-0.35%$278,300+13.41%$1,588.38$68,073.52
Cincinnati4.14%-0.35%$194,100+14.51%$1,048.04$44,916.13
Cleveland4.14%-0.35%$169,000+12.97%$962.68$41,257.51
Columbus4.14%-0.35%$228,300+17.98%$1,202.17$51,521.72
Dallas4.14%-0.35%$275,400+8.30%$1,524.70$65,344.35
Denver4.14%-0.35%$471,400+5.55%$2,109.08$90,389.26
Detroit4.14%-0.35%$199,027+8.47%$1,074.06$46,030.95
Hartford4.14%-0.35%$244,500+14.47%$1,508.93$64,668.45
Houston4.14%-0.35%$249,400+5.72%$1,414.55$60,623.41
Indianapolis4.14%-0.35%$203,300+9.71%$990.07$42,431.53
Jacksonville4.14%-0.35%$255,000+4.08%$1,288.71$55,230.61
Kansas City4.14%-0.35%$227,000+10.52%$1,170.96$50,183.89
Las Vegas4.14%-0.35%$301,500+0.87%$1,357.58$58,181.93
Los Angeles4.14%-0.35%$567,000+3.35%$2,607.49$111,749.70
Louisville4.14%-0.35%$198,000+12.37%$991.94$42,511.52
Memphis4.14%-0.35%$194,000+13.78%$980.78$42,033.41
Miami4.14%-0.35%$360,000+2.86%$1,772.22$75,952.25
Milwaukee4.14%-0.35%$278,100+16.07%$1,469.94$62,997.37
Minneapolis4.14%-0.35%$294,100+6.75%$1,487.34$63,742.95
Nashville4.14%-0.35%$276,800+6.75%$1,295.06$55,502.40
New Orleans4.14%-0.35%$228,700+11.83%$1,154.81$49,491.88
New York City4.14%-0.35%$420,800+6.10%$2,385.54$102,237.58
Oklahoma City4.14%-0.35%$162,400+8.85%$911.71$39,073.13
Orlando4.14%-0.35%$278,000+4.12%$1,388.63$59,512.87
Philadelphia4.14%-0.35%$254,300+13.07%$1,408.33$60,356.94
Phoenix4.14%-0.35%$285,500+3.29%$1,294.51$55,479.21
Pittsburgh4.14%-0.35%$160,000+16.11%$898.88$38,523.62
Portland4.14%-0.35%$415,300+6.32%$1,948.85$83,522.03
Providence4.14%-0.35%$316,600+11.40%$1,717.33$73,599.83
Raleigh4.14%-0.35%$296,600+6.81%$1,406.46$60,276.97
Richmond4.14%-0.35%$285,700+7.12%$1,340.46$57,448.22
Riverside/San Bernardino4.14%-0.35%$380,000+4.11%$1,779.90$76,281.54
Sacramento4.14%-0.35%$385,000+6.94%$1,844.89$79,066.54
Salt Lake City4.14%-0.35%$358,000+8.03%$1,597.53$68,465.75
San Antonio4.14%-0.35%$238,800+5.43%$1,338.85$57,379.12
San Diego4.26%-0.27%$655,000+5.65%$2,970.17$127,292.88
San Francisco4.26%-0.27%$1,050,000+12.90%$4,700.05$201,430.63
San Jose4.26%-0.27%$1,330,000+9.02%$5,830.64$249,884.51
Seattle4.14%-0.35%$542,700+9.20%$2,487.77$106,618.90
St Louis4.14%-0.35%$194,800+13.98%$1,049.14$44,963.02
Tampa4.14%-0.35%$245,000+4.30%$1,239.62$53,126.68
Virginia Beach4.14%-0.35%$247,000+13.82%$1,220.39$52,302.47
Washington, D.C.4.14%-0.35%$456,500+8.69%$2,203.79$94,448.22
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