Second slide Second slide

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 4Q19Median Home Price% Change from 4Q19Monthly Payment (PITI)Salary Needed
National3.70%-0.15%$274,600-0.15%$1,351.34$57,914.49
Atlanta3.70%-0.15%$235,900+1.68%$1,129.06$48,388.41
Austin3.70%-0.15%$341,500+3.67%$1,825.16$78,221.14
Baltimore3.70%-0.15%$294,400+0.10%$1,453.00$62,271.41
Birmingham3.70%-0.15%$232,100+5.17%$1,042.74$44,688.72
Boston3.70%-0.15%$494,400+2.40%$2,387.34$102,314.78
Buffalo3.70%-0.15%$154,900-4.56%$989.05$42,387.83
Charlotte3.70%-0.15%$265,400+2.67%$1,207.02$51,729.56
Chicago3.70%-0.15%$261,700+2.75%$1,486.65$63,713.51
Cincinnati3.70%-0.15%$184,000+2.00%$946.95$40,583.71
Cleveland3.70%-0.15%$160,700+0.82%$907.32$38,885.28
Columbus3.70%-0.15%$215,400+2.43%$1,117.99$47,913.99
Dallas3.70%-0.15%$269,700+0.41%$1,461.52$62,636.72
Denver3.70%-0.15%$473,800+3.45%$2,033.91$87,167.44
Detroit3.70%-0.15%$191,600-1.59%$988.70$42,372.97
Hartford3.70%-0.15%$232,500-1.15%$1,433.96$61,455.42
Houston3.70%-0.15%$245,300-0.16%$1,359.76$58,275.41
Indianapolis3.70%-0.15%$204,000+1.80%$954.77$40,918.51
Jacksonville3.70%-0.15%$260,000+1.36%$1,263.47$54,148.80
Kansas City3.70%-0.15%$219,900+1.99%$1,106.23$47,409.86
Las Vegas3.70%-0.15%$314,000+1.52%$1,348.31$57,784.90
Los Angeles3.70%-0.31%$592,800-3.97%$2,595.01$111,214.84
Louisville3.70%-0.15%$188,900-1.51%$908.50$38,935.56
Memphis3.70%-0.15%$194,800+2.42%$947.56$40,609.51
Miami3.70%-0.15%$375,000+1.76%$1,765.27$75,654.25
Milwaukee3.70%-0.15%$263,900+0.46%$1,381.50$59,207.13
Minneapolis3.70%-0.15%$292,000+1.74%$1,428.39$61,216.62
Nashville3.70%-0.15%$278,800-0.36%$1,250.45$53,590.66
New Orleans3.70%-0.15%$226,700+1.43%$1,104.10$47,318.69
New York City3.70%-0.15%$420,300-1.80%$2,322.41$99,531.68
Oklahoma City3.70%-0.15%$157,800-0.50%$868.98$37,241.91
Orlando3.70%-0.15%$285,000+1.79%$1,368.86$58,665.52
Philadelphia3.70%-0.15%$240,600-0.50%$1,357.04$58,159.02
Phoenix3.70%-0.15%$308,900+4.57%$1,328.62$56,940.78
Pittsburgh3.70%-0.15%$149,830+1.39%$835.21$35,794.87
Portland3.70%-0.15%$416,100+1.27%$1,884.27$80,754.58
Providence3.70%-0.15%$311,400+0.29%$1,636.93$70,154.34
Raleigh3.70%-0.15%$297,700+2.23%$1,357.63$58,184.01
Richmond3.70%-0.15%$280,000+2.90%$1,268.87$54,380.03
Riverside/San Bernardino3.70%-0.15%$393,000+3.42%$1,765.30$75,655.57
Sacramento3.70%-0.15%$392,300+1.90%$1,810.20$77,579.92
Salt Lake City3.70%-0.15%$372,100+3.05%$1,585.92$67,968.02
San Antonio3.70%-0.15%$238,800+0.63%$1,285.74$55,103.20
San Diego3.83%-0.18%$670,000+2.29%$2,913.03$124,844.04
San Francisco3.83%-0.18%$985,000-0.51%$4,282.91$183,553.49
San Jose3.83%-0.18%$1,350,000+8.35%$5,679.80$243,420.08
Seattle3.70%-0.15%$554,400+4.84%$2,446.20$104,837.03
St Louis3.70%-0.15%$179,300-2.98%$959.98$41,142.00
Tampa3.70%-0.15%$252,000+0.80%$1,225.68$52,529.17
Virginia Beach3.70%-0.15%$235,000-0.42%$1,135.92$48,682.09
Washington, D.C.3.70%-0.15%$438,900+0.62%$2,060.81$88,320.54
Leave a Comment

 
Prev12345Next
Add to Homescreen?
X
X
Install this web app on your phone :tap and then Add to homescreen