How much must you make to buy a local home?

How much must you make to buy a local home?

How much must you make to buy a local home?

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by KGW.com and KING5.com

kgw.com

Posted on May 20, 2014 at 9:40 PM

Updated Wednesday, May 21 at 1:39 PM

Mortgage website HSH.com looked at 27 metropolitan areas and determined how much salary someone would need to make in order to afford the principal and interest on a median-priced home.

Portland ranked 8th at $60,307.71. Seattle ranked 7th on the list at $73,851.06.

The full list:

  1. San Francisco: $137,129.55
  2. San Diego: $98,534.22
  3. New York City: $89,788.69
  4. Los Angeles: $85,964.88
  5. Boston: $79,820.01
  6. Washington, D.C.: $78,503.56
  7. Seattle: $73,851.06
  8. Portland: $60,307.71
  9. Denver: $59,892.46
  10. Miami: $59,734.23
  11. Sacramento: $58,113.87
  12. Baltimore: $53,078.51
  13. Chicago: $52,866.88
  14. Philadelphia: $50,546.25
  15. Houston: $49,036.60
  16. Dallas: $47,708.77
  17. Minneapolis: $45,732.39
  18. San Antonio: $44,506.00
  19. Orlando: $43,243.95
  20. Phoenix: $41,308.74
  21. Tampa: $36,437.56
  22. Atlanta: $34,183.44
  23. Detroit: $32,250.30
  24. Cincinnati: $31,850.18
  25. St. Louis: $31,275.49
  26. Pittsburgh: $30,177.78
  27. Cleveland: $29,788.67

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