HSH.com checked data for a study on home prices and mortgage rates in 25 cities to see which require the largest (and smallest) salaries to buy an average home.
The top three costliest cities were in California, while Ohio claimed the two lowest. San Francisco’s monthly mortgage payment is $2,695 – nearly 6 times Tampa’s $453!
Although San Diego required the second-highest salary to own a home, San Francisco’s required income was over 40% higher.
Here are the 5 cities that require the highest salaries:
Salary City
- $115,510 San Francisco, CA
- $81,570 San Diego, CA
- $72,127 Los Angeles, CA
- $66,167 New York City
- $63,673 Boston, MA
And the 5 that need the lowest:
Salary City
- $19,435 Cleveland, OH
- $22,227 Cincinnati, OH
- $22,398 St. Louis, MO
- $24,391 Atlanta, GA
- $24,651 Tampa, FL
