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The Most and Least Affordable Cities in America

Some cities require you to make a high salary to afford a home, but others require an annual salary of a little over $30,000 a year. Take a look at the top 10 cities that don’t require a high salary and the top 10 that do. HSH.com pulled together these interesting statistics.

    10 Cities You Don’t Need a High Salary to Afford

 

10.  San Antonio

  minimum salary to afford a home: $45, 374.30

  median home price: $185,500

  average interest rate for a 30-year mortgage: 4.09%

9. Orlando

  minimum salary to afford a home: $42,143.30

  median home price: $180,000

  average interest rate for a 30-year mortgage: 4.07%

8. Phoenix

  minimum salary to afford a home: $40,658.08

  median home price: $200,300

  average interest rate for a 30-year mortgage: 4.06%

7. Tampa

  minimum salary to afford a home: $37,732.30

  median home price: $160,000

  average interest rate for a 30-year mortgage: 4.13%

6. Atlanta

  minimum salary to afford a home: $35,800.11

  median home price: $157,700

  average interest rate for a 30-year mortgage: 4.09%

5. Detroit

  minimum salary to afford a home: $35,521.47

  median home price: $135,800

  average interest rate for a 30-year mortgage: 4.18%

4. Cincinnati

  minimum salary to afford a home: $33,485.23

  median home price: $138,100

  average interest rate for a 30-year mortgage: 4.09%

3. St. Louis

  minimum salary to afford a home: $33,323.09

  median home price: $138,400

  average interest rate for a 30-year mortgage: 4.03%

2. Cleveland

  minimum salary to afford a home: $32,010.41

  median home price: $121,200

  average interest rate for a 30-year mortgage: 4.05%

1. Pittsburgh

  minimum salary to afford a home: $31,716.32

  median home price: $135,000

  average interest rate for a 30-year mortgage: 3.98%

 

               10 Cities You Need a High Salary to Afford

 

10. Miami

   minimum salary to afford a home: $58,431.48

   median home price: $265,000

   average interest rate for a 30-year mortgage: 4.09%

9. Portland

   minimum salary to afford a home: $60,603.50

   median home price: $288,000

   average interest rate for a 30-year mortgage: 4.11%

8. Denver

   minimum salary to afford a home: $61,642.15

   median home price: $314,800

   average interest rate for a 30-year mortgage: 4.08%

7. Seattle

   minimum salary to afford a home: $72,844.31

   median home price: $352,000

   average interest rate for a 30-year mortgage: 4.15%

6. Washington, D.C.

  minimum salary to afford a home: $77394.83

  median home price: $372,800

  average interest rate for a 30-year mortgage: 3.98%

5. Boston

   minimum salary to afford a home: $80,049.93

   median home price: $383,200

   average interest rate for a 30-year mortgage: 4.05%

4. New York City

   minimum salary to afford a home: $87,535.60

   median home price: $390,000

   average interest rate for a 30-year mortgage: 4.22%

3. Los Angeles

   minimum salary to afford a home: $89,664.86

   median home price: $450,900

   average interest rate for a 30-year mortgage: 4.07%

2. San Diego

   minimum salary to afford a home: $95,432.68

   median home price: $493,100

   average interest rate for a 30-year mortgage: 4.07%

1. San Francisco

   minimum salary to afford a home: $142,448.33

   median home price: $742,900

   average interest rate for a 30-year mortgage

 

 

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