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Tuesday, June 7, 2022

The salary you must earn to buy a home in the 50 largest metros Updated on: Jun 07, 2022

National data and all 50 metros, sorted by salary

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 4Q21Median Home Price% Change from 4Q21Monthly Payment (PITI)Salary Needed
National4.01%+0.76%$368,200+2.08%$1,761.85$75,508
San Jose, CA3.86%+0.50%$1,875,000+11.94%$7,717.69$330,758
San Francisco, CA3.86%+0.50%$1,380,000+5.34%$5,825.98$249,685
San Diego, CA4.01%+0.76%$905,000+7.10%$3,892.66$166,828
Los Angeles, CA4.01%+0.76%$792,500-0.68%$3,479.64$149,127
Seattle, WA4.01%+0.76%$746,200+6.60%$3,284.59$140,768
Boston, MA4.01%+0.76%$639,000+0.52%$3,038.08$130,203
New York, NY4.01%+0.76%$578,100+1.99%$3,020.70$129,459
Denver, CO4.01%+0.76%$662,200+7.22%$2,844.04$121,887
Austin, TX4.01%+0.76%$540,700+11.39%$2,675.85$114,679
Washington, D.C.4.01%+0.76%$553,000+2.90%$2,574.30$110,327
Portland, OR4.01%+0.76%$570,500+4.35%$2,549.56$109,267
Riverside/San Bernardino, CA4.01%+0.76%$560,000+5.66%$2,477.82$106,192
Sacramento, CA4.01%+0.76%$545,000+5.83%$2,471.80$105,934
Miami, FL4.01%+0.76%$530,000+6.00%$2,420.69$103,744
Salt Lake, UT4.01%+0.76%$556,900+10.12%$2,355.97$100,970
Providence, RI4.01%+0.76%$406,700+1.55%$2,064.47$88,477
Phoenix, AZ4.01%+0.76%$474,500+6.44%$2,013.54$86,295
Las Vegas, NV4.01%+0.76%$461,100+7.63%$1,962.72$84,116
Raleigh, NC4.01%+0.76%$439,100+4.80%$1,949.76$83,561
Dallas, TX4.01%+0.76%$365,400+4.40%$1,893.85$81,165
Orlando, FL4.01%+0.76%$399,900+5.24%$1,856.69$79,573
Chicago, IL4.01%+0.76%$325,400+2.29%$1,784.14$76,463
Tampa, FL4.01%+0.76%$379,900+7.01%$1,759.71$75,416
Houston, TX4.01%+0.76%$330,800+4.39%$1,742.37$74,673
Minneapolis, MN4.01%+0.76%$355,800+1.08%$1,730.06$74,145
Baltimore, MN4.01%+0.76%$350,900-0.82%$1,722.08$73,803
Nashville, TN4.01%+0.76%$387,200+4.06%$1,715.04$73,502
Jacksonville, FL4.01%+0.76%$365,900+5.45%$1,714.18$73,465
Hartford, IN4.01%+0.76%$291,000-1.36%$1,707.18$73,165
Charlotte, NC4.01%+0.76%$379,900+2.59%$1,688.13$72,348
San Antonio, TX4.01%+0.76%$321,100+2.75%$1,654.37$70,901
Atlanta, GA4.01%+0.76%$350,300+3.18%$1,624.43$69,619
Philadelphia, PA4.01%+0.76%$297,900-2.84%$1,623.29$69,569
Richmond, VA4.01%+0.76%$354,500+2.16%$1,601.34$68,629
Milwaukee, WI4.01%+0.76%$298,800-3.55%$1,538.18$65,922
Kansas, KS4.01%+0.76%$287,400+2.86%$1,411.83$60,507
Columbus, OH4.01%+0.76%$274,300+0.55%$1,384.16$59,321
Virginia Beach, VA4.01%+0.76%$289,900+1.72%$1,382.39$59,245
New Orleans, LA4.01%+0.76%$281,100+5.72%$1,349.91$57,853
Birmingham, AL4.01%+0.76%$289,500+4.82%$1,298.78$55,662
Indianapolis, IN4.01%+0.76%$271,600+0.93%$1,250.33$53,586
Memphis, TN4.01%+0.76%$259,300-0.54%$1,229.46$52,691
Cincinnati, OH4.01%+0.76%$244,300-0.08%$1,209.60$51,840
Buffalo, NY4.01%+0.76%$202,300-6.65%$1,202.25$51,525
Detroit, MI4.01%+0.76%$224,300-6.85%$1,173.71$50,302
St. Louis, MO4.01%+0.76%$216,700-1.81%$1,143.06$48,988
Louisville, KY4.01%+0.76%$235,400-2.77%$1,122.82$48,121
Cleveland, OH4.01%+0.76%$192,700-1.53%$1,060.46$45,448
Oklahoma, OK4.01%+0.76%$198,200-1.64%$1,056.99$45,299
Pittsburgh, PA4.01%+0.76%$185,700-2.26%$1,000.02$42,858
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