The salary you need to earn to be able to afford a home in 15 major US cities

This Is the Salary You Need to Afford the Average Home in Your State. You can make less than $50,000 and still be able to afford a home, found this study. 45/52 wikimedia commons.. click through to see the salary you need to live comfortably in 50 major U.S. cities.

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Using this rule as our benchmark, we calculated the minimum salary required to afford the average home in each state. Top Five Places Where You Need the Highest Salaries to Afford the Average Home. 1. Hawaii: $153,520 for a house worth $610,000. 2. Washington, DC: $138,440 for a house worth $549,000. 3. California: $120,120 for a house worth $499,900. 4.

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The salary you need to earn to be able to afford a home in 15 major US cities CNBC – Emmie Martin In Columbus, Ohio, you could afford to buy a home on a salary of less than $30,000.

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I don’t want to see this happen to the next generation. She has lived in the city most of her life and never owned a home here. "San Francisco is unaffordable on so many levels," she said. A recent.

Data and Methodology. In order to estimate the salary needed to afford home payments in the largest 15 cities in the country, we gathered data from the U.S. Census Bureau and ran the numbers through SmartAsset’s mortgage calculator.. We started with the median home value in each city and calculated how much a 20% down payment would cost.

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