In Pittsburgh, Cleveland, St. Louis and Cincinnati, you could afford a home while making less than $34,000, The Washington Post reports.
At the other end of the spectrum are New York, Los Angeles and San Diego, which require salaries of nearly $90,000 to afford the principal, interest, taxes and insurance payments on a median-priced home.
But the most expensive city by far is San Francisco, which requires an estimated $142,448, making it the only metro area requiring a six-figure salary to afford a median-priced home.
Advertisement
Related Stories
Economics
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Economics
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
Economics
NAHB CEO Tobin Says 'Housing Renaissance' on the Horizon
Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic