In These 32 Cities, Residents Can Afford a Home While Making Less Than $100K
Midsize cities, such as Milwaukee and Laredo, Texas, make up the majority of the metros on the list
Oct. 29, 2024
Image: Kovacs / stock.adobe.com
In St. Louis, a salary of $65,692 per year is needed to comfortably afford a home.
Homebuyers have faced challenges in recent years due to rising home prices and high mortgage rates. However, a recent study from GOBankingRates identified 32 major cities where a household can purchase a home with an income of just $100,000 or less. The most affordable metros include St. Louis, where those who earn $65,692 per year can afford a home; Laredo, Texas, where buyers need to make $69,003 per year; and Milwaukee, where buyers need to earn $70,807 per year.
The study considered the cost of mortgage payments, groceries, health care, utilities and miscellaneous items and made sure a homeowner could live comfortably while still paying the bills.
