Here's the salary you need to afford a home in these 27 cities

Searching for your dream home, but not sure how much you can afford to spend? To afford the national median home price of $217,600, you'll need an annual salary of $49,635.

Here's how much you need to earn to afford buying a home in 27 metro areas across the country, according to HSH.com.

  • Rank

  • City

  • Salary Needed

  • Median Home Price

  • Monthly payment

  • 27
    San Francisco*
    $144,196
    $770,300
    $3,365
  • 26
    San Diego*
    $104,487
    $554,300
    $2,438
  • 25
    Los Angeles
    $90,181
    $458,900
    $2,104
  • 24
    New York City
    $85,206
    $381,000
    $1,988
  • 23
    Boston
    $79,578
    $378,500
    $1,857
  • 22
    Seattle
    $77,529
    $383,100
    $1,809
  • 21
    Washington
    $77,481
    $370,400
    $1,808
  • 20
    Denver
    $70,187
    $369,000
    $1,638
  • 19
    Portland
    $66,637
    $326,700
    $1,555
  • 18
    Miami
    $62,370
    $286,700
    $1,455
  • 17
    Sacramento
    $59,148
    $279,600
    $1,380
  • 16
    Chicago
    $57,168
    $208,600
    $1,334
  • 15
    Dallas
    $51,826
    $210,100
    $1,209
  • 14
    Baltimore
    $51,666
    $229,200
    $1,206
  • 13
    Houston
    $51,392
    $208,000
    $1,199
  • 12
    Philadelphia
    $49,576
    $203,900
    $1,157
  • 11
    Minneapolis
    $49,490
    $222,800
    $1,155
  • 10
    Orlando
    $47,666
    $207,600
    $1,112
  • 9
    San Antonio
    $46,993
    $195,500
    $1,097
  • 8
    Phoenix
    $43,667
    $223,100
    $1,019
  • 7
    Tampa
    $42,187
    $179,900
    $984
  • 6
    Atlanta
    $36,825
    $167,800
    $859
  • 5
    Detroit
    $35,538
    $142,030
    $829
  • 4
    St Louis
    $33,899
    $140,700
    $791
  • 3
    Cincinnati
    $33,784
    $137,800
    $788
  • 2
    Cleveland
    $30,498
    $111,300
    $712
  • 1
    Pittsburgh
    $29,481
    $119,950
    $688
Source: HSH.com; Updated May 26, 2016.

Notes/Methodology

*Average jumbo mortgage rate used; HSH.com determined the yearly before-tax salary a buyer would need to afford the total cost (including, principal, interest, tax and insurance payments) of a median-priced home in the 27 largest U.S. markets based on population. HSH used the average interest rate for a 30-year fixed-rate mortgage in the first quarter 2016, and assumed buyers would make a 20% down payment and spend no more than 28% of their gross income for housing. Median home prices are for the first quarter of 2016 and from the National Association of Realtors.

For more information about the methodology click here.

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