Income to Buy a Home by State

  • Highest Salary Needed: San Jose, CA - $463.9K annual salary for a $1.8M home.

  • Lowest Salary Needed: Cleveland, OH - $58.4K annual salary.

  • National Median: $104.3K annual salary for a $389.4K home.

  • Notable Cities:

    • New York, NY: $186.1K

    • San Francisco, CA: $336.2K

    • Seattle, WA: $191.3K

    • Chicago, IL: $103.8K

    • Dallas, TX: $110.5K

    • Miami, FL: $159.5K

    • Raleigh, NC: $111.3K

    • Charlotte, NC: $100.1K

  • Regional Insights: West Coast cities generally require higher salaries. The Midwest and Southern cities are generally lower in salary requirements.

  • Monthly Mortgage Payment: Ranges significantly by city, reflecting varying home prices and cost of living. National average is around $2.4K.