The stress of purchasing a new home coupled with the uncertainty of living expenses can make looking for housing an exhausting task. To avoid home-buying fatigue, buyers should check how far their salary can stretch before seriously considering signing on a home.
To assist prospective home buyers, finder.com calculated the salaries necessary to buy a home and live comfortably in 78 key cities across the US for 2020. For us, living soundly means more than just initially affording your dream home. We considered median state expenditures as well as changing rates on a 30-year mortgage.
Image Credit: monkeybusinessimages / iStock.
What does it mean to live comfortably?
Our finder.com analysis was based on:
- Median house prices
- Average 30-year interest rate based on a 20% deposit
- Mortgage repayments including mortgage interest
- Average non-mortgage debt in the city
- Average non-housing expenditures in the state
Image Credit: DepositPhotos.com.
Methodology
Median house prices data was sourced from the Zillow Home Value Index (ZHVI) by Zillow where Geography = City, accessed on Sept 10, 2020. Average 30-year interest rates in each state was sourced from bankrate on September 9, 2020. Mortgage repayments were calculated based on a 20% deposit on the median house prices in each city and the average 30-year interest rate in each state.
The average non-mortgage debt in the state was sourced from Debt in America by the Urban Institute, with prices in August 2020 dollars based on the Consumer Price Index (CPI).The average non-housing expenditures in the state was based on the per capita Personal Consumption Expenditures by State by the Bureau of Economic Analysis (BEA). We calculated personal consumption expenditures outside of housing by subtracting the per capita amount spent on housing and utilities, and adjusted to 2020 prices based on the CPI.
To calculate the required salary to buy a home, we calculated the income needed based on the ideal mortgage debt-to-income ratio of 28% and the monthly mortgage payments required in each city, making sure that the income needed for the ideal mortgage ratio was at least the sum of non-mortgage debt, yearly mortgage and non-housing expenditure in each city.
We looked at five new cities this year: San Antonio, Texas; Austin, Texas; Fort Worth, Texas; Louisville, Kentucky and Albuquerque, New Mexico. We did not include five cities that we looked at in previous years: Rochester, New York; Harrisburg, Pennsylvania; Scranton, Pennsylvania; Ogden, Utah and Youngstown, Ohio.
Image Credit: DepositPhotos.com.
78. Jackson, Mississippi
Home value: $40,920
Non-housing expenditure: $26,643
Non-mortgage debt: $15,845
Average interest rate: 2.93%
Monthly mortgage repayments: $137
Required salary: $44,129
% required salary change from 2018: -26.08%
2018 Salary: $59,697
2018 Rank: 78
Image Credit: sfe-co2 / iStock.
77. Birmingham, Alabama
Home value: $68,025
Non-housing expenditure: $29,254
Non-mortgage debt: $16,844
Average interest rate: 3.10%
Monthly mortgage repayments: $232
Required salary: $48,886
% required salary change from 2018: -2.95%
2018 Salary: $50,371
2018 Rank: 77
Image Credit: iStock/SeanPavonePhoto.
76. Memphis, Tennessee
Home value: $102,189
Non-housing expenditure: $31,037
Non-mortgage debt: $16,079
Average interest rate: 3.00%
Monthly mortgage repayments: $345
Required salary: $51,252
% required salary change from 2018: -3.68%
2018 Salary: $53,207
2018 Rank: 75
Image Credit: DepositPhotos.com.
75. Little Rock, Arkansas
Home value: $155,809
Non-housing expenditure: $29,695
Non-mortgage debt: $16,129
Average interest rate: 2.99%
Monthly mortgage repayments: $525
Required salary: $52,122
% required salary change from 2018: -4.85%
2018 Salary: $54,778
2018 Rank: 67
Image Credit: Deposit Photos.
74. Tulsa, Oklahoma
Home value: $134,628
Non-housing expenditure: $29,853
Non-mortgage debt: $17,082
Average interest rate: 3.03%
Monthly mortgage repayments: $456
Required salary: $52,405
% required salary change from 2018: -2.77%
2018 Salary: $53,899
2018 Rank: 66
Image Credit: Johnny Warrior / iStock.
73. Augusta, Georgia
Home value: $117,804
Non-housing expenditure: $30,985
Non-mortgage debt: $16,990
Average interest rate: 3.00%
Monthly mortgage repayments: $397
Required salary: $52,744
% required salary change from 2018: -4.75%
2018 Salary: $55,375
2018 Rank: 76
Image Credit: Sean Pavone / iStock.
72. Oklahoma City
Home value: $147,446
Non-housing expenditure: $29,853
Non-mortgage debt: $17,082
Average interest rate: 3.03%
Monthly mortgage repayments: $499
Required salary: $52,926
% required salary change from 2018: -3.56%
2018 Salary: $54,877
2018 Rank: 59
Image Credit: DepositPhotos.com.
71. Detroit
Home value: $38,352
Non-housing expenditure: $35,070
Non-mortgage debt: $16,618
Average interest rate: 3.07%
Monthly mortgage repayments: $131
Required salary: $53,254
% required salary change from 2018: -4.56%
2018 Salary: $55,798
2018 Rank: 69
Image Credit: iStock/espiegle.
70. Columbia, South Carolina
Home value: $151,681
Non-housing expenditure: $29,681
Non-mortgage debt: $17,845
Average interest rate: 3.04%
Monthly mortgage repayments: $514
Required salary: $53,697
% required salary change from 2018: -7.14%
2018 Salary: $57,824
2018 Rank: 47
Image Credit: Kruck20 / iStock.
69. Louisville, Kentucky
Home value: $184,900
Non-housing expenditure: $30,502
Non-mortgage debt: $15,956
Average interest rate: 3.02%
Monthly mortgage repayments: $625
Required salary: $53,961
% required salary change from 2018: N/A
2018 Salary: N/A
2018 Rank: N/A
Image Credit: hstiver / iStock.
68. Greensboro, North Carolina
Home value: $169,479
Non-housing expenditure: $30,547
Non-mortgage debt: $16,976
Average interest rate: 3.10%
Monthly mortgage repayments: $579
Required salary: $54,470
% required salary change from 2018: 0.00%
2018 Salary: $54,470
2018 Rank: 73
Image Credit: SeanPavonePhoto / iStock.
67. Chattanooga, Tennessee
Home value: $187,359
Non-housing expenditure: $31,037
Non-mortgage debt: $16,079
Average interest rate: 3.00%
Monthly mortgage repayments: $632
Required salary: $54,699
% required salary change from 2018: -0.90%
2018 Salary: $55,199
2018 Rank: 71
Image Credit: Kruck20 / iStock.
66. Wichita, Kansas
Home value: $141,637
Non-housing expenditure: $32,356
Non-mortgage debt: $16,677
Average interest rate: 3.08%
Monthly mortgage repayments: $483
Required salary: $54,824
% required salary change from 2018: -3.10%
2018 Salary: $56,577
2018 Rank: 60
Image Credit: Deposit Photos.
65. Knoxville, Tennessee
Home value: $207,022
Non-housing expenditure: $31,037
Non-mortgage debt: $16,079
Average interest rate: 3.00%
Monthly mortgage repayments: $698
Required salary: $55,495
% required salary change from 2018: 0.01%
2018 Salary: $55,491
2018 Rank: 74
Image Credit: DepositPhotos.com.
64. Greenville, South Carolina
Home value: $212,356
Non-housing expenditure: $29,681
Non-mortgage debt: $17,845
Average interest rate: 3.04%
Monthly mortgage repayments: $720
Required salary: $56,165
% required salary change from 2018: 0.76%
2018 Salary: $55,739
2018 Rank: 68
Image Credit: SeanPavonePhoto / iStock.
63. El Paso, Texas
Home value: $141,277
Non-housing expenditure: $33,606
Non-mortgage debt: $17,140
Average interest rate: 3.07%
Monthly mortgage repayments: $481
Required salary: $56,515
% required salary change from 2018: -0.49%
2018 Salary: $56,794
2018 Rank: 63
Image Credit: pabradyphoto.
62. Albuquerque, New Mexico
Home value: $223,438
Non-housing expenditure: $30,888
Non-mortgage debt: $16,518
Average interest rate: 3.07%
Monthly mortgage repayments: $760
Required salary: $56,531
% required salary change from 2018: N/A
2018 Salary: N/A
2018 Rank: N/A
Image Credit: DepositPhotos.com.
61. McAllen, Texas
Home value: $148,533
Non-housing expenditure: $33,606
Non-mortgage debt: $17,140
Average interest rate: 3.07%
Monthly mortgage repayments: $505
Required salary: $56,812
% required salary change from 2018: 3.50%
2018 Salary: $54,893
2018 Rank: 72
Image Credit: Anthony Acosta .
60. Des Moines, Iowa
Home value: $153,160
Non-housing expenditure: $33,812
Non-mortgage debt: $16,888
Average interest rate: 2.92%
Monthly mortgage repayments: $511
Required salary: $56,836
% required salary change from 2018: -5.05%
2018 Salary: $59,861
2018 Rank: 44
Image Credit: iStock.
59. Dayton, Ohio
Home value: $66,393
Non-housing expenditure: $35,712
Non-mortgage debt: $18,464
Average interest rate: 3.03%
Monthly mortgage repayments: $225
Required salary: $56,873
% required salary change from 2018: 3.01%
2018 Salary: $55,211
2018 Rank: 64
Image Credit: Madison Muskopf / iStock.
58. Tucson, Arizona
Home value: $222,612
Non-housing expenditure: $29,889
Non-mortgage debt: $18,194
Average interest rate: 2.97%
Monthly mortgage repayments: $748
Required salary: $57,059
% required salary change from 2018: -0.83%
2018 Salary: $57,536
2018 Rank: 62
Image Credit: Sean Pavone / iStock.
57. Cleveland
Home value: $72,953
Non-housing expenditure: $35,712
Non-mortgage debt: $18,464
Average interest rate: 3.03%
Monthly mortgage repayments: $247
Required salary: $57,140
% required salary change from 2018: 0.23%
2018 Salary: $57,011
2018 Rank: 58
Image Credit: iStock/Sean Pavone.
56. Akron, Ohio
Home value: $77,705
Non-housing expenditure: $35,712
Non-mortgage debt: $18,464
Average interest rate: 3.03%
Monthly mortgage repayments: $263
Required salary: $57,333
% required salary change from 2018: -1.75%
2018 Salary: $58,357
2018 Rank: 50
Image Credit: benkrut / iStock.
55. Toledo, Ohio
Home value: $82,414
Non-housing expenditure: $35,712
Non-mortgage debt: $18,464
Average interest rate: 3.03%
Monthly mortgage repayments: $279
Required salary: $57,524
% required salary change from 2018: -0.58%
2018 Salary: $57,857
2018 Rank: 57
Image Credit: Mshake / iStock.
54. Charlotte, North Carolina
Home value: $260,093
Non-housing expenditure: $30,547
Non-mortgage debt: $16,976
Average interest rate: 3.10%
Monthly mortgage repayments: $889
Required salary: $58,185
% required salary change from 2018: -4.08%
2018 Salary: $60,656
2018 Rank: 51
Image Credit: Sean Pavone / iStock.
53. San Antonio
Home value: $190,229
Non-housing expenditure: $33,606
Non-mortgage debt: $17,140
Average interest rate: 3.07%
Monthly mortgage repayments: $647
Required salary: $58,515
% required salary change from 2018: N/A
2018 Salary: N/A
2018 Rank: N/A
Image Credit: DepositPhotos.
52. Milwaukee
Home value: $140,077
Non-housing expenditure: $36,645
Non-mortgage debt: $16,219
Average interest rate: 3.17%
Monthly mortgage repayments: $483
Required salary: $58,658
% required salary change from 2018: 0.20%
2018 Salary: $58,541
2018 Rank: 61
Image Credit: iStock.
51. Houston
Home value: $195,600
Non-housing expenditure: $33,606
Non-mortgage debt: $17,140
Average interest rate: 3.07%
Monthly mortgage repayments: $666
Required salary: $58,734
% required salary change from 2018: -2.03%
2018 Salary: $59,950
2018 Rank: 56
Image Credit: Deposit Photos.
50. Kansas City, Missouri
Home value: $167,396
Non-housing expenditure: $34,722
Non-mortgage debt: $17,375
Average interest rate: 2.99%
Monthly mortgage repayments: $564
Required salary: $58,864
% required salary change from 2018: -1.86%
2018 Salary: $59,979
2018 Rank: 54
Image Credit: iStock/Sean Pavone.
49. Nashville, Tennessee
Home value: $296,806
Non-housing expenditure: $31,037
Non-mortgage debt: $16,079
Average interest rate: 3.00%
Monthly mortgage repayments: $1,001
Required salary: $59,129
% required salary change from 2018: -4.28%
2018 Salary: $61,771
2018 Rank: 46
Image Credit: Deposit Photos.
48. Grand Rapids, Michigan
Home value: $190,026
Non-housing expenditure: $35,070
Non-mortgage debt: $16,618
Average interest rate: 3.07%
Monthly mortgage repayments: $647
Required salary: $59,448
% required salary change from 2018: -2.89%
2018 Salary: $61,219
2018 Rank: 52
Image Credit: depositphotos.com.
47. Phoenix
Home value: $283,276
Non-housing expenditure: $29,889
Non-mortgage debt: $18,194
Average interest rate: 2.97%
Monthly mortgage repayments: $952
Required salary: $59,505
% required salary change from 2018: -4.63%
2018 Salary: $62,392
2018 Rank: 41
Image Credit: DepositPhotos.com.
46. Forth Worth, Texas
Home value: $215,109
Non-housing expenditure: $33,606
Non-mortgage debt: $17,140
Average interest rate: 3.07%
Monthly mortgage repayments: $732
Required salary: $59,531
% required salary change from 2018: N/A
2018 Salary: N/A
2018 Rank: N/A
Image Credit: Barbara Smyers / iStock.
45. Raleigh, North Carolina
Home value: $295,736
Non-housing expenditure: $30,547
Non-mortgage debt: $16,976
Average interest rate: 3.10%
Monthly mortgage repayments: $1,010
Required salary: $59,646
% required salary change from 2018: -5.23%
2018 Salary: $62,936
2018 Rank: 42
Image Credit: iStock/Mark Howard.
44. Lakeland, Florida
Home value: $183,228
Non-housing expenditure: $34,564
Non-mortgage debt: $18,011
Average interest rate: 2.99%
Monthly mortgage repayments: $617
Required salary: $59,981
% required salary change from 2018: -1.98%
2018 Salary: $61,192
2018 Rank: 49
Image Credit: Sean Pavone / iStock.
43. Dallas
Home value: $229,811
Non-housing expenditure: $33,606
Non-mortgage debt: $17,140
Average interest rate: 3.07%
Monthly mortgage repayments: $782
Required salary: $60,131
% required salary change from 2018: -0.77%
2018 Salary: $60,595
2018 Rank: 55
Image Credit: typhoonski.
42. Atlanta
Home value: $304,016
Non-housing expenditure: $30,985
Non-mortgage debt: $16,990
Average interest rate: 3.00%
Monthly mortgage repayments: $1,025
Required salary: $60,281
% required salary change from 2018: -2.68%
2018 Salary: $61,943
2018 Rank: 45
Image Credit: Deposit Photos.
41. Jacksonville, Florida
Home value: $200,448
Non-housing expenditure: $34,564
Non-mortgage debt: $18,011
Average interest rate: 2.99%
Monthly mortgage repayments: $675
Required salary: $60,678
% required salary change from 2018: -5.49%
2018 Salary: $64,202
2018 Rank: 34
Image Credit: iStock/Allen Allnoch.
40. Cincinnati
Home value: $171,720
Non-housing expenditure: $35,712
Non-mortgage debt: $18,464
Average interest rate: 3.03%
Monthly mortgage repayments: $581
Required salary: $61,153
% required salary change from 2018: 1.26%
2018 Salary: $60,392
2018 Rank: 43
Image Credit: Jason M. Hazard/istockphoto.
39. Charleston, South Carolina
Home value: $338,895
Non-housing expenditure: $29,681
Non-mortgage debt: $17,845
Average interest rate: 3.04%
Monthly mortgage repayments: $1,149
Required salary: $61,313
% required salary change from 2018: -6.85%
2018 Salary: $65,819
2018 Rank: 25
Image Credit: Susanne Neumann / iStock.
38. Omaha, Nebraska
Home value: $199,981
Non-housing expenditure: $36,440
Non-mortgage debt: $16,769
Average interest rate: 3.07%
Monthly mortgage repayments: $681
Required salary: $61,376
% required salary change from 2018: -3.45%
2018 Salary: $63,570
2018 Rank: 31
Image Credit: Deposit Photos.
37. Columbus, Ohio
Home value: $178,452
Non-housing expenditure: $35,712
Non-mortgage debt: $18,464
Average interest rate: 3.03%
Monthly mortgage repayments: $604
Required salary: $61,426
% required salary change from 2018: -0.66%
2018 Salary: $61,833
2018 Rank: 39
Image Credit: DepositPhotos.com.
36. Tampa, Florida
Home value: $259,983
Non-housing expenditure: $34,564
Non-mortgage debt: $18,011
Average interest rate: 2.99%
Monthly mortgage repayments: $876
Required salary: $63,084
% required salary change from 2018: -3.00%
2018 Salary: $65,038
2018 Rank: 35
Image Credit: Deposit Photos.
35. Las Vegas
Home value: $293,024
Non-housing expenditure: $35,146
Non-mortgage debt: $16,573
Average interest rate: 2.75%
Monthly mortgage repayments: $957
Required salary: $63,203
% required salary change from 2018: 0.58%
2018 Salary: $62,840
2018 Rank: 53
Image Credit: Deposit Photos.
34. Orlando, Florida
Home value: $266,793
Non-housing expenditure: $34,564
Non-mortgage debt: $18,011
Average interest rate: 2.99%
Monthly mortgage repayments: $899
Required salary: $63,359
% required salary change from 2018: -3.69%
2018 Salary: $65,786
2018 Rank: 38
Image Credit: DepositPhotos.com.
33. Baltimore
Home value: $154,327
Non-housing expenditure: $37,411
Non-mortgage debt: $19,765
Average interest rate: 3.13%
Monthly mortgage repayments: $529
Required salary: $63,527
% required salary change from 2018: -6.10%
2018 Salary: $67,656
2018 Rank: 30
Image Credit: iStock/Sean Pavone.
32. Madison, Wisconsin
Home value: $292,893
Non-housing expenditure: $36,645
Non-mortgage debt: $16,219
Average interest rate: 3.17%
Monthly mortgage repayments: $1,009
Required salary: $64,979
% required salary change from 2018: -6.92%
2018 Salary: $69,806
2018 Rank: 32
Image Credit: DepositPhotos.com.
31. Bakersfield, California
Home value: $260,534
Non-housing expenditure: $38,156
Non-mortgage debt: $16,584
Average interest rate: 3.09%
Monthly mortgage repayments: $889
Required salary: $65,407
% required salary change from 2018: -1.39%
2018 Salary: $66,326
2018 Rank: 40
Image Credit: ChrisBoswell / iStock.
30. Fresno, California
Home value: $264,254
Non-housing expenditure: $38,156
Non-mortgage debt: $16,584
Average interest rate: 3.09%
Monthly mortgage repayments: $902
Required salary: $65,560
% required salary change from 2018: 0.21%
2018 Salary: $65,420
2018 Rank: 48
Image Credit: StellaMc / iStock.
29. Providence, Rhode Island
Home value: $252,505
Non-housing expenditure: $37,388
Non-mortgage debt: $18,166
Average interest rate: 2.98%
Monthly mortgage repayments: $849
Required salary: $65,749
% required salary change from 2018: -3.40%
2018 Salary: $68,060
2018 Rank: 27
Image Credit: iStock/Sean Pavone.
28. Richmond, Virginia
Home value: $250,742
Non-housing expenditure: $37,076
Non-mortgage debt: $19,367
Average interest rate: 3.01%
Monthly mortgage repayments: $847
Required salary: $66,604
% required salary change from 2018: -2.41%
2018 Salary: $68,249
2018 Rank: 33
Image Credit: DepositPhotos.com.
27. Chicago
Home value: $254,588
Non-housing expenditure: $38,407
Non-mortgage debt: $17,837
Average interest rate: 3.05%
Monthly mortgage repayments: $864
Required salary: $66,614
% required salary change from 2018: -2.94%
2018 Salary: $68,633
2018 Rank: 22
Image Credit: dibrova.
26. Allentown, Pennsylvania
Home value: $178,748
Non-housing expenditure: $38,742
Non-mortgage debt: $20,759
Average interest rate: 3.11%
Monthly mortgage repayments: $611
Required salary: $66,839
% required salary change from 2018: 2.99%
2018 Salary: $64,901
2018 Rank: 28
Image Credit: Ultima_Gaina / iStock.
25. Pittsburgh
Home value: $183,528
Non-housing expenditure: $38,742
Non-mortgage debt: $20,759
Average interest rate: 3.11%
Monthly mortgage repayments: $628
Required salary: $67,035
% required salary change from 2018: -0.12%
2018 Salary: $67,112
2018 Rank: 21
Image Credit: iStock/f11photo.
24. Syracuse, New York
Home value: $110,075
Non-housing expenditure: $44,958
Non-mortgage debt: $17,766
Average interest rate: 3.16%
Monthly mortgage repayments: $379
Required salary: $67,271
% required salary change from 2018: -1.47%
2018 Salary: $68,275
2018 Rank: 19
Image Credit: DepositPhotos.com.
23. Philadelphia
Home value: $194,759
Non-housing expenditure: $38,742
Non-mortgage debt: $20,759
Average interest rate: 3.11%
Monthly mortgage repayments: $666
Required salary: $67,496
% required salary change from 2018: 1.78%
2018 Salary: $66,314
2018 Rank: 23
Image Credit: DepositPhotos.com.
22. Austin, Texas
Home value: $416,836
Non-housing expenditure: $33,606
Non-mortgage debt: $17,140
Average interest rate: 3.07%
Monthly mortgage repayments: $1,419
Required salary: $67,769
% required salary change from 2018: N/A
2018 Salary: N/A
2018 Rank: N/A
Image Credit: RoschetzkyIstockPhoto / iStock.
21. Stockton, California
Home value: $320,520
Non-housing expenditure: $38,156
Non-mortgage debt: $16,584
Average interest rate: 3.09%
Monthly mortgage repayments: $1,094
Required salary: $67,863
% required salary change from 2018: -1.04%
2018 Salary: $68,575
2018 Rank: 36
Image Credit: LPS.1.
20. Virginia Beach, Virginia
Home value: $295,107
Non-housing expenditure: $37,076
Non-mortgage debt: $19,367
Average interest rate: 3.01%
Monthly mortgage repayments: $997
Required salary: $68,402
% required salary change from 2018: -3.42%
2018 Salary: $70,821
2018 Rank: 18
Image Credit: ABEMOS / iStock.
19. Spokane, Washington
Home value: $270,394
Non-housing expenditure: $38,699
Non-mortgage debt: $18,709
Average interest rate: 3.09%
Monthly mortgage repayments: $923
Required salary: $68,478
% required salary change from 2018: 0.88%
2018 Salary: $67,884
2018 Rank: 29
Image Credit: ChrisBoswell / iStock.
18. Hartford, Connecticut
Home value: $123,079
Non-housing expenditure: $43,721
Non-mortgage debt: $20,157
Average interest rate: 3.08%
Monthly mortgage repayments: $419
Required salary: $68,911
% required salary change from 2018: -3.80%
2018 Salary: $71,635
2018 Rank: 17
Image Credit: DepositPhotos.com.
17. Sacramento, California
Home value: $361,593
Non-housing expenditure: $38,156
Non-mortgage debt: $16,584
Average interest rate: 3.09%
Monthly mortgage repayments: $1,234
Required salary: $69,545
% required salary change from 2018: -3.83%
2018 Salary: $72,311
2018 Rank: 20
Image Credit: Manny Chavez / iStock.
16. Colorado Springs, Colorado
Home value: $335,584
Non-housing expenditure: $36,530
Non-mortgage debt: $19,634
Average interest rate: 3.04%
Monthly mortgage repayments: $1,138
Required salary: $69,816
% required salary change from 2018: -5.58%
2018 Salary: $73,942
2018 Rank: 11
Image Credit: Postoak at English Wikipedia.
15. Albany, New York
Home value: $189,103
Non-housing expenditure: $44,958
Non-mortgage debt: $17,766
Average interest rate: 3.16%
Monthly mortgage repayments: $651
Required salary: $70,535
% required salary change from 2018: -3.79%
2018 Salary: $73,310
2018 Rank: 12
Image Credit: DepositPhotos.com.
14. New Haven, Connecticut
Home value: $195,585
Non-housing expenditure: $43,721
Non-mortgage debt: $20,157
Average interest rate: 3.08%
Monthly mortgage repayments: $666
Required salary: $71,875
% required salary change from 2018: -1.53%
2018 Salary: $72,991
2018 Rank: 15
Image Credit: iStock.
13. Portland, Oregon
Home value: $474,591
Non-housing expenditure: $35,506
Non-mortgage debt: $17,301
Average interest rate: 3.07%
Monthly mortgage repayments: $1,615
Required salary: $72,187
% required salary change from 2018: -4.77%
2018 Salary: $75,801
2018 Rank: 13
Image Credit: JPLDesigns / iStock.
12. Riverside, California
Home value: $435,830
Non-housing expenditure: $38,156
Non-mortgage debt: $16,584
Average interest rate: 3.09%
Monthly mortgage repayments: $1,487
Required salary: $72,584
% required salary change from 2018: -3.20%
2018 Salary: $74,986
2018 Rank: 16
Image Credit: iStock/Tim Gray.
11. Springfield, Massachusetts
Home value: $183,979
Non-housing expenditure: $46,442
Non-mortgage debt: $19,696
Average interest rate: 3.10%
Monthly mortgage repayments: $628
Required salary: $73,680
% required salary change from 2018: 1.66%
2018 Salary: $72,479
2018 Rank: 14
Image Credit: Sean Pavone / iStock.
10. Denver
Home value: $469,561
Non-housing expenditure: $36,530
Non-mortgage debt: $19,634
Average interest rate: 3.04%
Monthly mortgage repayments: $1,592
Required salary: $75,266
% required salary change from 2018: -6.03%
2018 Salary: $80,097
2018 Rank: 10
Image Credit: DepositPhotos.com.
9. Worcester, Massachusetts
Home value: $276,099
Non-housing expenditure: $46,442
Non-mortgage debt: $19,696
Average interest rate: 3.10%
Monthly mortgage repayments: $943
Required salary: $77,457
% required salary change from 2018: -3.51%
2018 Salary: $80,277
2018 Rank: 9
Image Credit: DepositPhotos.com.
8. Boston
Home value: $647,392
Non-housing expenditure: $46,442
Non-mortgage debt: $19,696
Average interest rate: 3.10%
Monthly mortgage repayments: $2,212
Required salary: $94,782
% required salary change from 2018: -2.74%
2018 Salary: $97,450
2018 Rank: 6
Image Credit: DepositPhotos.com.
7. New York
Home value: $653,787
Non-housing expenditure: $44,958
Non-mortgage debt: $17,766
Average interest rate: 3.16%
Monthly mortgage repayments: $2,251
Required salary: $96,450
% required salary change from 2018: -4.01%
2018 Salary: $100,479
2018 Rank: 5
Image Credit: DepositPhotos.com.
6. Washington, D.C.
Home value: $629,184
Non-housing expenditure: $53,490
Non-mortgage debt: $17,736
Average interest rate: 3.04%
Monthly mortgage repayments: $2,133
Required salary: $96,822
% required salary change from 2018: -5.97%
2018 Salary: $102,974
2018 Rank: 3
Image Credit: dkfielding.
5. San Diego
Home value: $690,901
Non-housing expenditure: $38,156
Non-mortgage debt: $16,584
Average interest rate: 3.09%
Monthly mortgage repayments: $2,357
Required salary: $101,023
% required salary change from 2018: -2.86%
2018 Salary: $103,999
2018 Rank: 8
Image Credit: DepositPhotos.com.
4. Los Angeles
Home value: $752,193
Non-housing expenditure: $38,156
Non-mortgage debt: $16,584
Average interest rate: 3.09%
Monthly mortgage repayments: $2,566
Required salary: $109,985
% required salary change from 2018: -1.94%
2018 Salary: $112,163
2018 Rank: 4
Image Credit: DepositPhotos.com.
3. Seattle
Home value: $769,873
Non-housing expenditure: $38,699
Non-mortgage debt: $18,709
Average interest rate: 3.09%
Monthly mortgage repayments: $2,627
Required salary: $112,570
% required salary change from 2018: -11.83%
2018 Salary: $127,678
2018 Rank: 7
Image Credit: Credit: aiisha5 / iStock.
2. San Jose, California
Home value: $1,036,929
Non-housing expenditure: $38,156
Non-mortgage debt: $16,584
Average interest rate: 3.09%
Monthly mortgage repayments: $3,538
Required salary: $151,619
% required salary change from 2018: -15.59%
2018 Salary: $179,616
2018 Rank: 2
Image Credit: DepositPhotos.com.
1. San Francisco
Home value: $1,414,037
Non-housing expenditure: $38,156
Non-mortgage debt: $16,584
Average interest rate: 3.09%
Monthly mortgage repayments: $4,824
Required salary: $206,760
% required salary change from 2018: -6.84%
2018 Salary: $221,931
2018 Rank: 1
This article originally appeared on Finder.com and was syndicated by MediaFeed.org.
Image Credit: DepositPhotos.com.
