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Can you afford to buy a home? That probably depends on where you live and how much you earn.
To be used in the United States of America, the CNBC is the largest source of revenue in the world, with a 10% or 20% down payment, based on the National Association of Realtors' Metropolitan Median Area Prices and Affordability index from the second quarter of 2019.
The data assumes a maximum of 25% of a resident's income.
Below, check out the income you need to afford a home in 11 major U.S. cities, ranked from lowest price to highest.
Columbus, Ohio
- Salary required with a 10% down payment: $ 48,108
- Salary required with a 20% down payment: $ 42,763
- Median home price: $ 228,300
Houston, Texas
- Salary required with a 10% down payment: $ 52,554
- Salary required with a 20% down payment: $ 46,715
- Median home price: $ 249,400
Philadelphia, Pennsylvania
- Salary required with a 10% down payment: $ 53,566
- Salary required with a 20% down payment: $ 47,614
- Median home price: $ 254,200
Jacksonville, Florida
- Salary required with a 10% down payment: $ 53,734
- Salary required with a 20% down payment: $ 47,764
- Median home price: $ 255,000
Charlotte, North Carolina
- Salary required with a 10% down payment: $ 56,074
- Salary required with a 20% down payment: $ 49,843
- Median home price: $ 266,100
Dallas, Texas
- Salary required with a 10% down payment: $ 58,033
- Salary required with a 20% down payment: $ 51,585
- Median home price: $ 275,400
Chicago, Illinois
- Salary required with a 10% down payment: $ 58,644
- Salary required with a 20% down payment: $ 52,128
- Median home price: $ 278,300
Phoenix, Arizona
- Salary required with a 10% down payment: $ 60,162
- Salary required with a 20% down payment: $ 53,477
- Median home price: $ 285,500
New York, New York
- Salary required with a 10% down payment: $ 88,672
- Salary required with a 20% down payment: $ 78,820
- Median home price: $ 420,800
Los Angeles, California
- Salary required with a 10% down payment: $ 119,480
- Salary required with a 20% down payment: $ 106,205
- Median home price: $ 567,000
San Francisco, California
A smiling woman walks around New York City.
Twenty20
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