Here's the salary you have to earn to buy a home in 17 major US cities
Aug 24, 2015, 20:33 IST
San Francisco continues to require the highest income in the US.
Buying a home is only getting more expensive.
Mortgage website HSH.com has updated its estimate of how much annual income a household would need to buy a home in major metro areas in the US, according to second-quarter 2015 data.AdvertisementPrices have increased across the board.
The site looked at median home prices from the National Association of Realtors, along with interest rates for common 30-year, fixed-rate mortgages and property taxes, and insurance costs, to figure out how much money it would take to pay a median-priced home's mortgage, taxes, and insurance in each city - and how much you would have to earn to afford it.