NEW YORK (TheStreet) — Are you making enough money to afford a home in your area?
In some areas around the country, earning little more than $30,000 annually may be enough to afford a house, whereas in other, more expensive areas, you will need almost five times as much.
HSH.com, a mortgage research data Web site, analyzed fourth-quarter data to determine the minimum salary needed in order to be able to afford a home in the 27 largest metro areas in the United States.
For the third quarter in a row, Pittsburgh was found to be the most affordable city in the country, with an annual median salary of just $31,716.32 needed to afford a home there. Those working in San Francisco need to make 4.5 times the amount that Steel City workers earn to afford a home.