15 Cheap Cities Where You Don’t Need A High Salary To Buy A House

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.

Read more:

http://business-news.thestreet.com/philly/story/10-cheap-cities-where-you-dont-need-a-high-salary-to-buy-a-house/13055140

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s