Here's the Salary You Have to Earn to Buy a Home in 15 Major US Cities

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Alamo Square
GettyVictorian homes in San Francisco's Alamo Square.

By Antonia Farzan and Libby Kane

The mortgage website HSH.com has updated its estimate of how much annual income a household would need to buy a home in major cities in the US according to first-quarter 2015 data.

Several cities — Portland, Sacramento, Miami, and Denver — appear on the list of highest-priced metro areas for the first time.

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 principal, taxes, and insurance — and how much you would have to earn to afford it.

Salaries listed are rounded to the nearest $500.
15 PHOTOS
Salaries needed to buy a home in 15 major cities
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Here's the Salary You Have to Earn to Buy a Home in 15 Major US Cities

Population: 1,517,628

Median Home Price: $204,900

Monthly Mortgage Payment: $1,138

Salary Needed To Buy: $49,000

Population: 2,076,189

Median Home Price: $200,300

Monthly Mortgage Payment: $1,158

Salary Needed To Buy: $50,000

Population: 640,064

Median Home Price: $233,100

Monthly Mortgage Payment: $1,172

Salary Needed To Buy: $50,500

Population: 2,824,584

Median Home Price: $191,500

Monthly Mortgage Payment: $1,247

Salary Needed To Buy: $53,500

Population: 479,686

Median Home Price: $275,800

Monthly Mortgage Payment: $1,364

Salary Needed To Buy: $58,500

Population: 609,456

Median Home Price: $289,400

Monthly Mortgage Payment: $1,386

Salary Needed To Buy: $59,500

Population: 417,650

Median Home Price: $269,100

Monthly Mortgage Payment: $1,396

Salary Needed To Buy: $60,000

Population: 649,495

Median Home Price: $338,100

Monthly Mortgage Payment: $1,506

Salary Needed To Buy: $65,000

Population: 652,405

Median Home Price: $352,400

Monthly Mortgage Payment: $1,673

Salary Needed To Buy: $72,000

Population: 582,049

Median Home Price: $367,800

Monthly Mortgage Payment: $1,772

Salary Needed To Buy: $76,000

Population: 645,966

Median Home Price: $374,600

Monthly Mortgage Payment: $1,800

Salary Needed To Buy: $77,000

Population: 3,794,640

Median Home Price: $434,700

Monthly Mortgage Payment: $1,985

Salary Needed To Buy: $85,000

Population: 8,213,839

Median Home Price: $388,600

Monthly Mortgage Payment: $1,988

Salary Needed To Buy: $85,000

Population: 1,284,347

Median Home Price: $510,300

Monthly Mortgage Payment: $2,249

Salary Needed To Buy: $96,500

Population: 777,660

Median Home Price: $748,300

Monthly Mortgage Payment: $3,299

Salary Needed To Buy: $141,500

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