This is the salary you need to earn to buy a home right now in New York, Miami and LA
Using the National Association of Realtors data on housing affordability, Business Insider gathered a list of the US metro areas where the minimum salary required to qualify for a mortgage, after a 20 percent down payment, is highest. What they found was that the salary needed to qualify in the top-five metro areas — four of which are located in California — exceeds $100,000.
Here s what it you need to be earning to buy in New York, Miami and Los Angeles.
The New York-Newark-Jersey City, New York/New Jersey/Pennsylvania metro areas ranked 13th overall in BI s list. With a population of 20,182,305 and a median home cost of $414,000, the salary you need to buy is $76,613.
The Miami-Fort Lauderdale-West Palm Beach, Florida, metro area ranked down at number 20. With a much lower population of 6,012,331 and median home cost of $335,000 the salary a sunshine state buyer needs is $61,994.
Meanwhile in Los Angles-Long Beach-Glendale上海同城对对碰交友社区