List of 11 U.S. Cities Where Home Buying Exceeds $200K in Yearly Earnings

In select cities in California, a yearly income of over $200,000 is essential to afford a house, as reported by the National Association of Realtors.

At the forefront of 221 U.S. metro areas is San Jose. According to the NAR report, buying a median-priced home in San Jose requires an annual income of $482,835.

The report determines the income levels needed in various cities, incorporating factors like a 20% down payment and a 7.12% interest rate. 

It’s predicated on the idea that monthly mortgage payments should not be more than 25% of a household’s income.

The 11 metro areas where an annual income of over $200,000 is necessary for a median-priced home are:

1. San Jose-Sunnyvale-Santa Clara, CA: $482,835
2. Anaheim-Santa Ana-Irvine, CA: $340,595
3. San Francisco-Oakland-Hayward, CA: $339,290
4. Honolulu, HI: $277,147
5. San Diego-Carlsbad, CA: $255,381

And there are more… are you living in one of these areas? Click here to view the entire list.