How much money you need to earn to afford a home in 49 U.S. cities
Summary
U.S. workers' pay has increased about 4% this year, with median household income around $88,000. However, to afford the average home, households need about $116,780 a year, making homeownership unaffordable for many in most large U.S. cities.Key Facts
- Median household income in the U.S. is roughly $88,000 as of April.
- The average U.S. home costs about $418,000.
- Households need an income of around $116,780 annually to afford the average home.
- This needed income is down from a peak estimate of $122,000 in mid-2025.
- In 41 of 49 big U.S. cities, the median salary is not enough to buy a home.
- San Francisco is the most expensive city; a person would need nearly $444,000 a year to afford a home.
- Some Midwest cities, like Detroit and Cleveland, have affordable housing where median incomes are enough to buy a home.
- More than 80% of Americans find it harder to buy a home now compared to previous generations.
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