This is shocking information.
The price of homes has escalated over the years but the salaries of the average American worker have not matched that price inflation.
As a result, it's hard to buy a home or maintain home ownership.
How much money do you need to make to own a home city-by-city?
Here are the latest numbers for the salary you must earn to buy a home in major cities. The research covers 27 major cities.
A few of the standout numbers include the lowest salary needed to buy a home. That would be Cleveland, Ohio where the average home price is only $105,900. You would only need an annual salary of $29,393 in order to own a home in that city.
Pittsburgh, Pennsylvania is also on the affordable end with the average house price of $131,000. That would require an annual salary of $30,786.
Los Angeles, California: An average home price $434,700 requires an annual salary of $85,081.
The highest is San Francisco where an average home price is $748,300. You would need an annual salary of $141,416.
For more home prices/salaries needed, visit HSH.com.
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