Looking to buy a home in a major metro area? Here’s how much you need to make

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Looking to move to a major city? Here’s how much it costs each month to own a home in the 15 largest metro areas and how much you should be making to afford it, according to HSH.com, MSN reported.

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According to the study, Chicagoans should be earning a salary of $62,731.35 in order to make payments on a $255,600 home in the area (with a 20% down payment and a 30-year mortgage).

See below exactly how much salary you would need to earn in order to afford the principal, interest, taxes and insurance payments on a median-priced home in the 50 most populous metropolitan areas. Key takeaways: The latest quarterly update to our "Salary You Need To Buy A Home" series contains both good news and bad news for potential homebuyers.

You'll also have to pay property taxes and buy homeowner's insurance, expenses that may or. Here's a look at some of the priciest places.. Home prices are higher even than in the San Francisco metro area.. It also boasts large outposts of some very big tech companies, and it narrowly avoided having.

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So read on for a home-brewed, caffeine-fueled trip across the U.S. to see just how much you’d need to save (or make!) per day to buy a house in America’s 11 biggest metros. Trust us, it’s not as bad as you might think.

view navigation area. This Map Reveals How Much You Need to Earn to Buy a House in. to earn annually in the 50 largest US cities to be able to afford a home. Here's the full list of 50 cities, ranked from lowest to highest required. a show that stopped being good ages ago, looking at you, Simpsons!

Buying a home is only getting more expensive. Mortgage website HSH.com has updated its estimate of how much annual income a household would need to buy a home in major metropolitan areas in the US.

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