According to HSH.com mortgage website, the Bay Area households need the highest household income to afford to buy a home.
San Jose ranks top at a whopping $216,181.25 with San Francisco not far behind at $171,330.88. San Jose’s figure is nearly four times more than the national average of $55,390.57.
To reach these numbers HSH took into account the 30-year fixed rate mortgages and available properties in the top 50 markets in the US with the ideal investment of putting 20% down.
If you were planning on putting just 10% down the numbers jump to $255,689.08 in San Jose and $203,581.18 in San Francisco.
Want to buy on the cheap? Head to Pittsburgh, PA where the income needed is just $35,205.49.
For all 50 states and more details head over to HSH.com.
Bradford Hornsby is an editor, music writer, web producer, and pop culture blogger for Entercom stations in the San Francisco Bay Area. Find him on Twitter at @bradfordhornsby.