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Here's The Salary You Have To Earn To Buy A Home In 15 Major US Cities

Libby KaneDec 10, 2014, 01:59 IST

Mortgage website HSH.com has updated its estimate of how much annual income a household would need to buy a home in major cities in the US according to Q3 data.

The site looked at median home prices from the National Association of Realtors, along with interest rates for common 30-year, fixed-rate mortgages and property taxes and insurance costs, to figure out how much money it would take to pay a median-priced home's mortgage principal, taxes, and insurance - and how much you would have to earn to afford it.