Here's the salary needed to afford a home in the 15 largest cities

Here's the salary needed to afford a home in the 15 largest cities
Here's the salary needed to afford a home in the 15 largest cities

Are you thinking of buying a home but daunted by the financial footwork? The team at SmartAsset.com crunched the numbers for you using their mortgage calculator. Read on to find out the median home-payment costs for the 15 largest cities in the U.S. — from the least expensive to the priciest — and the salary you'll need to pay them.

SmartAsset did these calculations for the median home in each city, factoring in a 20 percent down payment on a 30-year mortgage, with a 4 percent interest rate after the down payment.

— By CNBC.com's Natalia Wojcik
Posted 23 February 2017
Source: SmartAsset.com

CNBC

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