Key Takeaways
- Americans need to make $108,486 in income to afford a median-priced home in 2025.
- Buying a home in San Jose requires an eye-watering $501,760 salary, where the median price is over $2 million—up from $1.8 million in May 2024.
- By contrast, a salary of $63,611 is needed to afford a home in Cleveland, the lowest across 50 cities analyzed by Home Sweet Home.
Since 2017, the salary needed to buy a home in America has more than doubled.Fueled by rising unaffordability and high mortgage rates, home buyers need to shell out $2,500 on average for monthly payments. Meanwhile, this soars past $5,000 in coastal cities like San Francisco, Los Angeles, and San Diego.This graphic shows the salary you need to afford a home in 50 U.S. cities, based on data from Home Sweet Home.
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69 sats \ 2 replies \ @Undisciplined 4 Jun
I always object to the framing of these graphics, but the information is interesting.
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42 sats \ 1 reply \ @kepford 4 Jun
Yeah, I think the numbers are sus too. I'd need to see how they came up with this stuff. There are a lot of factors that I'm sure are being glossed over.
I do think many young people have just quit even considering they can afford a home when they probably can with some changes that they could totally do. As my wife says, why don't you go talk to a real estate loan officer and see where you are instead of assuming.
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42 sats \ 0 replies \ @kepford 4 Jun
I try to teach my sons to never say "I can't", but instead say "how can I?"
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32 sats \ 0 replies \ @kepford 4 Jun
One of the many reasons I don't live in a city.
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30 sats \ 1 reply \ @TheBTCManual 4 Jun
Holy hell batman, and I thought we're cooked my local housing market, adding in maintenance cost, insurance and living expenses, how do you even save/stack sats?
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0 sats \ 0 replies \ @0xbitcoiner OP 4 Jun
renting :)
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