What's the salary you have to earn to buy a home in your city?

6 Replies

Well that depends greatly on the area. In Jessup/Columbia Maryland most make over 90K annually individually. Household incomes are around 150K-200K. To own a decent home I would say at least 100K annually for the household. That goes for condos, townhomes, etc. Apartments can range from 1700-2000 monthly.

Originally posted by @Dave Visaya:

Do you know the annual salary you need to own a home in your city? Share it here! :)

 If the deal is great your salary doesn't matter -- use other peoples money.

Kudos,

Mary

Didn't they used to say that a home should cost no more than 3x your annual income? I think that was forgotten during the bubble years. 

Average household income in the US is right around $50k/year I believe. Here in my part of MD (Baltimore County) I don't see much you can buy for $150K.

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