The Salary You Need to Buy a Median Price Home

San Diego

In America’s Finest City, a person needs to earn $101,682 to qualify for a home at the median $517,800. At 4.28 percent interest, that’s a monthly payment of $2,372. Over the last year, prices were up about 7 percent. In San Diego County, the median household income is $63,373 according to the census.

Los Angeles

In Los Angeles, a person needs to earn $96,513 per year to buy a median home at $481,900. The monthly payment for that? $2,252. Prices are up 7.3 percent over the year.

read more at: http://www.utsandiego.com/news/2014/dec/02/salary-realestate-homes-prices-mortgages-hsh-loans/#&panel2-1

disclaimer: for information and entertainment purposes only

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