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What Prospects Need to Earn to Buy a Home in 50 U.S. Cities

Rising interest rates and stratospheric housing costs keep pushing the dream of homeownership further away for many people. A recent infographic mapped out what prospective homebuyers need to earn to purchase a home in 50 U.S. cities.

Pat SherlockKey findings include:

  • Prospects need to earn an annual salary of nearly $100,000 to afford the median price of an American home. That median price is $371,200 based on May 2023 data from Home Sweet Home.
  • Visual Capitalist reported the salary needed to purchase a median-priced home in the U.S. has risen 28% year-over-year.
  • Potential buyers making $100,000 a year would be unable to afford the minimum mortgage payment to purchase a home in nearly half of the country’s 50 biggest cities.

For additional details, view the Visual Capitalist infographic here: “Mapped: What You Need to Earn to Own a Home in 50 American Cities.”

Pat Sherlock is the founder of QFS Sales Solutions, an organization that helps organizations improve their sales talent management and performance. For more information, visit

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