See the Income Needed to Purchase an Average Home in Cities like Atlanta, Houston and Los Angeles.






Buying a home is the American Dream, and there are many components to consider before making the big purchase, including your income. 

So how much do you need to make to snag a house in Houston?

According to a recent report from HSH, you should earn $55,547.95 a year. 
For Atlanta, you should earn $40,725.36 a year. 
However, it increases to $47,006.77 if ATL homebuyers put 10 percent down instead of 20.
For Los Angeles, you should earn $98,542.31 a year. 

To determine the findings, the mortgage site used data from the 2016 first-quarter mortgage period and the median sale home prices listed by the National Association of Realtors. 

It also factored in interest rates, property taxes and insurance costs to calculate how much it would cost to buy a median-priced home in 27 metro areas.
For Atlanta, the average home cost $182,800, and the average monthly payment is $950.26. That’s an eight percent year-over-year increase.




The required salary needed to buy a home also saw a year-over-year rise. 
It’s up by more than 10 percent.
Want to know what it is for other cities? Take a look at the map of findings below.