Here’s What It Takes to Buy a Home in the Biggest U.S. Cities

Have you been thinking about moving back into the city? Depending on your salary, you may be able to afford that urban property. Take a look at what it will take to get a house in the nearest metropolitan area to see if it is a wise decision for you.

May. 27, 2014 Daily Finance

Anyone with a hefty bank account has always been able to buy an urban palace. But if you’re of more modest means and want to live in or near one of America’s biggest cities, your might think your choices were between an apartment or a park bench.

Not at all, according to HSH.com, which recently updated its list of the salary you must earn to buy a home in 27 metropolitan regions. Using its own data on mortgage rates, as well as information from the National Association of Realtors, the site details just how much income it takes to afford the median-priced home in each area. The numbers range from little as $29,788.67 to as much as $137,129.55.

Click below for the complete list.