Across the country, the salary needed to live in the largest metro areas has fluctuated in 2016, according to a new report from HSH.com.
In the Greater Houston area, the median salary required to live is $51,392.04, a $771.88 decrease from last quarter. In addition to the needed salary dropping, the average price of homes in the area also dropped by 0.57 percent.
Houston resides comfortably in the middle when compared to other major cities, as our chart below shows:
| Metro Area | Local Mortgage Rates | Median Home Price | Local Monthly Payment | Local Salary Needed to Buy |
|---|---|---|---|---|
| Atlanta | 3.88% | $167,800 | $859.25 | $36,824.97 |
| Boston | 3.81% | $378,500 | $1,856.81 | $79,577.57 |
| Chicago | 3.89% | $208,600 | $1,333.93 | $57,168.35 |
| Dallas | 3.90% | $210,100 | $1,209.28 | $51,826.29 |
| Houston | 3.90% | $208,000 | $1,199.15 | $51,392.04 |
| Los Angeles | 3.90% | $458,900 | $2,104.21 | $90,180.58 |
| Miami | 3.93% | $286,700 | $1,455.31 | $62,370.25 |
| New York | 3.87% | $381,000 | $1,988.14 | $85,205.89 |
| San Francisco | 3.81% | $770,300 | $3,364.57 | $144,196.08 |
| Seattle | 4.02% | $383,100 | $1,809.01 | $77,529.01 |