HOME & LIVING
05/17/2017 05:01 pm ET Updated May 18, 2017

Here's The Salary You Need To Afford A Home In 22 U.S. Cities

Hope you weren't trying to live by the beach. 😶

Saving for a home is challenging, but it’s even tougher when a local market is stacked against you.

For example, assuming you make San Francisco’s median income and can pay a 10 percent down payment, just one percent of homes in San Francisco are affordable for you. That’s according to the new Home Affordability Report released by home financing company Unison, which analyzes the cost of buying a home in 22 major U.S. cities.

Though some of the results of the report are disheartening, there are some brighter spots: The majority of homes in Phoenix, for example, are actually attainable for people earning median incomes. 

Unison

The above map shows affordability at median salary with a 10 percent down payment, though most experts recommend putting down 20 percent for the best chances of closing the sale and avoiding mortgage insurance, Unison spokesperson Michael Micheletti told HuffPost. However, that gold standard can be tough to achieve: Homebuyers under 35 muster only an eight percent downpayment on average, according to the National Association of Realtors. 

Unison’s report used data from the 2015 U.S. Census American Community Survey. Their results jive with another recent housing report from mortgage site HSH.com, which used data from late 2016 to conclude that San Francisco requires the highest income from prospective homebuyers. Both reports peg the Midwest as especially affordable, though HSH says you’ll need a slightly higher salary to afford a home than Unison concluded below, no matter where you go.

Unison’s number-crunching yielded data on the average home prices in each city and the annual salary needed to purchase a home with both 10 and 20 percent down payments. Contrary to what you might think, a 10 percent downpayment requires a higher salary, because it almost always comes with monthly mortgage insurance payments, Micheletti said. Here are Unison’s results, ranked from most affordable to least:

  • 1 Kansas City, Missouri
    Median home price: $107,933<br>Median salary:&nbsp;$62,178<br>Salary needed with a&nbsp;10 percent down payment: $17,900<br>S
    TriggerPhoto via Getty Images
    Median home price: $107,933
    Median salary: $62,178
    Salary needed with a 10 percent down payment: $17,900
    Salary needed with a 20 percent down payment: $14,950
  • 2 Pittsburgh, Pennsylvania
    Median home price: $133,142<br>Median salary:&nbsp;$61,892<br>Salary needed with a&nbsp;10 percent down payment: $22,081<br>S
    SeanPavonePhoto via Getty Images
    Median home price: $133,142
    Median salary: $61,892
    Salary needed with a 10 percent down payment: $22,081
    Salary needed with a 20 percent down payment: $18,442
  • 3 San Antonio, Texas
    Median home price: $140,935<br>Median salary:&nbsp;$55,566<br>Salary needed with a&nbsp;10 percent down payment: $23,373<br>S
    Gabriel Perez via Getty Images
    Median home price: $140,935
    Median salary: $55,566
    Salary needed with a 10 percent down payment: $23,373
    Salary needed with a 20 percent down payment: $19,522
  • 4 New Orleans, Louisiana
    Median home price: $188,055<br>Median salary:&nbsp;$49,297<br>Salary needed with a&nbsp;10 percent down payment: $31,188<br>S
    Daniel Grill via Getty Images
    Median home price: $188,055
    Median salary: $49,297
    Salary needed with a 10 percent down payment: $31,188
    Salary needed with a 20 percent down payment: $26,048
  • 5 Charlotte, North Carolina
    Median home price: $193,403<br>Median salary: $57,933<br>Salary needed with a&nbsp;10 percent down payment: $32,075<br>Salary
    SeanPavonePhoto via Getty Images
    Median home price: $193,403
    Median salary: $57,933
    Salary needed with a 10 percent down payment: $32,075
    Salary needed with a 20 percent down payment: $26,789
  • 6 Phoenix, Arizona
    Median home price: $198,679<br>Median salary:&nbsp;$56,579<br>Salary needed with a&nbsp;10 percent down payment: $32,950<br>S
    dszc via Getty Images
    Median home price: $198,679
    Median salary: $56,579
    Salary needed with a 10 percent down payment: $32,950
    Salary needed with a 20 percent down payment: $27,520
  • 7 Las Vegas, Nevada
    Median home price: $205,177<br>Median salary:&nbsp;$53,060<br>Salary needed with a&nbsp;10 percent down payment: $34,028<br>S
    Getty Images
    Median home price: $205,177
    Median salary: $53,060
    Salary needed with a 10 percent down payment: $34,028
    Salary needed with a 20 percent down payment: $28,420
  • 8 Minneapolis, Minnesota
    Median home price: $220,714<br>Median salary:&nbsp;$74,490<br>Salary needed with a&nbsp;10 percent down payment: $36,605<br>S
    jimkruger via Getty Images
    Median home price: $220,714
    Median salary: $74,490
    Salary needed with a 10 percent down payment: $36,605
    Salary needed with a 20 percent down payment: $30,572
  • 9 Nashville, Tennessee
    Median home price: $243,678<br>Median salary:&nbsp;$57,739<br>Salary needed with a&nbsp;10 percent down payment: $40,413<br>S
    Danita Delimont via Getty Images
    Median home price: $243,678
    Median salary: $57,739
    Salary needed with a 10 percent down payment: $40,413
    Salary needed with a 20 percent down payment: $33,753
  • 10 Chicago, Illinois
    Median home price: $244,652<br>Median salary:&nbsp;$66,084<br>Salary needed with a&nbsp;10 percent down payment: $40,575<br>S
    RudyBalasko via Getty Images
    Median home price: $244,652
    Median salary: $66,084
    Salary needed with a 10 percent down payment: $40,575
    Salary needed with a 20 percent down payment: $33,888
  • 11 Atlanta, Georgia
    Median home price: $250,855<br>Median salary:&nbsp;$58,121<br>Salary needed with a&nbsp;10 percent down payment: $41,603<br>S
    ferrantraite via Getty Images
    Median home price: $250,855
    Median salary: $58,121
    Salary needed with a 10 percent down payment: $41,603
    Salary needed with a 20 percent down payment: $34,747
  • 12 Boise, Idaho
    Median home price: $253,293<br>Median salary:&nbsp;$54,297<br>Salary needed with a&nbsp;10 percent down payment: $42,008<br>S
    knowlesgallery via Getty Images
    Median home price: $253,293
    Median salary: $54,297
    Salary needed with a 10 percent down payment: $42,008
    Salary needed with a 20 percent down payment: $35,085
  • 13 Salt Lake City, Utah
    Median home price: $255,871<br>Median salary:&nbsp;$63,520<br>Salary needed with a&nbsp;10 percent down payment: $45,435<br>S
    Ershov_Maks via Getty Images
    Median home price: $255,871
    Median salary: $63,520
    Salary needed with a 10 percent down payment: $45,435
    Salary needed with a 20 percent down payment: $35,442
  • 14 Miami, Florida
    Median home price: $278,405<br>Median salary:&nbsp;$52,040<br>Salary needed with a&nbsp;10 percent down payment: $46,172<br>S
    Pola Damonte via Getty Images via Getty Images
    Median home price: $278,405
    Median salary: $52,040
    Salary needed with a 10 percent down payment: $46,172
    Salary needed with a 20 percent down payment: $38,563
  • 15 Dallas, Texas
    Median home price: $289,750<br>Median salary:&nbsp;$61,033<br>Salary needed with a&nbsp;10 percent down payment: $48,054<br>S
    Davel5957 via Getty Images
    Median home price: $289,750
    Median salary: $61,033
    Salary needed with a 10 percent down payment: $48,054
    Salary needed with a 20 percent down payment: $40,135
  • 16 Denver, Colorado
    Median home price: $318,164<br>Median salary:&nbsp;&nbsp;$69,754<br>Salary needed with a&nbsp;10 percent down payment: $52,76
    milehightraveler via Getty Images
    Median home price: $318,164
    Median salary:  $69,754
    Salary needed with a 10 percent down payment: $52,766
    Salary needed with a 20 percent down payment: $44,071
  • 17 Portland, Oregon
    Median home price: $378,961<br>Median salary:&nbsp;$64,635<br>Salary needed with a&nbsp;10 percent down payment: $62,849<br>S
    Grigory Fedyukovich via Getty Images
    Median home price: $378,961
    Median salary: $64,635
    Salary needed with a 10 percent down payment: $62,849
    Salary needed with a 20 percent down payment: $52,492
  • 18 Seattle, Washington
    Median home price: $528,387<br>Median salary:&nbsp;$75,822<br>Salary needed with a&nbsp;10 percent down payment: $87,631<br>S
    aiisha5 via Getty Images
    Median home price: $528,387
    Median salary: $75,822
    Salary needed with a 10 percent down payment: $87,631
    Salary needed with a 20 percent down payment: $73,190
  • 19 Los Angeles, California
    Median home price: $555,073<br>Median salary: $62,312<br>Salary needed with a&nbsp;10 percent down payment: $92,057<br>Salary
    gregobagel via Getty Images
    Median home price: $555,073
    Median salary: $62,312
    Salary needed with a 10 percent down payment: $92,057
    Salary needed with a 20 percent down payment: $76,886
  • 20 Boston, Massachusetts
    Median home price: $584,622<br>Median salary:&nbsp;$84,955<br>Salary needed with a&nbsp;10 percent down payment: $96,957<br>S
    gregobagel via Getty Images
    Median home price: $584,622
    Median salary: $84,955
    Salary needed with a 10 percent down payment: $96,957
    Salary needed with a 20 percent down payment: $80,979
  • 21 New York City, New York
    Median home price: $637,704<br>Median salary:&nbsp;&nbsp;$74,397<br>Salary needed with a&nbsp;10 percent down payment: $105,7
    Predrag Vuckovic via Getty Images
    Median home price: $637,704
    Median salary:  $74,397
    Salary needed with a 10 percent down payment: $105,761
    Salary needed with a 20 percent down payment: $88,332
  • 22 San Francisco, California
    Median home price: $1,296,916<br>Median salary:&nbsp;&nbsp;$92,501<br>Salary needed with a&nbsp;10 percent down payment: $215
    sansara via Getty Images
    Median home price: $1,296,916
    Median salary:  $92,501
    Salary needed with a 10 percent down payment: $215,089
    Salary needed with a 20 percent down payment: $179,643
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