Business Insider recently ran a report on how much money you need to earn in order to buy a house in twenty five different cities. San Antonio’s reputation as an affordable city remains safe, with a salary of $24,395.97 required in order to buy a house (these are based on basic factors that Business Insider collected and calculated – your situation might be different, so it’s always wise to check with a local lender). It’s interesting to take a look through the whole list and see what places are cheaper (like Cleveland, Ohio at $15,860.70) and what cities are more expensive (such as San Francisco, who tops the list at $97,330.11). It just goes to show that real estate is truly local, so always remember that when reading national real estate news.
image courtesy of gsloan