Where Data Tells the Story
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The annual salary needed to own a house in each of the ten wealthiest towns in the U.S., according to GoBankingRates. All data was collected and is up to date as of Sept. 2024.
GOBankingRates analyzed cities with populations between 5,000 and 100,000, identifying those with the highest average household income and typical 2024 home values. It then calculated the minimum salary needed to afford a home, assuming no more than 30% of pre-tax income is spent on housing and using a 30-year fixed mortgage rate of 6.35%. The calculation excludes P&I, HOA fees, and property taxes.