Salary Requirements To Buy A House -

New York. Median home list price in July: $671,500. Median income: $85,657. Minimum income to afford median-priced home: $176,994. Realtor.com

The "salary gap" has widened significantly, as the current median U.S. household income of ~$80,600 is roughly than what is recommended for a median-priced home. salary requirements to buy a house

To afford the national median-priced home of , the typical U.S. household now needs an annual income of approximately $114,000 . This requirement has surged by roughly 70% since 2019 , when a salary of $67,000 was often sufficient. National Affordability Benchmarks (2025–2026) New York