10 cities in the USA, where you can buy a house with a salary of $ 60 thousand per year

Many cities in the United States are faced with high housing prices and wages, which have not changed much in recent years, while other localities are flourishing: there are many jobs, wages are rising, and housing is relatively affordable due to a sufficient number of new homes.

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Edition CNBC compiled a list of US cities that offer jobs with a good salary, can boast of positive economic forecasts, and a sufficient number of housing.

This list was then analyzed for housing affordability in the region, based on the National Realtors Association’s index for the third quarter of 2018, specially derived for this purpose. The index assumes the mortgage interest rate in 4,7% per annum, and the monthly payment of debt on the loan within 25% of the resident's income. Please note that the index does not include homeowners insurance costs and real estate taxes, which vary from market to market.

Based on this rule, a list of 10 successful cities was compiled, where you can buy a house with a salary of 60 thousand dollars a year with 10% or 20% down payment.

Charlotte, North Carolina

• Required wages for buying a house with an initial contribution of 10%: $ 56 074 per year.
• Required wages for buying a house with an initial contribution of 20%: $ 49 844 per year.
• Average house price: $ 245 000.

Dallas, Texas

• Required wages for buying a house with an initial contribution of 10%: $ 59 988.
• Required wages for buying a house with an initial contribution of 20%: $ 53 322.
• Average house price: $ 262 100.

Des Moines, Iowa

• Required wages for buying a house with an initial contribution of 10%: $ 47 651.
• Required wages for buying a house with an initial contribution of 20%: $ 42 357.
• Average house price: $ 208 200.

El Paso TX

• Required wages for buying a house with an initial contribution of 10%: $ 36 208.
• Required wages for buying a house with an initial contribution of 20%: $ 32 185.
• Average house price: $ 158 200.

Fort Myers, FL

• Required wages for buying a house with an initial contribution of 10%: $ 57 218.
• Required wages for buying a house with an initial contribution of 20%: $ 50 861.
• Average house price: $ 250 000.

Grand Repids, MI

• Required wages for buying a house with an initial contribution of 10%: $ 45 660.
• Required wages for buying a house with an initial contribution of 20%: $ 40 587.
• Average house price: $ 199 500.

Houston, Texas

• Required wages for buying a house with an initial contribution of 10%: $ 54 975.
• Required wages for buying a house with an initial contribution of 20%: $ 48 867.
• Average house price: $ 240 000.

New Orleans, LA

• Required wages for buying a house with an initial contribution of 10%: $ 49 437.
• Required wages for buying a house with an initial contribution of 20%: $ 43 944.
• Average house price: $ 216 000.

Oklahoma City, Oklahoma

• Required wages for buying a house with an initial contribution of 10%: $ 37 695.
• Required wages for buying a house with an initial contribution of 20%: $ 33 507.
• Average house price: $ 164 700.

San Antonio, TX

• Required wages for buying a house with an initial contribution of 10%: $ 53 053.
• Required wages for buying a house with an initial contribution of 20%: $ 47 158.
• Average house price: $ 231 800.

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