This article originally appeared at the website of New York commercial and residential title insurance provider Hallmark Abstract Service here.
Learn more about what title insurance is and what it does in the article Title Insurance 101 here.
How much do you need to earn in order to buy a home in 27 cities around the United States?
Here are some examples given interest rates, median home prices, taxes and insurance.
| Cities | 30-Year Fixed Mortgage Rate | % Change from 4Q13 | Median Home Price | % Change from 4Q13 | Monthly Payment (PITI) | Salary Needed |
| Cleveland | 4.50% | 0.06 | $102,100 | -9.49 | $695.07 | $29,788.67 |
| Pittsburgh | 4.36% | 0.04 | $120,000 | -6.69 | $704.15 | $30,177.78 |
| St. Louis | 4.40% | -0.01 | $120,500 | -7.52 | $729.76 | $31,275.49 |
| Cincinnati | 4.53% | 0.08 | $121,700 | -5.44 | $743.17 | $31,850.18 |
| Detroit | 4.59% | 0.10 | $110,750 | -9.72 | $752.51 | $32,250.30 |
| Atlanta | 4.44% | -0.03 | $141,900 | -0.35 | $797.61 | $34,183.44 |
| Tampa | 4.54% | 0.04 | $145,000 | 1.83 | $850.21 | $36,437.56 |
| Phoenix | 4.48% | 0.07 | $194,300 | 0.83 | $963.87 | $41,308.74 |
| Orlando | 4.47% | -0.01 | $178,000 | 7.36 | $1,009.03 | $43,243.95 |
| San Antonio | 4.62% | 0.13 | $169,300 | -1.40 | $1,038.47 | $44,506.00 |
| Minneapolis | 4.52% | 0.02 | $188,200 | -4.52 | $1,067.09 | $45,732.39 |
| Dallas | 4.48% | 0.02 | $174,800 | 0.52 | $1,113.20 | $47,708.77 |
| Houston | 4.49% | 0.02 | $184,600 | 1.26 | $1,144.19 | $49,036.60 |
| Philadelphia | 4.52% | 0.09 | $201,800 | -5.83 | $1,179.41 | $50,546.25 |
| Chicago | 4.52% | 0.02 | $176,900 | -5.45 | $1,233.56 | $52,866.88 |
| Baltimore | 4.44% | 0.07 | $224,500 | -7.12 | $1,238.50 | $53,078.51 |
| Sacramento | 4.55% | 0.02 | $255.800 | 2.17 | $1,355.99 | $58,113.87 |
| Miami | 4.53% | 0.06 | $259,000 | 1.61 | $1,393.80 | $59,734.23 |
| Denver | 4.53% | 0.04 | $288,400 | 3.26 | $1,397.49 | $59,892.46 |
| Portland | 4.57% | 0.06 | $271,900 | 1.64 | $1,407.18 | $60,307.71 |
| Seattle | 4.59% | 0.07 | $339,900 | -1.31 | $1,723.19 | $73,851.06 |
| Washington D.C. | 4.45% | 0.07 | $358,900 | -2.47 | $1,831.75 | $78,503.56 |
| Boston | 4.47% | 0.06 | $363,200 | -2.18 | $1,862.47 | $79,820.01 |
| Los Angeles | 4.52% | 0.06 | $406,200 | -3.99 | $2,005.85 | $85,964.88 |
| New York City | 4.53% | 0.05 | $388,900 | 0.67 | $2,095.07 | $89,788.69 |
| San Diego | 4.56% | 0.03 | $483,000 | 1.30 | $2,299.13 | $98,534.22 |
| San Francisco | 4.39% | 0.00 | $679,800 | -0.38 | $3,199.69 | $137,129.55 |
