How much do you need to make a year to own a home in the top 25 U.S. cities?

1.	Cleveland
Mortgage rate: 4.43 percent 
Home price: $112,800 
Monthly payment: $453.49 
Salary: $19,435.17 (Credit: WEWS)

1. Cleveland Mortgage rate: 4.43 percent Home price: $112,800 Monthly payment: $453.49 Salary: $19,435.17 (Credit: WEWS)

Purchasing a home in Cleveland and Cincinnati can be done on a lower salary than in San Diego, Baltimore and Denver, according to an analysis done by HSH.com.

In Cleveland,a homebuyer would have to make a little more than $19,000 in order to afford the interest payment and principal payment for a median-priced home in the Northwest Ohio city.

In San Francisco, it would cost $115,500, almost six times that amount.

The mortgage and housing market blog used the National Association of Realtors’ fourth-quarter median home price data, combined with HSH.com’s fourth-quarter average interest rate for 30-year, fixed-rate mortgages to determine the list. Click here to see the whole list.

Along with Cleveland, buying a house in Cincinnati, St. Louis, Atlanta and Tampa, requires making the least amount of money of all of the cities on the list.

Rounding out the top 25 with San Francisco and requiring the highest salaries to buy a house are San Diego, Los Angeles, New York City and Boston.

Below is a list of the top 25 metropolitan areas ranked in order of the salary needed while living in those cities to afford a median-priced home. You can also click through the photos in the gallery.

1. Cleveland: $19,435.17

2. Cincinnati: $22,226.95

3. St. Louis: $22,397.54

4. Atlanta: $24,390.94

5. Tampa: $24,650.88

6. Orlando: $28,298.47

7. San Antonio: $29,305.47

8. Dallas: $29,751.24

9. Houston: $31,298.99

10. Chicago: $32,388.90

11. Phoenix: $32,811.94

12. Minneapolis: $33,800.09

13. Philadelphia: $36,836.47

14. Baltimore: $41,155.40

15. Sacramento: $42,832.20

16. Miami: $43,918.66

17. Portland, Ore.: $45,872.78

18. Denver: $48,122.72

19. Seattle: $59,129.86

20. Washington, D.C.: $62,809.63

21. Boston: $63,673.13

22. New York City: $66,167.27

23. Los Angeles: $72,126.90

24. San Diego: $81,570.40

25. San Francisco: $115,510.06

For more information about how the analysis was done, click here.

© 2014 marconews.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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