Household Income Needed to Afford a San Diego Home Soars Above $250K ...Middle East

Times of San Diego - News

A home for sale in Del Mar. File photo by Chris Jennewein How do you achieve the American dream of buying a home? In San Diego, by making more than $250,000. For hopefuls in California’s major metros, including San Diego, the household income required to purchase a median-priced home exceeds a quarter of a million dollars, or more than double the national income needed. According to April housing data by Realtor.com, the national required household income to purchase such a home rose to $116,000, up $5,900 from a year ago, after accounting for the cost of tax and insurance. But in San Diego the income needed is a whopping $259,000, just ahead of San Francisco, at $256,000.

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Last updated : 03 May 2024 clock 08:45 PM

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