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Here's the Salary You Need to Buy a House in 12 Major Cities

Or, 12 reasons to leave San Francisco. (Kidding. Sort of.)

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Making the leap from renter to owner is no small feat, but in some American cities, it's especially difficult ... unless you're raking in some serious cash.

For example, to buy a home in the notoriously expensive metropolis of San Francisco, one would need a salary of $153,000 a year. The housing market is equally prohibitive in other cities as well.

Read on to see the salary you would need in the country's other major cities — assuming you make a 20% down payment, and qualify for a 30-year fixed rate mortgage — according to mortgage website HSH.com:

San Francisco, California

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In San Francisco, the median home price comes in at $809,400, and buyers would need to make a salary of $153,000 to afford a similarly priced home.

Los Angeles, California

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With a median home price of $506,800, Los Angeles residents looking to buy a home would need to make a salary of $99,500.

Boston, Massachusetts

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The median home price in Boston is $449,000, meaning buyers need to make $93,000 a year to consider purchasing a similar home.

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New York City, NY

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In The Big Apple, the median home price comes in at $410,500, so home buyers would need to make at least $91,500 a year to consider buying a home with a similar asking price.

Washington, D.C.

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The median home price in America's capital is $388,600, so a yearly salary of $82,000 would be needed before buying a home.

Seattle, Washington

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With a median home price of $386,300, Seattle's potential buyers need to make around $79,000 a year to comfortably afford a home.

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Denver, Colorado

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In the Mile-High City, a home will set you back around $353,000, meaning interested home buyers should bring in a salary of at least $70,000 a year before making a purchase.

Portland, Oregon

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In Portland, the average price of a home is around $319,300, so buyers should bring in a yearly salary of $66,500.

Chicago, Illinois

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The average cost of a home in Chicago is $229,300, so home owners making around $61,500 a year would be able to comfortably afford a home in the Windy City.

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Philadelphia, Pennsylvania

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In Philadelphia, the median home price is around $234,700, so people making around $55,500 a year would be able to afford a home in the City of Brotherly Love.

Minneapolis, Minnesota

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With a median home price of $288,700, Minneapolis is a good option for home buyers with a salary of $51,500 a year.

Orlando, Florida

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The median cost of a home in Orlando, Florida is about $201,200, meaning a salary of $47,500 a year would allow a buyer to comfortably afford a home.

h/t: realtor.com

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