News

Actions

Nearly $131K salary needed to buy home in San Diego, report claims

Posted: 7:45 PM, Aug 20, 2018
Updated: 2018-08-21 02:50:17Z

SAN DIEGO (KGTV) -- According to a new report, San Diegans need to make more than $130,000 a year to be able to afford a home.

Mortgage site HSN.com reported on the findings last week. Nationally, a salary of just over $61,000 is needed to buy a home at the median US price.

In San Diego, however, the report claims a salary of $130,986.05 is needed to afford a $645,000 home, and that’s assuming you’re willing to put down 20 percent.

With only a 10 percent down payment, the required salary rises to more than $155,000. To read through the full report, click here.

Related stories: