The most expensive metro areas to live in the United States are usually the same major cities year after year. When the final numbers come out each year to no one's surprise New York, San Fransisco, Los Angeles, and Boston are most likely to top the list of most expensive places to hang your hat. But what about the least expensive? Where can you live to get the most bang for your real estate buck? Here are the top 5 metro areas that require the least amount of salary to purchase a median-priced home:
1. Pittsburgh
Salary needed: $32,373
Median home price: $136,700
2. Cleveland
Salary needed: $33,909
Median home price: $129,900
3. Tampa
Salary needed: $35,732
Median home price: $145,000
4. Cincinnati
Salary needed: $35,765
Median home price: $149,000
5. St. Louis
Salary needed: $35,800
Median home price: $150,200
These numbers were found in the article "The salary you must earn to buy a home in 27 metros". I find it interesting to note that four of these five metro areas are known for their cold weather. Is this a sign of the shifting demographic to warmer weather climates? Time will tell but here in Gilbert, Arizona we are one of the fastest growing cities in the Country. If you would like more information on real estate in the Gilbert, Arizona area contact us at ZionRealtyAZ.com.
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