CHICAGO - The salary needed to afford a home in Chicago is probably not what you'd expect.
Visual Capitalist used data from Home Sweet Home to analyze the salary one needs to earn in order to buy a home in America's 50 biggest metros.
According to the data, the median home price in the U.S. is around $370,000. That means the average person would need to earn around $76,000 to consider comfortably purchasing a home in the U.S.
The data shows that Chicago's median home price is $325,400 — and the salary needed to afford a home in the Windy City comes in just above the U.S. average, at $76,500.
The top four most expensive areas to live in the U.S. are all in California:
1. San Jose — The highest median home prices in the U.S. can be found in San Jose, where you'd need to earn around $337,000. The data revealed the monthly mortgage payment in San Jose for the median home is $7,718.
2. San Francisco
3. San Diego
4. Los Angeles
Rounding out the top 10 are:
7. New York City
10. Washington, D.C.
You can see how other cities rank by tapping or clicking here.
Meanwhile, a new report reveals the disparity between minimum wage and the cost of an average two-bedroom rental in different U.S. cities.
According to the report, the average Illinoisan needs to earn an hourly wage of $22.80 and work full-time to afford a two-bedroom apartment.
For more on that report, tap or click here.