In the US, the amount of income needed to buy a home varies significantly by location. For example, in San Jose, California, nearly $200,000 in annual income is required, while in Pittsburgh, it's under $65,000. The housing market data is based on statistics from the National Association of Realtors and other sources.

It assumes a 20% down payment and a debt-to-income ratio of 28%, which is typically recommended by lenders. Further details on income requirements for major metro areas are available from the source, including quarterly updates and calculations from HSH.