Here’s the Salary You Need to Buy a Home in Our Favorite East Coast Cities
The East Coast Has Cities for Every Budget
The West Coast might get the bulk of the attention when it comes to popular cities (think: San Diego, San Francisco, Portland, Seattle…), but there’s a lot to be said about living on the East Coast. From its deep history to the changing of the seasons to the blunt honesty in how the people talk, what’s not to love about the East Coast?
If your plans have you moving to the eastern side of the country, then you’ll be glad to know that regardless of your income, you’ll be able to find a home you love. The real secret is that you just need to find the city that matches your income level. With that in mind, here are five of our favorite East Coast cities, and the salary you’re going to need to buy a home in each one.
The City That Never Sleeps; The Big Apple; New York City – if you’re going to be moving to NYC, then the truth is, you’re going to need a hefty salary. New York City might not be the most expensive city in the country, but the salary requirements are still extreme, and so are the housing options – for many, the city seems to be filled with apartments the size of a standard closet.
Space is at a premium in NYC, so you should be prepared to pay accordingly. The average salary required to buy a home here is nearly $98,000. Of course, what you don’t get in space you more than make up for in attractions, sports teams, museums, theater, and of course, food.
Although it’s on the cusp of the Rust Belt, the Steel City is still considered an East Coast city. But, unlike NYC, the cost of living in Pittsburgh is at the other end of the scope entirely. Right now it’s very affordable to live in Pittsburgh (at the moment), but with so much positive growth, who knows how long that will last.
The average home price in Pittsburgh is just $135,000, so all you need to buy a home there is a salary of about $35,000. It kind of explains why so many creatives are moving to the city and opening businesses or finding success freelancing.
Atlanta is home to some of the country’s most adventurous restaurants. Its shopping and cultural arts scenes are also among the country’s best. And, its nightlife rivals Miami’s. It’s an understatement to say Atlanta is an exciting city to live in.
As for its real estate, Atlanta has something for just about everyone. If you’re thinking about moving to Georgia’s capital, then you will want to make sure you earn at least $45,000.
Richmond is a major metropolitan city with the feel of a small home town. It’s famous for its southern charm and good old-fashioned sensibilities. Located along the James River, the capital of Virginia is conveniently close to cities like Williamsburg, Charlottesville, and Washington, DC.
Another great thing about Richmond is that you don’t need to make a ton of money to buy a home. If you have a salary of $53,000, then you’ll find yourself in good shape.
Providence is a blend of Colonial-era America and mid-century modern. It’s the capital of Rhode Island and one of the oldest cities in the US. In 2009, the city claimed the nickname the “Creative Capital,” because of its incredible arts community and higher education resources.
If you want to buy a home in the third-most populated city in the New England region, then the magic number for your salary is going to be a comfortable $66,500.
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