12 East Coast Cities Where You Need To Earn Six Figures To Afford a Typical Home

High Income Requirement for Homebuyers: A study indicates that in 33 out of the 50 largest U.S. cities, buyers need to earn at least $100,000 annually to afford a home, with 12 of these cities located on the East Coast.

Income Gaps and Home Prices: The article highlights significant income gaps between median household incomes and the income required to purchase homes, emphasizing the financial challenges faced by potential buyers in major metropolitan areas.