It’s still possible to buy a home with a salary of $50,000 or less — you just have to know where to look
As home prices surge and salaries have largely stagnated, the old American dream of owning a house has been put on the back burner for many. You may feel like you’ll be shelling out rent money forever, but there is hope!
1. Pittsburgh Forget $50,000; to purchase a house in Pittsburgh, you need an annual salary of $38,253 a year. Pittsburgh may not traditionally be seen as a “hip” city, but we beg to differ. The Steel City is also a smart city, with a burgeoning tech scene and more than 30 colleges and universities, including the University of Pittsburgh and the prestigious Carnegie Mellon University.
Plus, its food scene has evolved and has so much more to offer than the city’s signature chili. James Beard award-winning chef Jose Salazar has introduced delicious tapas to the local menu at Mita’s, while other noteworthy restaurants include Bauer European Farm Kitchen for German food and Eighth & English for its raw bar.
4. St. Louis, Missouri In St. Louis, a salary of $44,957 yearly will get you where you need to be to purchase a slice of the American dream. Affordable housing aside, St. Louis’ cool factor comes from its reputation as a beer destination and its burgeoning tech and startup scene. St. Louis liked craft beer before it was cool, and more than 15 breweries, including the Anheuser-Busch Brewery, pump out delicious brews here.
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