Across the country, the salary needed to live in the largest metro areas has fluctuated in 2016, according to a new report from HSH.com.
In the metro Boston area, the median salary required to live is $79,577.57, a $3,573.85 decrease from last quarter. In addition to the needed salary dropping, the average price of homes in the area also dropped by 3.84 percent.
Boston has established itself as one of the more lavish living options when compared to other major cities in our chart below:
| Metro Area | Local Mortgage Rates | Median Home Price | Local Monthly Payment | Local Salary |
|---|---|---|---|---|
| Atlanta | 3.88% | $167,800 | $859.25 | $36,824.97 |
| Boston | 3.81% | $378,500 | $1,856.81 | $79,577.57 |
| Chicago | 3.89% | $208,600 | $1,333.93 | $57,168.35 |
| Dallas | 3.90% | $210,100 | $1,209.28 | $51,826.29 |
| Houston | 3.90% | $208,000 | $1,199.15 | $51,392.04 |
| Los Angeles | 3.90% | $458,900 | $2,104.21 | $90,180.58 |
| Miami | 3.93% | $286,700 | $1,455.31 | $62,370.25 |
| New York | 3.87% | $381,000 | $1,988.14 | $85,205.89 |
| San Francisco | 3.81% | $770,300 | $3,364.57 | $144,196.08 |
| Seattle | 4.02% | $383,100 | $1,809.01 | $77,529.01 |