A six-figure income is all but becoming a requirement if you want to buy a home in a major metropolitan area. This is especially true if you’re looking to spend money to live on the East Coast.
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A June 2025 study from Clever Real Estate revealed in 33 out of 50 of America’s largest cities buyers need to earn $100,000 to afford a home. Of these 33 cities, 12 are in the East Coast region.
Keep reading to find out which 12 East Coast cities you need to make $100,000 annually to buy a home in after the 20% down payment.
Baltimore
Median household income: $94,289
Median home sales price (April 2025): $395,000
Income needed with 20% down: $111,649
Income gap to afford median home with 20% down: $17,360
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Richmond, Virginia
Median household income: $84,332
Median home sales price (April 2025): $400,000
Income needed with 20% down: $106,909
Income gap to afford median home with 20% down: $22,577
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Atlanta
Median household income: $86,505
Median home sales price (April 2025): $400,000
Income needed with 20% down: $109,760
Income gap to afford median home with 20% down: $23,255
Raleigh, North Carolina
Median household income: $96,096
Median home sales price (April 2025): $441,000
Income needed with 20% down: $120,069
Income gap to afford median home with 20% down: $23,973
Charlotte, North Carolina
Median household income: $81,262
Median home sales price (April 2025): $409,000
Income needed with 20% down: $107,912
Income gap to afford median home with 20% down: $26,650
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Jacksonville, Florida
Median household income: $77,044
Median home sales price (April 2025): $370,000
Income needed with 20% down: $115,831
Income gap to afford median home with 20% down: $38,787
Tampa, Florida
Median household income: $72,743
Median home sales price (April 2025): $370,000
Income needed with 20% down: $116,256
Income gap to afford median home with 20% down: $43,513
Orlando, Florida
Median household income: $77,378
Median home sales price (April 2025): $408,000
Income needed with 20% down: $128,233
Income gap to afford median home with 20% down: $50,855
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Providence, Rhode Island
Median household income: $83,330
Median home sales price (April 2025): $485,000
Income needed with 20% down: $142,700
Income gap to afford median home with 20% down: $59,370
Boston
Median household income: $110,697
Median home sales price (April 2025): $750,000
Income needed with 20% down: $215,387
Income gap to afford median home with 20% down: $104,690
Miami
Median household income: $76,271
Median home sales price (April 2025): $590,000
Income needed with 20% down: $188,008
Income gap to afford median home with 20% down: $111,737
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New York City
Median household income: $95,220
Median home sales price (April 2025): $765,000
Income needed with 20% down: $233,455
Income gap to afford median home with 20% down: $138,235
Editor’s note: Data was sourced from Clever Real Estate and is accurate as of Aug. 5, 2025.
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This article originally appeared on GOBankingRates.com: 12 East Coast Cities Where You Need To Earn Six Figures To Afford a Typical Home
