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About California

Household Income of $126,400 Needed to Qualify to Buy a San Diego House

A minimum annual household income of $126,400 is required to qualify to buy a house in San Diego, more than double the $54,800 needed nationwide, a new study says. “Furthermore, only 29% of households here can afford to purchase a median priced home compared to 31% in California and 56% nationwide (as of Q3 2019),” said Larry Cambra, director of brokerage in San Diego for Cushman & Wakefield, an international commercial real estate company. Are you ready to leave California?

Doreen Pottios
December 18, 2019