How much income you need to comfortably afford a San Jose home

Imagine you have just moved your family to San Jose and want to comfortably afford the average mortgage. We're not talking about a luxury home, but your average detached tract home in a San Jose suburb. How much income would you have to make?

Are you ready? $454,296. Almost half a million dollars.

San Francisco requires less, but a still astronomical $339,864 of annual income.

This number is expected to come down in the future with interest rates, which would also increase the supply of homes for sale. In the mean time, we should be doing everything possible to increase the amount of housing available.

Source: NBC Bay Area