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Here's the Salary Needed to Buy a Median Home in Miami

Over $62,000

Coming on the heels of a study concluding one needs to have a $90,000 salary to comfortably rent a median two-bedroom apartment in Miami, a new study by HSH calculated the salary needed to buy a median home is $62,370, which is about $13,000 above the national average.

The study utilized a 20-percent down payment, 30-year fixed mortgage rate, and median home price of $286,700, equating to monthly payments of $1,455.

If the down payment halved to 10 percent, the salary jumps to $72,242. Check out the national picture below.