The difference is much much greater than that if you have a family and are looking to buy a House in the bay area with a decent size back yard. In most parts o

The difference is much much greater than that if you have a family and are looking to buy a House in the bay area with a decent size back yard. In most parts of the country you can do that on a houshold income of about 40k to 100k. In the bay area penninsula, currently, you would need an income of about 600K in order to get the same type of house and yard combination (which would roughly cost 2M to 3M). And that's with the vast majority of your income going towards paying off that mortgage AND property taxes.