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How Much Do You Need To Earn To Buy A House In Your Area?

According to Shelter, the average first-time buyer in England will need to earn £64,000 a year to afford an average-priced house in 2020. Can you guess how much you'd need where you live?

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Then you should probably pay attention to these stats. Housing charity Shelter has calculated that by 2020, the average first-time home buyer in England will need to earn an annual salary of £64,000 to secure a mortgage to buy an average-priced house. That's an increase of nearly a fifth on the £52,000 that a typical first-time buyer would need to earn today.

Shelter estimates the average home will be worth £270,000 by 2020 and that buyers will also need a deposit of £46,000 in order to secure a mortgage.

These figures are based on a single person working full-time – obviously, it would be easier if a couple were pooling their income and savings together to buy the home.

But can you guess how much you'd need to be earning to afford to buy a home where you live in 2020? There is only data for England, so apologies to everyone else.

  1. How much would you need to earn a year to buy an average home in London in 2020?

    Thinkstock
    Correct
    Incorrect
    £50,000
    Correct
    Incorrect
    £79,000
    Correct
    Incorrect
    £95,000
    Correct
    Incorrect
    £106,000
    Correct
    Incorrect
    £142,000
    Correct!
    Wrong!

    It's £106,000!

    Yes, you'll need to earn more than £100,000 a year AND pay a deposit of at least £138,000 in order to get a mortgage to buy an average-priced house in London, according to Shelter. The average house price in London is set to rise from £419,000 to £558,000 by 2020.

  2. How much would you need to earn a year to buy an average home in the South East of England in 2020?

    Thinkstock
    Correct
    Incorrect
    £29,000
    Correct
    Incorrect
    £35,000
    Correct
    Incorrect
    £48,000
    Correct
    Incorrect
    £66,000
    Correct
    Incorrect
    £95,000
    Correct!
    Wrong!

    It's £66,000!

    Plus you'll need a deposit of at least £61,000. The average house price in the south-east is £257,000 and is expected to rise to £316,000 by 2020.

  3. What about the East of England?

    Correct
    Incorrect
    £25,000
    Correct
    Incorrect
    £34,000
    Correct
    Incorrect
    £56,000
    Correct
    Incorrect
    £63,000
    Correct
    Incorrect
    £70,000
    Correct!
    Wrong!

    It's £63,000!

    That's a huge increase on the current median salary, which is in the region of £29,300. You'll also need a deposit of £51,000 to afford the average house, which will be worth £279,000 by 2020.

  4. The South West of England?

    Correct
    Incorrect
    £23,000
    Correct
    Incorrect
    £26,000
    Correct
    Incorrect
    £34,000
    Correct
    Incorrect
    £48,000
    Correct
    Incorrect
    £51,000
    Correct!
    Wrong!

    It's £51,000!

    Plus you'll need a deposit of £47,000 to afford the average house, which will be worth £236,000 by 2020.

  5. The West Midlands?

    Thinkstock
    Correct
    Incorrect
    £25,000
    Correct
    Incorrect
    £36,000
    Correct
    Incorrect
    £41,000
    Correct
    Incorrect
    £46,000
    Correct!
    Wrong!

    It's £46,000!

    And that's a lot more than the current median salary in the region, which is £25,700. You'll also need a deposit of £28,000 to afford the average home, which will be worth £183,000 by 2020.

  6. The East Midlands?

    Michael Regan / Getty
    Correct
    Incorrect
    £25,600
    Correct
    Incorrect
    £31,000
    Correct
    Incorrect
    £37,000
    Correct
    Incorrect
    £44,000
    Correct
    Incorrect
    £54,000
    Correct!
    Wrong!

    It's £44,000!

    The median wage in the East Midlands is currently £25,600. And you'll also need a deposit worth £27,000 to afford the average home, which will be worth £175,000 by 2020.

  7. Yorkshire and the Humber?

    Bryn Lennon / Getty
    Correct
    Incorrect
    £25,100
    Correct
    Incorrect
    £28,000
    Correct
    Incorrect
    £32,000
    Correct
    Incorrect
    £39,000
    Correct
    Incorrect
    £44,000
    Correct!
    Wrong!

    It's £44,000!

    The median salary in the region is £25,100. You'll also need a deposit of £25,000 to afford the average home, which will be worth £164,000 by 2020.

  8. The North West?

    Thinkstock
    Correct
    Incorrect
    £21,000
    Correct
    Incorrect
    £25,600
    Correct
    Incorrect
    £31,000
    Correct
    Incorrect
    £38,000
    Correct
    Incorrect
    £44,000
    Correct!
    Wrong!

    Again....it's £44,000!

    The median salary in the North West is £25,700. You'll also need a deposit of £25,000 to afford the average-priced home, which will be worth £165,000 by 2020.

  9. The North East?

    thinkstock
    Correct
    Incorrect
    £20,100
    Correct
    Incorrect
    £23,000
    Correct
    Incorrect
    £32,000
    Correct
    Incorrect
    £36,000
    Correct
    Incorrect
    £40,000
    Correct!
    Wrong!

    It's £40,000 – the lowest of the lot.

    The median salary in the North East is currently £25,200. And you'll need a deposit of £21,000 to be able to afford the average home, which will be worth £142,000 by 2020.

A note on the data: Shelter's projections are based on predictions from professor Paul Cheshire for Santander, which said house prices would rise 23% by 2020.

The typical median salary is taken from the Annual Survey of Hours and Earnings, while the house price data is from the ONS House Price Index.

Shelter's analysis is based on the assumption that someone would take out a mortgage as a first-time buyer, and that mortgage advance-to-loan ratios will remain the same between 2015 and 2020.

Patrick Smith is a senior reporter for BuzzFeed News and is based in London.

Contact Patrick Smith at patrick.smith@buzzfeed.com.

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