Salary You Need to Afford the Average Home in Your State
The map above from howmuch shows how much salary you need to afford the average home in your state. This a quick snapshot of housing affordability across the United States.
Top five places where you need the highest salaries to afford the average house:
- Hawaii: $153,520 for a house worth $610,000
- Washington, DC: $138,440 for a house worth $549,000
- California: $120,120 for a house worth $499,900
- Massachusetts: $101,320 for a house worth $419,900
- Colorado: $100,200 for a house worth $415,000
Top five places where you need the lowest salaries to afford the average house:
- West Virginia: $38,320 for a house worth $149,500
- Ohio: $38,400 for a house worth $149,900
- Michigan: $40,800 for a house worth $160,000
- Arkansas: $41,040 for a house worth $161,000
- Missouri: $42,200 for a house worth $165,900
Source: howmuch