How much money must you earn to afford a home in each state?

How much money must you earn to afford a home in each state? - Fewer Americans are buying homes in today's economy. High costs and changing demographics are among the greatest factors contributing to this. The website HowMuch calculated the salary necessary to be able to afford an average home in each state. The website used interest rates of four and five percent based on the market. HowMuch also assumed that buyers could contribute a 10% down payment. Ranked from best to worst, check out a ranking of the income buyers must earn in order to afford a house in each state.

0 / 52 Fotos

51. West Virginia - Salary: $38,320 /
Price of average home: $149,500

1 / 52 Fotos

50. Ohio - Salary: $38,400 /
Price of average home: $149,900

2 / 52 Fotos

49. Michigan - Salary: $40,800 /
Price of average home: $160,000

3 / 52 Fotos

48. Arkansas - Salary: $41,040 /
Price of average home: $161,000

4 / 52 Fotos

47. Missouri - Salary: $42,200 /
Price of average home: $165,900

5 / 52 Fotos

46. Indiana - Salary: $42,560 /
Price of average home: $167,400

6 / 52 Fotos

45. Kansas - Salary: $42,560 /
Price of average home: $169,900

7 / 52 Fotos

44. Mississippi - Salary: $44,360 /
Price of average home: $175,000

8 / 52 Fotos

43. Iowa - Salary: $44,360 /
Price of average home: $174,900

9 / 52 Fotos

42. Kentucky - Salary: $44,360 /
Price of average home: $174,900

10 / 52 Fotos

41. Oklahoma - Salary: $45,320 /
Price of average home: $178,900

11 / 52 Fotos

40. Pennsylvania - Salary: $47,960 /
Price of average home: $190,000

12 / 52 Fotos

39. Alabama - Salary: $47,960 /
Price of average home: $190,000

13 / 52 Fotos

38. Wisconsin - Salary: $50,080 /
Price of average home: $199,000

14 / 52 Fotos

37. Louisiana - Salary: $50,080 /
Price of average home: $199,000

15 / 52 Fotos

36. Nebraska - Salary: $51,520 /
Price of average home: $204,900

16 / 52 Fotos

35. Illinois - Salary: $53,880 /
Price of average home: $214,900

17 / 52 Fotos

34. New Mexico - Salary: $54,880 /
Price of average home: $219,000

18 / 52 Fotos

33. South Dakota - Salary: $55,360 /
Price of average home: $224,250

19 / 52 Fotos

32. Maine - Salary: $55,520 /
Price of average home: $224,900

20 / 52 Fotos

31. Tennessee - Salary: $55,760 /
Price of average home: $225,900

21 / 52 Fotos

30. North Dakota - Salary: $56,000 /
Price of average home: $226,900

22 / 52 Fotos

29. Wyoming - Salary: $58,000 /
Price of average home: $235,500

23 / 52 Fotos

28. South Carolina - Salary: $58,840 /
Price of average home: $239,000

24 / 52 Fotos

27. Georgia - Salary: $59,520 /
Price of average home: $241,900

25 / 52 Fotos

26. Vermont - Salary: $59,520 /
Price of average home: $255,000

26 / 52 Fotos

25. North Carolina - Salary: $63,840 /
Price of average home: $254,784

27 / 52 Fotos

24. Minnesota - Salary: $64,720 /
Price of average home: $264,000

28 / 52 Fotos

23. Texas - Salary: $66,080 /
Price of average home: $269,900

29 / 52 Fotos

22. Alaska - Salary: $67,280 /
Price of average home: $274,900

30 / 52 Fotos

21. Arizona - Salary: $67,280 /
Price of average home: $275,000

31 / 52 Fotos

20. Delaware - Salary: $67,960 /
Price of average home: $277,900

32 / 52 Fotos

19. New Hampshire - Salary: $68,440 /
Price of average home: $279,900

33 / 52 Fotos

18. Rhode Island - Salary: $69,640 /
Price of average home: $285,000

34 / 52 Fotos

17. New Jersey - Salary: $69,640 /
Price of average home: $285,000

35 / 52 Fotos

16. Idaho - Salary: $70,360 /
Price of average home: $287,990

36 / 52 Fotos

15. Florida - Salary: $70,360 /
Price of average home: $288,000

37 / 52 Fotos

14. Virginia - Salary: $71,960 /
Price of average home: $294,900

38 / 52 Fotos

13. Maryland - Salary: $72,200 /
Price of average home: $295,900

39 / 52 Fotos

12. Nevada - Salary: $73,120 /
Price of average home: $299,900

40 / 52 Fotos

11. Connecticut - Salary: $75,280 /
Price of average home: $309,000

41 / 52 Fotos

10. Montana - Salary: $75,520 /
Price of average home: $310,000

42 / 52 Fotos

9. Utah - Salary: $83,720 /
Price of average home: $344,990

43 / 52 Fotos

8. Washington - Salary: $87,040 /
Price of average home: $359,000

44 / 52 Fotos

7. Oregon - Salary: $87,120 /
Price of average home: $359,500

45 / 52 Fotos

6. New York - Salary: $91,720 /
Price of average home: $379,000

46 / 52 Fotos

5. Colorado - Salary: $100,200 /
Price of average home: $415,000

47 / 52 Fotos

4. Massachusetts - Salary: $101,320 /
Price of average home: $419,900

48 / 52 Fotos

3. California - Salary: $120,120 /
Price of average home: $499,900

49 / 52 Fotos

2. Washington, D.C. - Salary: $138,440 /
Price of average home: $549,000

50 / 52 Fotos

1. Hawaii - Salary: $153,520 /
Price of average home: $610,000

51 / 52 Fotos

0 / 52 Fotos

51. West Virginia - Salary: $38,320 /
Price of average home: $149,500

1 / 52 Fotos

50. Ohio - Salary: $38,400 /
Price of average home: $149,900

2 / 52 Fotos

49. Michigan - Salary: $40,800 /
Price of average home: $160,000

3 / 52 Fotos

48. Arkansas - Salary: $41,040 /
Price of average home: $161,000

4 / 52 Fotos

47. Missouri - Salary: $42,200 /
Price of average home: $165,900

5 / 52 Fotos

46. Indiana - Salary: $42,560 /
Price of average home: $167,400

6 / 52 Fotos

45. Kansas - Salary: $42,560 /
Price of average home: $169,900

7 / 52 Fotos

44. Mississippi - Salary: $44,360 /
Price of average home: $175,000

8 / 52 Fotos

43. Iowa - Salary: $44,360 /
Price of average home: $174,900

9 / 52 Fotos

42. Kentucky - Salary: $44,360 /
Price of average home: $174,900

10 / 52 Fotos

41. Oklahoma - Salary: $45,320 /
Price of average home: $178,900

11 / 52 Fotos

40. Pennsylvania - Salary: $47,960 /
Price of average home: $190,000

12 / 52 Fotos

39. Alabama - Salary: $47,960 /
Price of average home: $190,000

13 / 52 Fotos

38. Wisconsin - Salary: $50,080 /
Price of average home: $199,000

14 / 52 Fotos

37. Louisiana - Salary: $50,080 /
Price of average home: $199,000

15 / 52 Fotos

36. Nebraska - Salary: $51,520 /
Price of average home: $204,900

16 / 52 Fotos

35. Illinois - Salary: $53,880 /
Price of average home: $214,900

17 / 52 Fotos

34. New Mexico - Salary: $54,880 /
Price of average home: $219,000

18 / 52 Fotos

33. South Dakota - Salary: $55,360 /
Price of average home: $224,250

19 / 52 Fotos

32. Maine - Salary: $55,520 /
Price of average home: $224,900

20 / 52 Fotos

31. Tennessee - Salary: $55,760 /
Price of average home: $225,900

21 / 52 Fotos

30. North Dakota - Salary: $56,000 /
Price of average home: $226,900

22 / 52 Fotos

29. Wyoming - Salary: $58,000 /
Price of average home: $235,500

23 / 52 Fotos

28. South Carolina - Salary: $58,840 /
Price of average home: $239,000

24 / 52 Fotos

27. Georgia - Salary: $59,520 /
Price of average home: $241,900

25 / 52 Fotos

26. Vermont - Salary: $59,520 /
Price of average home: $255,000

26 / 52 Fotos

25. North Carolina - Salary: $63,840 /
Price of average home: $254,784

27 / 52 Fotos

24. Minnesota - Salary: $64,720 /
Price of average home: $264,000

28 / 52 Fotos

23. Texas - Salary: $66,080 /
Price of average home: $269,900

29 / 52 Fotos

22. Alaska - Salary: $67,280 /
Price of average home: $274,900

30 / 52 Fotos

21. Arizona - Salary: $67,280 /
Price of average home: $275,000

31 / 52 Fotos

20. Delaware - Salary: $67,960 /
Price of average home: $277,900

32 / 52 Fotos

19. New Hampshire - Salary: $68,440 /
Price of average home: $279,900

33 / 52 Fotos

18. Rhode Island - Salary: $69,640 /
Price of average home: $285,000

34 / 52 Fotos

17. New Jersey - Salary: $69,640 /
Price of average home: $285,000

35 / 52 Fotos

16. Idaho - Salary: $70,360 /
Price of average home: $287,990

36 / 52 Fotos

15. Florida - Salary: $70,360 /
Price of average home: $288,000

37 / 52 Fotos

14. Virginia - Salary: $71,960 /
Price of average home: $294,900

38 / 52 Fotos

13. Maryland - Salary: $72,200 /
Price of average home: $295,900

39 / 52 Fotos

12. Nevada - Salary: $73,120 /
Price of average home: $299,900

40 / 52 Fotos

11. Connecticut - Salary: $75,280 /
Price of average home: $309,000

41 / 52 Fotos

10. Montana - Salary: $75,520 /
Price of average home: $310,000

42 / 52 Fotos

9. Utah - Salary: $83,720 /
Price of average home: $344,990

43 / 52 Fotos

8. Washington - Salary: $87,040 /
Price of average home: $359,000

44 / 52 Fotos

7. Oregon - Salary: $87,120 /
Price of average home: $359,500

45 / 52 Fotos

6. New York - Salary: $91,720 /
Price of average home: $379,000

46 / 52 Fotos

5. Colorado - Salary: $100,200 /
Price of average home: $415,000

47 / 52 Fotos

4. Massachusetts - Salary: $101,320 /
Price of average home: $419,900

48 / 52 Fotos

3. California - Salary: $120,120 /
Price of average home: $499,900

49 / 52 Fotos

2. Washington, D.C. - Salary: $138,440 /
Price of average home: $549,000

50 / 52 Fotos

1. Hawaii - Salary: $153,520 /
Price of average home: $610,000

51 / 52 Fotos

How much money must you earn to afford a home in each state?

Could you afford a house today?

30/04/18 | StarsInsider

LIFESTYLE Real estate

We often hear about the increasing difficulty of buying a home in today's economy. But exactly how expensive is it? As expected, the reality varies greatly across the country. The website HowMuch calculated the salary necessary for a person to be able to afford an average home in each state. The website used interest rates ranging between four and five percent for each state based on the market. HowMuch also assumed that buyers could contribute a 10% down payment. Ranked from best to worst, check out a ranking of the income buyers must earn in order to afford a house in each state.