Curiosity

Map Shows The Salary You Need To Afford A Home In Every State

Where does your state rank?

Chances are you’ve considered how much money you would need to earn in order to buy a home. The answer, of course, depends largely on where you live. To give you an idea, finance website HowMuch.net recently crunched the housing affordability numbers for each state.

To arrive at its estimates, the website layered in several factors. The team collected average home prices in every state from Zillow, then plugged those figures into a mortgage calculator to determine monthly payments. HowMuch.net considered an interest rate that varied between 4 and 5 percent in each state. Also, it was assumed buyers were contributing a 10-percent down payment.

Existing Home Sales And Prices Hit Record High
Getty Images | Tim Boyle

Given that many financial advisors recommend the total cost of housing take up no more than 30 percent of gross income (i.e. the amount before taxes, retirement savings, etc.), the data team used that rule as a benchmark to calculate the minimum salary needed to afford the average home in each state. The figures are based on 30-year mortgages.

HowMuch.net

Next, we took HowMuch.net’s findings a step further by including the latest U.S. Census Bureau data on median household income to help illustrate how affordable a home purchase may actually be for the average person living in that state.

Ready to see how your state fares when it comes to affordability and home prices?

Alabama

Salary needed to afford a home: $47,960

Median household income: $46,257

gulf shores alabama photo
Flickr | chocmonk

Alaska

Salary needed to afford a home: $67,280

Median household income: $76,440

anchorage alaska photo
Getty Images | Streeter Lecka

Arizona

Salary needed to afford a home: $67,280

Median household income: $53,558

sedona photo
Getty Images | Bruce Bennett

Arkansas

Salary needed to afford a home: $41,040

Median household income: $44,334

little rock arkansas photo
Flickr | Sean Davis

California

Salary needed to afford a home: $120,120

Median household income: $67,739

golden gate bridge photo
Getty Images | Justin Sullivan

Colorado

Salary needed to afford a home: $100,200

Median household income: $65,685

downtown denver photo
Getty Images | Doug Pensinger

Connecticut

Salary needed to afford a home: $75,280

Median household income: $73,433

Connecticut photo
Flickr | jjbers

Delaware

Salary needed to afford a home: $67,960

Median household income: $61,757

delaware photo
Flickr | -Jeffrey-

District Of Columbia

Salary needed to afford a home: $138,440

Median household income: $75,506

washington dc photo
Flickr | szeke

Florida

Salary needed to afford a home: $70,360

Median household income: $50,860

florida beach photo
Flickr | apasciuto

Georgia

Salary needed to afford a home: $59,520

Median household income: $53,559

savannah georgia summer photo
Flickr | Ken Lund

Hawaii

Salary needed to afford a home: $153,52o

Median household income: $74,511

hawaii photo
Flickr | Anthony Quintano

Idaho

Salary needed to afford a home: $70,360

Median household income: $51,807

idaho photo
Flickr | treegrow

Illinois

Salary needed to afford a home: $53,880

Median household income: $60,960

chicago photo
Flickr | szeke

Indiana

Salary needed to afford a home: $42,560

Median household income: $52,314

Indianapolis photo
Getty Images | Chris Graythen

Iowa

Salary needed to afford a home: $44,360

Median household income: $56,247

iowa state fair photo
Flickr | SchwhatNow

Kansas

Salary needed to afford a home: $43,160

Median household income: $54,935

downtown topeka photo
Flickr | Dougtone

Kentucky

Salary needed to afford a home: $44,360

Median household income: $46,659

kentucky photo
Flickr | nickirp

Louisiana

Salary needed to afford a home: $50,320

Median household income: $45,146

new orleans photo
Flickr | faungg's photos

Maine

Salary needed to afford a home: $55,520

Median household income: $53,079

maine photo
Flickr | Ken Lund

Maryland

Salary needed to afford a home: $72,200

Median household income: $78,945

maryland photo
Flickr | Dougtone

Massachusetts

Salary needed to afford a home: $101,320

Median household income: $75,297

boston photo
Getty Images | Maddie Meyer

Michigan

Salary needed to afford a home: $40,800

Median household income: $52,492

downtown detroit photo
Getty Images | Chip Somodevilla

Minnesota

Salary needed to afford a home: $64,720

Median household income: $65,599

minneapolis photo
Getty Images | Tom Dahlin

Mississippi

Salary needed to afford a home: $44,360

Median household income: $41,754

mississippi photo
Flickr | Ken Lund

Missouri

Salary needed to afford a home: $42,200

Median household income: $51,746

st louis arch photo
Getty Images | Todd Warshaw

Montana

Salary needed to afford a home: $75,520

Median household income: $50,027

glacier national park montana photo
Flickr | dconvertini

Nebraska

Salary needed to afford a home: $51,520

Median household income: $56,927

omaha nebraska photo
Getty Images | Peter Aiken

Nevada

Salary needed to afford a home: $73,120

Median household income: $55,180

las vegas strip photo
Flickr | holidaypointau

New Hampshire

Salary needed to afford a home: $68,440

Median household income: $70,936

new hampshire photo
Flickr | kla4067

New Jersey

Salary needed to afford a home: $69,640

Median household income: $76,126

jersey shore photo
Flickr | milst1

New Mexico

Salary needed to afford a home: $54,880

Median household income: $46,748

albuquerque photo
Flickr | Corvair Owner

New York

Salary needed to afford a home: $91,720

Median household income: $62,909

new york city photo
Flickr | Zeeyolq Photography

North Carolina

Salary needed to afford a home: $63,840

Median household income: $50,584

outer banks beach photo
Flickr | smkybear

North Dakota

Salary needed to afford a home: $56,000

Median household income: $60,656

north dakota photo
Getty Images | Andrew Burton

Ohio

Salary needed to afford a home: $38,400

Median household income: $52,334

roebling bridge cincinnati photo
Flickr | string_bass_dave

Oklahoma

Salary needed to afford a home: $45,320

Median household income: $49,176

oklahoma photo
Flickr | Larry Smith2010

Oregon

Salary needed to afford a home: $87,160

Median household income: $57,532

cannon beach photo
Getty Images | Brent Stirton

Pennsylvania

Salary needed to afford a home: $47,960

Median household income: $56,907

philadelphia photo
Flickr | Jamesy Peña

Rhode Island

Salary needed to afford a home: $69,640

Median household income: $60,596

providence photo
Flickr | spablab

South Carolina

Salary needed to afford a home: $58,840

Median household income: $49,501

charleston rainbow row photo
Flickr | AJ Photographic Art

South Dakota

Salary needed to afford a home: $55,360

Median household income: $54,467

south dakota photo
Flickr | Ladycliff

Tennessee

Salary needed to afford a home: $55,760

Median household income: $48,547

ryman auditorium photo
Flickr | Picster Jimster

Texas

Salary needed to afford a home: $66,080

Median household income: $56,565

san antonio riverwalk photo
Flickr | J.R.Ramos

Utah

Salary needed to afford a home: $83,720

Median household income: $65,977

park city utah photo
Flickr | Ken Lund

Vermont

Salary needed to afford a home: $62,600

Median household income: $57,677

vermont photo
Flickr | denisbin

Virginia

Salary needed to afford a home: $71,960

Median household income: $68,114

virginia photo
Flickr | lukas schlagenhauf

Washington

Salary needed to afford a home: $87,040

Median household income: $67,106

space needle photo
Flickr | Maëlick

West Virginia

Salary needed to afford a home: $38,320

Median household income: $43,385

new river gorge bridge photo
Flickr | jalexartis

Wisconsin

Salary needed to afford a home: $50,080

Median household income: $56,811

madison wisconsin photo
Getty Images | Jamie Squire

Wyoming

Salary needed to afford a home: $58,000

Median household income: $59,882

jackson hole photo
Flickr | Larry Johnson