This Map Shows How Much Money You Have to Make to Afford a Home in Each State
by Matthew Gilligan
The folks who created the graphic came up with the salary for each state based on a 30-year mortgage with a 10% down payment.
As you can imagine, there are some major differences between the different states.
The high end of the map shows that you need to have a salary of $138,440 to afford to buy the average home in Washington, D.C. In fact, there are several states in the northeast that are pricey, including New York ($91,720) and Massachusetts ($101,320).
Predictably, the west coast also has some high numbers.
To be able to afford the average home in California, you need to make $120,120 and, Oregon and Washington both come in at more than $87,000.
In the middle of the country, Colorado is expensive as well at $100,200.
The south and the midwest have the lowest numbers, including Kansas at $43,160, Arkansas at $41,040, and Alabama coming in at $47,960.
Take a look at the map below to get all the details.