The Mortgage website HSH.com analyzed median home prices and interest rates for common 30-year, fixed-rate mortgages, as well as property taxes and insurance costs, to figure out how much money it would take a person to pay a home’s mortgage principal, taxes, and insurance — and how much you would have to earn to afford it. You can check out its website for the full methodology.
The states below are ordered from lowest salary required to highest and rounded to the nearest $500.
Median Home Price: $110,750
Monthly Mortgage Payment: $752
Salary Needed To Buy: $32,500