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22 US states now require a six-figure income to afford a median-priced home due to a 46% increase in housing prices since 2020.
22 US states now require a six-figure income for buyers to afford a typical median-priced home, according to Bankrate, due to increasing housing prices since 2020.
In January 2024, the median cost for a home was $402,343, a 46% increase from January 2020.
To afford a $402,343 home, an income of $110,871 is required.
The five states requiring the lowest annual income for home buying are Mississippi, Ohio, Arkansas, Indiana, and Kentucky.
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22 estados de EE. UU. ahora exigen un ingreso de seis cifras para permitirse una vivienda de precio medio debido a un aumento del 46% en los precios de la vivienda desde 2020.