This Is the Salary You Need to Afford the Average Home in Your State

If you’ve been wondering how much you’ll need to buy a home in your state, we’ve got an answer. Finance website HowMuch.net recently did the math on house affordability by state. Each salary was figured using average home prices from Zillow and a mortgage calculator, adding an interest rate between 4 and 5 percent.

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How Much calculated the salary you need to afford the average home in each. for homeowners, followed by California with a minimum salary of $120,120.

Your kids will be just fine attending a good public university. And everyone’s life will be more relaxed in the meantime. If.

. much you need to make to afford the average home in every state in the. your annual salary needs to be in every state if you're interested in.

Before you buy a home, it's important to find out if you can afford the monthly mortgage payment. To do this, some financial experts recommend.

"Right now, the average. You do not need a college degree to become a court reporter. You just have to attain the.

Do you know the average salary to afford a house in your state?

The salary you need to afford the average home in your state (Based on a 30-year mortgage with a 10% down payment). Top 5 Places Where You Need the Lowest Salaries to Afford the average home 1. west virginia: $38,320 for a house worth $149,500

Then, they figure what you need to buy that home. The total sales of homes in California would include foreclosures, cabins, mobile homes, and include all those areas that do have very low cost housing.

A similar study from the National Low Income Housing Coalition determined that in the Arizona, a renter would need to make $17.55 per hour at a full 40-hour-per-week job to afford an average two.

See below exactly how much salary you would need to earn in order to afford the principal, interest, taxes and insurance payments on a median-priced home in the 50 most populous metropolitan areas. Key takeaways: The latest quarterly update to our "Salary You Need To Buy A Home" series contains both good news and bad news for potential homebuyers.