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Here's the salary you need to afford a typical home in the 10 most affordable states for buyers

  • The average household income needed to purchase a home at the median national price has risen by 49.5% since 2020, according to a report from Bankrate.
  • Two-thirds of states have seen a surge in required income of over 50%, with Utah leading with an 89% increase in the last five years.
  • However, some states like Ohio, Alabama, and Missouri are still more affordable for homebuyers.
  • The report suggests improving credit score, exploring down-payment assistance programs, considering cheaper options like condos, and waiting for a better financial position to enter the housing market.

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