Salary you need to afford the average home in your state (2018)

Posted by USFC Team on Apr 10, 2018 8:00:00 AM

The salary you need to afford the average home in your state (Based on a 30-year mortgage with a 10% down payment).
How Much Income You Need to Afford the Average Home in Every U.S. State

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
2. Ohio: $38,400 for a house worth $149,900
3. Michigan: $40,800 for a house worth $160,000
4. Arkansas: $41,040 for a house worth $161,000
5. Missouri: $42,200 for a house worth $165,900

Top 5 Places Where You Need the Highest Salaries to Afford the Average Home
1. Hawaii: $153,520 for a house worth $610,000
2. Washington, DC: $138,440 for a house worth $549,000
3. California: $120,120 for a house worth $499,900
4. Massachusetts: $101,320 for a house worth $419,900
5. Colorado: $100,200 for a house worth $415,000

Median household Income in the US in 2016 was $59,039. Almost 2/3 of the states in the US have salary less than $70,000 per annum.

Most aspiring migrants to the US seek quality education, better standard of living, good infrastructure and incomparable healthcare benefits in the 1st world country.

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By: environmental scientist, Alex Egoshin. Original article posted on April 3, 2018 on Vivid Maps. A link to the original article can be found here.
Source: Article posted on Sept 12, 2017 in The New York Times by Binyamin Appelbaum. A link to the original article can be found here.

Topics: EB-5, USA, real estate, Immigration, FD+

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