How much you need to earn in every state to afford a house

Thanks to elevated mortgage rates and a housing shortage, homebuying is more expensive than ever.

In fact, you’d need to earn six figures to afford a median-priced home in all but 15 states, according to a new report from real estate platform Realtor.com.

The site’s affordability analysis also revealed that, in nearly half the country, an average four-person household doesn’t bring home enough to afford monthly mortgage payments on a median-priced three-bedroom house.

Realtor.com based its figures using a 6.65% mortgage rate on a 30-year fixed loan with a 10% down payment. Analysts factored in property taxes and homeowners’ insurance and assumed no more than 30% of a household’s income would go toward housing costs. (Income levels were based on data from the U.S. Census.)

Our youngest state is also the priciest: the median cost for a three-bedroom home in Hawaii is $796,946, which, according to Realtor.com, requires a salary of $229,341.

That’s over 40% more than the average household makes in the Aloha State.

On the other end of the spectrum, a three-bedroom house in Ohio averages $259,450 and requires an annual income of just $74,663 — far below the Buckeye State’s median household income of $113,453.

In each of the five least affordable states, you’d need to make 140% of the median income to afford a house big enough for two adults and two kids.

1. Hawaii

Median home price: $796,947
Median household income: $133,656
Income needed for homebuying: $229,341

2. California

Median home price: $728,500
Median household income: $128,533
Income needed for homebuying: $209,643

3. Montana

Median home price: $613,375.
Median household income: $111,516
Income needed for homebuying: $176,513

4. Idaho

Median home price: $566,950
Median household income: $106,407
Income needed for homebuying: $163,153

5. New York

Median home price: $659,974
Median household income: $131,389
Income needed for homebuying: $189,923

In the five most affordable states, the median household income is 1.5 times what you need to make to afford a three-bedroom property.

“Affordable housing in these states means that families can spend a bit more on other necessities or can save more,” Realtor.com senior economic research analyst Hannah Jones said in the report.

Median home price: $259,450
Median household income: $113,435
Income needed for homebuying: $74,663

Median home price: $265,350
Median household income: $114,456
Income needed for homebuying: $76,361

Median home price: $289,950
Median household income: $125,022
Income needed for homebuying: $83,440

Median home price: $279,950
Median household income: $120,308
Income needed for homebuying: $80,562

Median home price: $296,750
Median household income: $125,861
Income needed for homebuying: $85,397

To determine how affordable homebuying is in your state, compare the median income with the salary Realtor.com says is required to afford a house. The bigger the gulf between those two figures, the less affordable homes are.

Here’s the income needed to buy a median-priced property in every state, from highest to lowest.

1. Hawaii

Income needed for homebuying: $229,341

Median household income: $133,656

2. Massachusetts: 

Income needed for homebuying: $215,816

Median household income: $161,149

3. California:

Income needed for homebuying: $209,643

Median household income: $128,533

4. New York: 

Income needed for homebuying: $189,923

Median household income: $131,389

5. Montana: 

Income needed for homebuying: $176,513

Median household income: $111,516

6. Washington:

Income needed for homebuying: $174,700

Median household income: $139,828

7. Utah: 

Income needed for homebuying: $168,693

Median household income: $120,187

8. New Hampshire:

Income needed for homebuying: $165,456

Median household income: $153,749

9.  Idaho:

Income needed for homebuying: $163,153

Median household income: $106,407

10. Colorado:

Income needed for homebuying: $161,002

Median household income: $135,820

11. Oregon:

Income needed for homebuying: $158,276

Median household income: $119,432

12. New Jersey:

Income needed for homebuying: $156,822

Median household income: $157,404

13. Rhode Island:

Income needed for homebuying: $151,067

Median household income: $138,933

14. Connecticut:

Income needed for homebuying: $143,729

Median household income: $149,181

15. Vermont:

Income needed for homebuying: $143,168

Median household income: $132,356

16. Arizona:

Income needed for homebuying: $140,578

Median household income: $107,944

17. Nevada:

Income needed for homebuying: 139,742

Median household income: $99,819

18. Delaware:

Income needed for homebuying: $137,986

Median household income: $128,053

19. Wyoming:

Income needed for homebuying: $132,297

Median household income: $113,060

20. Maine: 

Income needed for homebuying: $129,340

Median household income: $114,591

21. Florida:

Income needed for homebuying: $125,182

Median household income: $104,069

22. Alaska:

Income needed for homebuying: $121,585

Median household income: $131,159

23. Virginia:

Income needed for homebuying:  $121,534

Median household income: $139,667

24. Tennessee: 

Income needed for homebuying: $120,855

Median household income: $99,689

25. Maryland: 

Income needed for homebuying: $117,505

Median household income: $151,138

26. North Carolina: 

Income needed for homebuying: $114,951

Median household income: $109,590

27. New Mexico:

Income needed for homebuying: $112,146

Median household income: $83,592

28. Minnesota: 

Income needed for homebuying: $109,627

Median household income: $141,903

29. Georgia: 

Income needed for homebuying: $109,354

Median household income: $112,675

30. Wisconsin

Income needed for homebuying: $109,196

Median household income: $122,571

31. South Dakota: 

Income needed for homebuying: $107,196

Median household income: $113,008

32. North Dakota: 

Income needed for homebuying: $104,550

Median household income: $122,543

33. Texas: 

Income needed for homebuying: $102,160

Median household income: $108,866

34. South Carolina: 

Income needed for homebuying: $101,426

Median household income: $102,244

35. Nebraska:

Income needed for homebuying: $99,836

Median household income: $121,455

36. Alabama:

Income needed for homebuying: $92,583

Median household income: $94,373

37. Kentucky:

Income needed for homebuying: $86,044

Median household income: $102,067

38. Pennsylvania:

Income needed for homebuying: $85,397

Median household income: $125,861

39. Oklahoma:

Income needed for homebuying: $84,892

Median household income: $91,528

40. Illinois: 

Income needed for homebuying: $83,440

Median household income: $125,022

41. Arkansas:

Income needed for homebuying: $83,440

Median household income: $90,146

42. Mississippi:

Income needed for homebuying: $83,426

Median household income: $84,767

43. Missouri: 

Income needed for homebuying: $83,167

Median household income: $105,914

44. Kansas: 

Income needed for homebuying: $80,662

Median household income: $111,192

45. Iowa: 

Income needed for homebuying: $80,562

Median household income: $120,308

46. Indiana:

Income needed for homebuying: $80,418

Median household income: $105,581

47. Louisiana

Income needed for homebuying: $79,138

Median household income: $97,149

48. Michigan

Income needed for homebuying: $76,361

Median household income: $161,149

49. Ohio

Income needed for homebuying: $74,663

Median household income: $113,435

50. West Virginia

Income needed for homebuying: $71,080

Median household income: $90,164