What is the minimum salary you need to buy a house in each US state in June 2024

Having a good income in the United States is not synonymous with earning well, much less thinking that it will be enough to buy a house. Needless to say, the federal minimum wage of $7.25 is not even enough to pay rent. If, despite all this reality check, you are one of the few who wants to become an owner, we will tell you How much you must earn, at least, in each state to buy a house in June 2024.

The financial portal GOBankingRates presented an analysis, which detailed the average house price in each US state and the minimum wage you need to afford a mortgagetaking into account a 20% down payment and the costs of the 30-year monthly mortgage, at an interest rate of 6.82%.

Here the data, with average housing costs ranging from low to high:

1. West Virginia

Average home value in 2024: $155,080 dollars
Minimum salary necessary to pay for a house without suffering: $32,418.39 dollars
Down payment (20%): $31,016.07 dollars
Monthly mortgage: $810.46 dollars

2. Mississippi

Average home value in 2024: $170,653 dollars
Minimum salary necessary to pay for a house without suffering: $35,673.80 dollars
Down payment (20%): $34,130.66 dollars
Monthly mortgage: $891.85 dollars

3. Louisiana

Average home value in 2024: $195,240 dollars
Minimum salary necessary to pay for a house without suffering: $40,813.45 dollars
Down payment (20%): $39,047.98 dollars
Monthly mortgage: $1,020.34 dollars

4.Kentucky

Average home value in 2024: $196,412 dollars
Minimum salary necessary to pay for a house without suffering: $41,058.48 dollars
Down payment (20%): $39,282.42 dollars
Monthly mortgage: $1,026.46 dollars

5.Arkansas

Average home value in 2024: $198,364 dollars
Minimum salary necessary to pay for a house without suffering: $41,466.52 dollars
Down payment (20%): $39,672.80 dollars
Monthly mortgage: $1,036.66 dollars

6. Oklahoma

Average home value in 2024: $200,153 dollars
Minimum salary necessary to pay for a house without suffering: $41,840.46 dollars
Down payment (20%): $40,030.57 dollars
Monthly mortgage: $1,046.01 dollars

7.Iowa

Average home value in 2024: $212,367 dollars
Minimum salary necessary to pay for a house without suffering: $44,393.74 dollars
Down payment (20%): $42,473.40 dollars
Monthly mortgage: $1,109.84 dollars

8.Kansas

Average home value in 2024: $217,817 dollars
Minimum salary necessary to pay for a house without suffering: $45,532.96 dollars
Down payment (20%): $43,563.35 dollars
Monthly mortgage: $1,138.32 dollars

9. Alabama

Average home value in 2024: $218,004 dollars
Minimum salary necessary to pay for a house without suffering: $45,572.06 dollars
Down payment (20%): $43,600.75 dollars
Monthly mortgage: $1,139.30 dollars

10. Ohio

Average home value in 2024: $218,535 dollars
Minimum salary necessary to pay for a house without suffering: $45,683.18 dollars
Down payment (20%): $43,707.07 dollars
Monthly mortgage: $1,142.08 dollars

11.Michigan

Average home value in 2024: $230,125 dollars
Minimum salary necessary to pay for a house without suffering: $48,105.95 dollars
Down payment (20%): $46,025.03 dollars
Monthly mortgage: $1,202.65 dollars

12.Indiana

Average home value in 2024: $231,278 dollars
Minimum salary necessary to pay for a house without suffering: $48,346.93 dollars
Down payment (20%): $46,255.59 dollars
Monthly mortgage: $1,208.67 dollars

13.Missouri

Average home value in 2024: $238,808 dollars
Minimum salary necessary to pay for a house without suffering: $49,920.98 dollars
Down payment (20%): $47,761.55 dollars
Monthly mortgage: $1,248.02 dollars

14. Nebraska

Average home value in 2024: $251,535 dollars
Minimum salary necessary to pay for a house without suffering: $52,581.41 dollars
Down payment (20%): $50,306.90 dollars
Monthly mortgage: $1,314.54 dollars

15. North Dakota

Average home value in 2024: $252,382 dollars
Minimum salary necessary to pay for a house without suffering: $52,758.47 dollars
Down payment (20%): $50,476.30 dollars
Monthly mortgage: $1,318.96 dollars

16. Illinois

Average home value in 2024: $254,709 dollars
Minimum salary necessary to pay for a house without suffering: $53,244.93 dollars
Down payment (20%): $50,941.71 dollars
Monthly mortgage: $1,331.12 dollars

17. Pennsylvania

Average home value in 2024: $256,401 dollars
Minimum salary necessary to pay for a house without suffering: $53,598.80 dollars
Down payment (20%): $51,280.28 dollars
Monthly mortgage: $1,339.97 dollars

18.Wisconsin

Average home value in 2024: $288,799 dollars
Minimum salary necessary to pay for a house without suffering: $60,371.25 dollars
Down payment (20%): $57,759.78 dollars
Monthly mortgage: $1,509.28 dollars

19. South Carolina

Average home value in 2024: $288,972 dollars
Minimum salary necessary to pay for a house without suffering: $60,407.34 dollars
Down payment (20%): $57,794.31 dollars
Monthly mortgage: $1,510.18 dollars

20. South Dakota

Average home value in 2024: $310,011 dollars
Minimum salary necessary to pay for a house without suffering: $64,805.53 dollars
Down payment (20%): $62,002.24 dollars
Monthly mortgage: $1,620.14 dollars

21. New Mexico

Average home value in 2024: $293,497 dollars
Minimum salary necessary to pay for a house without suffering: $61,353.28 dollars
Down payment (20%): $58,699.33 dollars
Monthly mortgage: $1,533.83 dollars

22.Texas

Average home value in 2024: $299,337 dollars
Minimum salary necessary to pay for a house without suffering: $62,574.09 dollars
Down payment (20%): $59,867.32 dollars
Monthly mortgage: $1,564.35 dollars

23. Tennessee

24. Georgia

Average home value in 2024: $323,033 dollars
Minimum salary necessary to pay for a house without suffering: $67,527.68 dollars
Down payment (20%): $64,606.64 dollars
Monthly mortgage: $1,688.19 dollars

25. North Carolina

Average home value in 2024: $323,913 dollars
Minimum salary necessary to pay for a house without suffering: $67,711.68 dollars
Down payment (20%): $64,782.67 dollars
Monthly mortgage: $1,692.79 dollars

26. Minnesota

Average home value in 2024: $328,582 dollars
Minimum salary necessary to pay for a house without suffering: $68,687.63 dollars
Down payment (20%): $65,716.41 dollars
Monthly mortgage: $1,717.19 dollars

27.Wyoming

Average home value in 2024: $333,617 dollars
Minimum salary necessary to pay for a house without suffering: $69,740.18 dollars
Down payment (20%): $66,723.43 dollars
Monthly mortgage: $1,743.50 dollars

28. Alaska

Average home value in 2024: $362,178 dollars
Minimum salary necessary to pay for a house without suffering: $75,710.51 dollars
Down payment (20%): $72,435.50 dollars
Monthly mortgage: $1,892.76 dollars

29. Delaware

Average home value in 2024: $371,809 dollars
Minimum salary necessary to pay for a house without suffering: $77,723.87 dollars
Down payment (20%): $74,361.77 dollars
Monthly mortgage: $1,943.10 dollars

30. Vermont

Average home value in 2024: $376,350 dollars
Minimum salary necessary to pay for a house without suffering: $78,673.06 dollars
Down payment (20%): $75,269.90 dollars
Monthly mortgage: $1,966.83 dollars

31. Maine

Average home value in 2024: $378,605 dollars
Minimum salary necessary to pay for a house without suffering: $79,144.66 dollars
Down payment (20%): $75,721.10 dollars
Monthly mortgage: $1,978.62 dollars

32. Virginia

Average home value in 2024: $382,770 dollars
Minimum salary necessary to pay for a house without suffering: $80,015.16 dollars
Down payment (20%): $76,553.94 dollars
Monthly mortgage: $2,000.38 dollars

33. Connecticut

Average home value in 2024: $408,726 dollars
Minimum salary necessary to pay for a house without suffering: $85,441.04 dollars
Down payment (20%): $81,745.12 dollars
Monthly mortgage: $2,136.03 dollars

34.Florida

Average home value in 2024: $409,179 dollars
Minimum salary necessary to pay for a house without suffering: $85,535.76 dollars
Down payment (20%): $81,835.74 dollars
Monthly mortgage: $2,138.39 dollars

35. Maryland

Average home value in 2024: $417,676 dollars
Minimum salary necessary to pay for a house without suffering: $87,312.13 dollars
Initial payment ( twenty%): $83,535.27 dollars
Monthly mortgage: $2,182.80 dollars

36. New York

Average home value in 2024: $427,542 dollars
Minimum salary necessary to pay for a house without suffering: $89,374.53 dollars
Down payment (20%): $85,508.46 dollars
Monthly mortgage: $2,234.36 dollars

37. Arizona

Average home value in 2024: $436,020 dollars
Minimum salary necessary to pay for a house without suffering: $91,146.77 dollars
Down payment (20%): $87,204.04 dollars
Monthly mortgage: $2,278.67 dollars

38. Snowfall

Average home value in 2024: $441,049 dollars
Minimum salary necessary to pay for a house without suffering: $92,198.02 dollars
Down payment (20%): $88,209.81 dollars
Monthly mortgage: $2,304.95 dollars

39.Idaho

Average home value in 2024: $443,343 dollars
Minimum salary necessary to pay for a house without suffering: $92,677.51 dollars
Down payment (20%): $88,668.56 dollars
Monthly mortgage: $2,316.94 dollars

40. Rhode Island

Average home value in 2024: $448,030 dollars
Minimum salary necessary to pay for a house without suffering: $93,657.29 dollars
Down payment (20%): $89,605.95 dollars
Monthly mortgage: $2,341.43 dollars

41. Montana

Average home value in 2024: $449,576 dollars
Minimum salary necessary to pay for a house without suffering: $93,980.47 dollars
Down payment (20%): $89,915.15 dollars
Monthly mortgage: $2,349.51 dollars

42. New Hampshire

Average home value in 2024: $474,549 dollars
Minimum salary necessary to pay for a house without suffering: $99,201.00 dollars
Down payment (20%): $94,909.87 dollars
Monthly mortgage: $2,480.03 dollars

43. Oregon

Average home value in 2024: $494,672 dollars
Minimum salary necessary to pay for a house without suffering: $103,407.45 dollars
Down payment (20%): $98,934.35 dollars
Monthly mortgage: $2,585.19 dollars

44. New Jersey

Average home value in 2024: $518,053 dollars
Minimum salary necessary to pay for a house without suffering: $108,295.12 dollars
Down payment (20%): $103,610.60 dollars
Monthly mortgage: $2,707.38 dollars

45. Utah

Average home value in 2024: $519,376 dollars
Minimum salary necessary to pay for a house without suffering: $108,571.61 dollars
Down payment (20%): $103,875.13 Dollars
Monthly mortgage: $2,714.29 dollars

46. Colorado

Average home value in 2024: $550,945 dollars
Minimum salary necessary to pay for a house without suffering: $115,170.84 dollars
Down payment (20%): $110,188.90 dollars
Monthly mortgage: $2,879.27 dollars

47.Washington

Average home value in 2024: $589,240 dollars
Minimum salary necessary to pay for a house without suffering: $123,176.22 dollars
Down payment (20%): $117,847.99 dollars
Monthly mortgage: $3,079.41 dollars

48.Massachusetts

Average home value in 2024: $615,963 dollars
Minimum salary necessary to pay for a house without suffering: $128,762.39 dollars
Down payment (20%): $123,192.52 dollars
Monthly mortgage: $3,219.06 dollars

49. District of Columbian (DC)

Average home value in 2024: $718,017 dollars
Minimum salary necessary to pay for a house without suffering: $150,096.08 dollars
Down payment (20%): $143,603.38 dollars
Monthly mortgage: $3,752.40 dollars

50.California

Average home value in 2024: $785,333 dollars
Minimum salary necessary to pay for a house without suffering: $164,168.07 dollars
Down payment (20%): $157,066.65 dollars
Monthly mortgage: $4,104.20 dollars

51. Hawaii

Average home value in 2024: $967,270 dollars
Minimum salary necessary to pay for a house without suffering: $202,200.59 dollars
Down payment (20%): $193,454.00 dollars
Monthly mortgage: $5,055.01 dollars