Purchasing a home is becoming even more expensive for consumers searching for housing as new data shows that having a significantly high household income is necessary to afford one.
In Bankrate’s 2025 Housing Affordability Study released data in their study that shows homebuyers in 30 states and Washington, D.C. need at least $100,000 in annual household income to afford a typical home in their area.
Bankrate’s study listed states that require both high and low annual incomes to buy a home.
Four states and Washington, D.C. require the most annual household income to buy a home. Here are the top five below.
* District of Columbia: $240,009
* Hawaii: $235,638
* California: $213,447
* Massachusetts: $174,392
* Colorado: $168,643
Click here to read the rest of the article written by Daniel Miller over at Fox 5 DC
