New York CNN —Buying an affordable home in the United States has gotten a lot harder for many people since 2020.
A new analysis from Bankrate.com finds that in 22 states and Washington, DC, buyers need a six-figure household income to comfortably afford a typical median-priced home.
That’s a lot more than in January 2020, when Bankrate found buyers needed a six-figure income in just six states and the District of Columbia.
For instance, Bankrate found that the income needed to buy a median-priced home rose the least in North Dakota (up 9.2%); Illinois (up 27.2%); and Kansas (up 29.3%).
The complete Bankrate analysis can be found here.
Persons:
Bankrate, ”, Jeff Ostrowski, –, Redfin –, homebuyers, ” Ostrowski
Organizations:
New, New York CNN, District of Columbia, “, United States –, of Columbia, Washington State
Locations:
New York, United States, Washington, DC, West, California, Hawaii, Massachusetts, Arizona, Colorado, Connecticut, Florida, Idaho, Maine, Maryland, Montana, Nevada, New Hampshire, New Jersey, Oregon, Rhode, Texas, Utah, Vermont, Virginia, South, Midwest, Mississippi, Ohio, Arkansas, Indiana, Kentucky, Tennessee, South Carolina, North Dakota, Illinois, Kansas