The "salary gap" has widened significantly, as the current median U.S. household income of ~$80,600 is roughly than what is recommended for a median-priced home.
Salaries needed vary drastically based on local real estate markets and property tax rates. How Much You Need To Earn in Every State To Buy a Home salary requirements to buy a house
New York. Median home list price in July: $671,500. Median income: $85,657. Minimum income to afford median-priced home: $176,994. Realtor.com The "salary gap" has widened significantly, as the
: A median home now requires a monthly payment of approximately $9,500 before taxes (including mortgage, taxes, and insurance) to stay within the recommended "30% rule". How Much You Need To Earn in Every
: Homebuyers need to earn at least $100,000 annually to afford a median-priced home in 22 states and Washington, D.C.. Income Requirements by Region
To afford the national median-priced home of , the typical U.S. household now needs an annual income of approximately $114,000 . This requirement has surged by roughly 70% since 2019 , when a salary of $67,000 was often sufficient. National Affordability Benchmarks (2025–2026)
: Estimates for the income needed to afford a typical home range from $114,000 to $124,817 .
The "salary gap" has widened significantly, as the current median U.S. household income of ~$80,600 is roughly than what is recommended for a median-priced home.
Salaries needed vary drastically based on local real estate markets and property tax rates. How Much You Need To Earn in Every State To Buy a Home
New York. Median home list price in July: $671,500. Median income: $85,657. Minimum income to afford median-priced home: $176,994. Realtor.com
: A median home now requires a monthly payment of approximately $9,500 before taxes (including mortgage, taxes, and insurance) to stay within the recommended "30% rule".
: Homebuyers need to earn at least $100,000 annually to afford a median-priced home in 22 states and Washington, D.C.. Income Requirements by Region
To afford the national median-priced home of , the typical U.S. household now needs an annual income of approximately $114,000 . This requirement has surged by roughly 70% since 2019 , when a salary of $67,000 was often sufficient. National Affordability Benchmarks (2025–2026)
: Estimates for the income needed to afford a typical home range from $114,000 to $124,817 .
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