What Salary You Need To Buy A House in Every State

Рет қаралды 129,869

Күн бұрын

Did you know that in order to afford a median-priced home in the United States, on average an American needs to earn close to $100,000 a year? However, there are some states where you can buy a home on a salary over 40% less than that. Today on Across the Globe, were going to be looking at the salary you need to afford the average home in every state
As a quick reminder, our numbers are based on each state as a whole. Naturally every state is going to have varying salaries needed depending on where you look, but the following numbers will help to get a holistic look at every state.
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00:00 Intro
00:40 Hawaii
1:25 California
1:57 Massachusetts
2:29 Washington
3:16 New Jersey
4:01 New Hampshire
4:53 Oregon
5:23 Colorado
6:03 Utah
6:40 Rhode Island
7:19 Alaska
7:47 Connecticut
8:18 New York
9:07 Nevada
9:38 Idaho
10:06 Vermont
10:32 Montana
11:08 Maryland
11:32 Arizona
12:12 Florida
12:38 Maine
13:04 Virginia
13:30 Delaware
14:18 Minnesota
14:56 Texas
15:25 North Carolina
16:09 Wisconsin
16:44 Wyoming
17:20 Georgia
17:47 South Dakota
18:50 Illinois
18:58 Pennsylvania
19:32 New Mexico
20:01 Nebraska
20:44 North Dakota
21:10 South Carolina
21:48 Tennessee
22:30 Ohio
23:11 Michigan
23:50 Kansas
24:15 Iowa
24:54 Missouri
25:19 Indiana
25:49 Kentucky
26:29 Alabama
26:55 Oklahoma
27:31 Louisiana
28:15 West Virginia
28:48 Arkansas
29:28 Mississipi
While we do our best to provide you with the most accurate information. These are after all just our take based on data we analyzed. You should make your own decisions based on your own experiences by visiting the places we talk about!
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#salary #homeownership #realestate #acrosstheglobe

Пікірлер: 220

@jonmaclin8344 Ай бұрын

I live in GA and noticed when the prices went up. Most homes are about the started price. To be safe i would add an extra 25 to 50k to cost of house just to be safe, but it's pretty spot on. I also noticed they put in the annual mortgage payment. Which is far less than the salary required. Which tells me they are giving you numbers for the cost of living. Not just for the house.

@sumanghosh-pb3dw 2 ай бұрын

0:00 - median is close 2 $100,000 yr. 6:03 - #42 - Utah 6:25 - in 2023 the ave. cost of a home in Utah was $515,621. 13:07 - Virginia's cost of livin is the same as the national avg. 13:20 - ave. home value is $90,084. 26:30 - #6 - Alabama Mississippi: 29:30 - #1 - Mississippi 29:43 - renowned 4 it's lowr cost of livin compared 2 othr states. 30:02 - ave. home value in 2023 was $160,346 n salary needed is $59,413 yr.

@LWRC Ай бұрын

@1:55 If you live in Kalifornia and only make $148,908.00 and you want to buy a house - good luck. You'll need a down payment of over $500,000.00 so you'll qualify with that measly income as the lenders won't even talk to you if the mortgage payment exceed 1/2 of your monthly gross!!! 😂😂😂

@nobodycaresaboutyourfeelings 2 ай бұрын

Moved to husband town in Mexico. Built our dream home. 7beds, 3 bath, 2 story for under $85,000. Kids are much happier here than when we lived in the US.

@Jmxd21 2 ай бұрын

Rub it in why don’t ya 😂

@shasmi93 2 ай бұрын

Yaaaaa…. But you live in Mexico. Good luck with that.

@nobodycaresaboutyourfeelings 2 ай бұрын

@@shasmi93 yea well, the US is no much better right now.

@monicaandrade4049 2 ай бұрын

@@shasmi93My nephew Just came back from Mexico. He said the food is so good. He was there for 1 month. He's definitely going back next year

@oscarrlee18 2 ай бұрын

@@monicaandrade4049why not just stay

@hanojo6098 15 күн бұрын

Great content

@discoverglobeliving 2 ай бұрын

Makes me think about retirement planning and how it fits with home buying.

@Aggie4life77 Ай бұрын

With all those salaries, you will need to be close to debt free which most people aren’t. With that said, add another 30k to those salaries at least! People still want cars which are ridiculously priced right now. They want to save, travel a little,etc. can you get by on the listed salaries? Yes, but it will be tight!

@theraptureisnearbelieveinj448 2 ай бұрын

Thank you for your hard work! I appreciate the info! 👍

@daleford62 2 ай бұрын

Probably around 10 million a year salary would do it for a standard home in each state. Upkeep and mowing all those lawns, heat/AC big bucks.

@Nonsensically 2 ай бұрын

Should do a video on property tax.

@HN-db5cn Ай бұрын

It’s difficult because depends on what city you live in.

@JBR7655 2 ай бұрын

I figure the cost in most of these states is 2 to 3 times what is quoted for anything you would want to live in.

@OffBelay_ 2 ай бұрын

I am Good living out my car.

@rumblcat 2 ай бұрын

Not sure where these numbers are from but you have to take into account that most of the inventory is very low in most of these states

@KB-nz5tb 2 ай бұрын

These numbers are off. It takes waaaay more annually to buy in these states.

@nrtwiztid4 2 ай бұрын

When he said Illinois I damn near fell out of my seat

@Fredflinstone23 2 ай бұрын

Agree, here in CA you’ll need atleast 200k to afford house and live comfortably

@IRLSuperb 2 ай бұрын

In the very beginning of the video, he said that these numbers are as a whole and that each state has different areas inside of them that require more or less. It’s in the very beginning of the video within 30 seconds.

@chrisaycock5965 2 ай бұрын

these are averages most people live in metros so it'll skew a bit.

@wizywig Ай бұрын

100k in new york? Rofl. Maybe if you're buying a shoebox apartment. I can't find anything under 700k here. And that's 1 bedroom.

@bradperez3649 Ай бұрын

Great video! Completely disagree with North Datkota... 250k is an entry level town home here.

@beesquestionmark Ай бұрын

I wish lists like this would look at Long Island separately from New York State, because on Long Island, most houses are over $500k and you need to make WAY more to live here.

@TorqueKMA Ай бұрын

Dont worry. The rest of New York wishes NYC and Long Island were a separate entity as well.

@msk3905 Ай бұрын

Great I live third most expensive state to live in, guess thats why my 3/1 1300 SF house would sell for $800k today…absolutely insane!

@curlAlldizzle05 Ай бұрын

Illinois has to be far south for those statements... away from even the neighboring suburbs close to the city. Like Bolingbrook, Naperville... past those areas 😂 ause oh boy $$$$

@lisamccoy6167 2 ай бұрын

The median house price in New York City is much higher than what he said. I didn't think Texas was that low

@maddiejohnson4688 2 ай бұрын

The problem with Texas is their property taxes or I would be there in a heartbeat.

@deebee4622 2 ай бұрын

The homes in Texas’ major cities, especially Austin, are higher and property taxes are outrageous.

@IRLSuperb 2 ай бұрын

@@maddiejohnson4688 when you’re taking into account but you don’t pay income tax in Texas I think I’m more than compensates for the property taxes because I looked around and they’re very comparable to what they charge me on my home in the northeast

@Simba365 Ай бұрын

Probably included all of NY state

@jimrizzy Ай бұрын

But he's going by all of New York which is including the upstate portion of New York.

@patriciayohn6136 2 ай бұрын

What is considered the average home? Is it three bedroom 11/2 bath and a two car garage and fifty years old?

@chris-cu9oy Ай бұрын

I know a bunch of people that make way less than 117k that have homes in NJ. I do agree that home prices here are expensive tho.

@Hbd2002 Ай бұрын

Instead of averaging for the entire state, it would be more helpful to maybe say the highest place in the county and the lowest place in the county. For instance, you can have an example of Seattle and I don’t remember if you mentioned Bellingham, but the counties that those are in are more expensive than say, Clallam county

@erinmalone2669 Ай бұрын

For sure. My coastal county is crazy high, but very undesirable areas are “affordable”

@alphaj9 Ай бұрын

MN - 14:20 for anyone from here

@jamaicanbobsledder1569 Ай бұрын

These home prices to mortgage payments do not reflect current interest rates

@bfula9900 2 ай бұрын

Nobody buys a home in a state. They buy a home in a town in that state. These numbers are skewed based on the fact that someone living in Illinois in just about any area will pay a lot less for a home than someone in the Chicago area

@erinmalone2669 Ай бұрын

I live on the central coast of California and my 3 bed, 2.5 bath home on a very small lot is worth $620,000. It’s insane. In my county has “affordable housing” starting at $740,000 to $1.2 million.

@KALICOE Ай бұрын

That's a 6bd 4br 4cg on .6 acres in Nebraska

@erinmalone2669 Ай бұрын

@@KALICOE I lived in Eastern Montana and, with respect, no winter… even in a massive house, is worth it!😬

@DryBonesandSilver Ай бұрын

While I appreciate the data, these numbers cannot be right. First off for these salaries, you need to subtract income taxes, medical/dental/vision, and (hopefully) retirement for the take home pay THEN add in the cost of homeowners insurance, property taxes, utilities, and inevitable repairs THEN not to mention the costs of actually buying the house: down payment, closing costs, and now potentially realtor commissions God forbid you have kids, family members that need taking care of, student loan debt, a car note, or cc debt! You have to have both a substantial amount of money saved up AND a much higher annual take home than this video says to comfortably buy and own a house

@whitney9844 2 ай бұрын

What would've been better is know how much to save. These average salaries are nuts buts probably assuming a lot about a person's lifestyle.

@IsaiahxDaVinci Ай бұрын

S/o to the Grandfathers that made 40k-50k a Year and we’re able to buy a home and take care of a family of 4 y’all had it easy

@dondonavan Ай бұрын

Please Help me find that home you mentioned that cost $396,058 in New York City???

@banditkeithkingofduelmonsters Ай бұрын

How many houses are there in new york city? I imagine most would be outside the city as it's mostly big buildings and apartments.

@MrMajun1 Ай бұрын

This ranking is not reliable, Different mortgage rate for each state?

@luckycharm1030 2 ай бұрын

Does anyone can tell me? What kind of job to buying the house with high interest rate and very expensive houses.., it’s insane time!

@parkerbohnn Ай бұрын

I live in Canada a salary of $250,000 a year is needed to buy an apartment in half of Canada by population.

@saradoyel7490 Ай бұрын

Way way off in California the average mortgage would be $5,692 which means you’d need $273,000 a year. You’re about $120k off

@jimrizzy Ай бұрын

That's way off... especially if living inland. Outside of the bay area, LA county and San Diego County houses are more or so in the 400k-600k range... a bit less if you look way inland towards Victorville/Barstow

@oscarrlee18 2 ай бұрын

Keep renting everyone

@rentslave Ай бұрын

I've been doing it for 56 years. I'm rooting for the vaccine to start doing its intended job.

@m_rod9562 2 ай бұрын

Bruh, for Arizona a $2304.00 mortgage is 31% of your monthly income BEFORE taxes. AFTER taxes it would be like 50% not including bills and other expenses. It would be highly irresponsible to take our a mortgage that takes up that much of your income. You’re about one emergency away from going straight into debt. Wtf are these numbers.

@oscarrlee18 2 ай бұрын

Bruh? What is that? Sounds really dumb.

@kathikapp6707 Ай бұрын

It's nice not to hear a robot voice and same words used to describe things over and over! :)

@kenfox22 Ай бұрын

I wouldn't live in any state above the Mason Dixon line. Too cold and too much snow

@jkbc 2 ай бұрын

I have to say that the average is too general, I lived in the most expensive County in CA at some point and now in a more affordable county. you can still find houses in the mid of $400K in part of CA.

@TradGuyTravels 2 ай бұрын

$400k in which part of CA?

@jkbc 2 ай бұрын

@@TradGuyTravels Northern

@memphis-uy9sy Ай бұрын

I'm a amazon delivery driver why don't I make enough to buy a home at the type of job I have in Tennessee

@FlawlessCFO Ай бұрын

If you are near memphis you Def don't need $70k to buy a home.

@rickwinslow7822 Ай бұрын

You don’t need to make 70’000 to get a 200’000 home, 50’000 will get you a 200’000 home.

@RK-bx1by 2 ай бұрын

It seems that a couple of college-educated adults making a decent income (dependant on state) can pretty much afford to buy in every state, and that's with today's interest rates. Here in Australia, you'd struggle to buy a freestanding home at the same household income percentile.

@basilgeorge9957 2 ай бұрын

It's because Australia doesn't have cash reserves to build more and need for it is increasing since your government is inviting more immigration

@RK-bx1by 2 ай бұрын

@@basilgeorge9957 yes that’s true

@basilgeorge9957 2 ай бұрын

@@RK-bx1by America has the freedom to print as much as they want and keep inflating the currencies. life in general is way too easier in usa hence you see people getting addicted to drugs, alcohol etc

@christopherbrooks6355 2 ай бұрын

Most college educated kids in the u.s. don't go into there filed of study. The average wage isn't his country is 40 grand a year. Moat kids won't even dream of buying a home. They are loaded with student loan debt and no credit. The amount of people who make over a 100 grand is less than 10%

@basilgeorge9957 2 ай бұрын

@@christopherbrooks6355 that's sad indeed

@luisa_4120 2 ай бұрын

Stopped watching when he said the average price in ny is less than 400k 😑 this is when median price should be used, not average, skrews with the data

@jenniferm634 Ай бұрын

What about USVI

@kylep3759 Ай бұрын

I'm just gonna live in a van until I'm 60, when I retire I'll couch surf

@nuwanda9264 Ай бұрын

$102,800/12 is $8566 a month. After tax it is $6150 a month. A healthy affordable mortgage is around 25% of your gross income. $2400 is 39% of $6150 and would not be a secure financial purchase. Therefore the whole premise of this is BS

@ci7210 Ай бұрын

Why my retirement plans involves the house I inherited from my grandmother in Philippines Rent is BS 2020- 1380 per month - 2 bedroom, 1 bath that big backyard, good neighborhood 2024- that same one. 2380.

@danga007 Ай бұрын

Bad Research. All state prices are deflated, are you living in 2019 era ? Target major cities within states where most of the people live and then take average. Also only focus on Single family homes.

@RNS360Jay Ай бұрын

Thank you Generation X and Y

@kashfortheking 2 ай бұрын

“Before or after taxes?”

@IRLSuperb 2 ай бұрын

Before taxes is the most common income statistic that is used

@Capnobvious Ай бұрын

I don’t like these stories because if you aren’t a remote worker or something of the sort that u do not physically need to go to work what does it matter? Yea I can move to town X where homes start at 100k but guess what that’s because the average wage is low or there are no high paying jobs in the area. So what good is it?

@Shivtripathi123 2 ай бұрын

you are great Dear sir, i am an video editor so i can edit your videos

@vanessapebley1374 Ай бұрын

People who have worked their entire life, can't afford to live unless their homes are fully paid for. Bidum should be ashamed, handed money to illegals instead Americas

@darkbrownblm2854 Ай бұрын

I know this list is according to States, but I can guarantee New York City has the most expensive housing price in the world. If you don't earn $300,000 annually don't bother filling out a application.

@nrtwiztid4 2 ай бұрын

Were in Illinois are homes that cheap because you not talking about the Chicagoland area

@e-man5654 2 ай бұрын

Chicagoland area is probably the most expensive area in the state. So of course the average would be cheaper than that.

@amh31 2 ай бұрын

Average home value is $239,065 according to the video. On zillow right now Illinois has almost 8,000 home for sale under 230k. You have to be trying real hard if you can't find one.

@avisurjya7441 2 ай бұрын

Hii ❤❤

@speedypeng456 Ай бұрын

i live in chicago and i look at the stats forhouses in illinois in this vid. where the fuck is that cheap thats not in the hood? bullshit. this video is capped

@JKJ2800 Ай бұрын

Not sure where the data is coming from, but waaaay off. Firstly you can’t use average anything. You need to use median. If you did use median but stated as average, still makes the credibility of this worthless.

@TimothySmith-gb4ww 2 ай бұрын

Most expensive homes are in blue states.

@fatbubble123 2 ай бұрын

the most money is in the blue states

@Nightshade-dh9fm 2 ай бұрын

Blue states enact policies that make homebuilding extremely expensive. There is so much red tape, and those costs are passed on to you. Red states in general are much better for homebuyers and imo have a much higher quality of life. This is why people and money are flooding out of Blue states and into red states.

@HeyItsAvi90 2 ай бұрын

@@Nightshade-dh9fm 1. Blue state IS where the money is. Cost of living is higher but wages are higher. 2. Red states are general much better for people who prefer a quiet, country lifestyle. Blue state if you prefer culture/activities. Thats why concerts, variety of restaurants etc are found in blue states more. 3. No one is flooding red states from blue, those moving are either republicans already or the poorer demographics or richer but wants to get more out of their money but get less of the luxury of living in blue states.

@mr_num_numz 2 ай бұрын

@@HeyItsAvi90 To your 3rd point, you start by saying "no one is flooding red states from blue", but then give 3 examples of groups that are flooding red states from blue. 🤔

@HeyItsAvi90 2 ай бұрын

@@mr_num_numz reading comprehension is hard huh. Here let me simplify by breaking it down: Not many people leave, only leave few.... 0.2% of the population to be exact.

@user-xu2ki5zo9d 2 ай бұрын

Buying a house, not a home.

@jimmycain8669 2 ай бұрын

Don’t come to Mississippi because we are doing fine without you.

@IRLSuperb 2 ай бұрын

OK I’ll take my business elsewhere then since you don’t need it. I’ll look for employees in another state.

@tamaradavis Ай бұрын

I just laughed your comment! It was totally appropriate ❤

@edwardseals3926 Ай бұрын

These salaries are way off im not even from New York and I know you need way more than a 100,000 to buy a home this video is a joke 😂😂😂

@sewerdawgs Ай бұрын

Noone is holding a gun to homeowners head to sell high. Greed ia the reason.

@MrSkyline420 Ай бұрын

I would love to where in LA (Louisiana for the idiots that will think I’m referring to Los Angeles) you only need to make 63,119 a year to be able to purchase and afford a home!!!! Also Arkansas is not apart of the south. I don’t care what line(s) anyone will refer to or anything anyone will say about it. Arkansas is either the mid-west or west but definitely not the south!!!

@rodneyboyd515 2 ай бұрын

Do he mean me and wife need 106000 a piece

@mr_num_numz 2 ай бұрын

No, I believe it is household income. So, the numbers given are total income from both.