As the overall cost of living becomes more and more pricey and wages do not keep up with skyrocketing home prices, many would-be buyers may feel frustrated at having their homeownership dreams sidelined. However, there is some good news — even if your income is under $100,000 annually, there are 42 states where you can buy a home.

Discover More: 8 States To Move to If You Don’t Want To Pay Taxes on Social Security
Try This: Owe Money to the IRS? Most People Don’t Realize They Should Do This One Thing

How did we find that out? GOBankingRates found each state’s average 2024 home value and average monthly mortgage with the assumption that buyers would choose a 30-year fixed rate mortgage and make a 20% down payment with a 6.82% interest rate. From there, assuming housing costs could not exceed 30% of gross income, GOBankingRates found the minimum salary needed to comfortably afford a home in each state.

Ranked in order of states where you’d need the highest to lowest salaries to afford a home, this is the minimum salary you need to earn to buy a home in 2024.

51. Hawaii

• 2024 average home value: $967,270

• 20% down payment: $193,454.00

• Loan amount: $773,816.01

• Monthly mortgage: $5,055.01

• Annual mortgage: $60,660.18

• Minimum salary needed to comfortably afford a home: $202,200.59

See More: 8 Places Where Houses Are Suddenly Major Bargains
Read Next: 5 Types of Homes That Will Plummet in Value in 2024

Wealthy people know the best money secrets. Learn how to copy them.

50. California

• 2024 average home value: $785,333

• 20% down payment: $157,066.65

• Loan amount: $628,266.60

• Monthly mortgage: $4,104.20

• Annual mortgage: $49,250.42

• Minimum salary needed to comfortably afford a home: $164,168.07

Check Out: The Best Place To Live on a $100,000 Salary in Every State

49. District of Columbia (DC)

• 2024 average home value: $718,017

• 20% down payment: $143,603.38

• Loan amount: $574,413.51

• Monthly mortgage: $3,752.40

• Annual mortgage: $45,028.82

• Minimum salary needed to comfortably afford a home: $150,096.08

48. Massachusetts

• 2024 average home value: $615,963

• 20% down payment: $123,192.52

• Loan amount: $492,770.08

• Monthly mortgage: $3,219.06

• Annual mortgage: $38,628.72

• Minimum salary needed to comfortably afford a home: $128,762.39

Be Aware: I’m a Real Estate Agent: These 5 Cities Are Becoming Unaffordable

47. Washington

• 2024 average home value: $589,240

• 20% down payment: $117,847.99

• Loan amount: $471,391.97

• Monthly mortgage: $3,079.41

• Annual mortgage: $36,952.87

• Minimum salary needed to comfortably afford a home: $123,176.22

46. Colorado

• 2024 average home value: $550,945

• 20% down payment: $110,188.90

• Loan amount: $440,755.61

• Monthly mortgage: $2,879.27

• Annual mortgage: $34,551.25

• Minimum salary needed to comfortably afford a home: $115,170.84

Story continues

That’s Interesting: ​ChatGPT Unveils: 5 Worst Cities To Buy a House in 2024

45. Utah

• 2024 average home value: $519,376

• 20% down payment: $103,875.13

• Loan amount: $415,500.51

• Monthly mortgage: $2,714.29

• Annual mortgage: $32,571.48

• Minimum salary needed to comfortably afford a home: $108,571.61

44. New Jersey

• 2024 average home value: $518,053

• 20% down payment: $103,610.60

• Loan amount: $414,442.38

• Monthly mortgage: $2,707.38

• Annual mortgage: $32,488.53

• Minimum salary needed to comfortably afford a home: $108,295.12

Trending Now: Barbara Corcoran Says, ‘Forget About Florida,’ Move Here for Cheap Homes

43. Oregon

• 2024 average home value: $494,672

• 20% down payment: $98,934.35

• Loan amount: $395,737.41

• Monthly mortgage: $2,585.19

• Annual mortgage: $31,022.23

• Minimum salary needed to comfortably afford a home: $103,407.45

42. New Hampshire

• 2024 average home value: $474,549

• 20% down payment: $94,909.87

• Loan amount: $379,639.47

• Monthly mortgage: $2,480.03

• Annual mortgage: $29,760.30

• Minimum salary needed to comfortably afford a home: $99,201.00

Explore More: In Less Than a Decade, You Won’t Be Able To Afford Homes in These ZIP Codes

41. Montana

• 2024 average home value: $449,576

• 20% down payment: $89,915.15

• Loan amount: $359,660.62

• Monthly mortgage: $2,349.51

• Annual mortgage: $28,194.14

• Minimum salary needed to comfortably afford a home: $93,980.47

40. Rhode Island

• 2024 average home value: $448,030

• 20% down payment: $89,605.95

• Loan amount: $358,423.82

• Monthly mortgage: $2,341.43

• Annual mortgage: $28,097.19

• Minimum salary needed to comfortably afford a home: $93,657.29

For You: 401(k) Growth Potential: Ways to Double Your Savings in 10 Years

39. Idaho

• 2024 average home value: $443,343

• 20% down payment: $88,668.56

• Loan amount: $354,674.23

• Monthly mortgage: $2,316.94

• Annual mortgage: $27,803.25

• Minimum salary needed to comfortably afford a home: $92,677.51

38. Nevada

• 2024 average home value: $441,049

• 20% down payment: $88,209.81

• Loan amount: $352,839.23

• Monthly mortgage: $2,304.95

• Annual mortgage: $27,659.40

• Minimum salary needed to comfortably afford a home: $92,198.02

Read More: If You Bought $1K of Elon Musk’s Favorite Crypto 5 Years Ago, Here’s How Much You Would Have Now

37. Arizona

• 2024 average home value: $436,020

• 20% down payment: $87,204.04

• Loan amount: $348,816.14

• Monthly mortgage: $2,278.67

• Annual mortgage: $27,344.03

• Minimum salary needed to comfortably afford a home: $91,146.77

36. New York

• 2024 average home value: $427,542

• 20% down payment: $85,508.46

• Loan amount: $342,033.83

• Monthly mortgage: $2,234.36

• Annual mortgage: $26,812.36

• Minimum salary needed to comfortably afford a home: $89,374.53

Discover Next: 13 Cheap Cryptocurrencies With the Highest Potential Upside for You

35. Maryland

• 2024 average home value: $417,676

• 20% down payment: $83,535.27

• Loan amount: $334,141.09

• Monthly mortgage: $2,182.80

• Annual mortgage: $26,193.64

• Minimum salary needed to comfortably afford a home: $87,312.13

34. Florida

• 2024 average home value: $409,179

• 20% down payment: $81,835.74

• Loan amount: $327,342.96

• Monthly mortgage: $2,138.39

• Annual mortgage: $25,660.73

• Minimum salary needed to comfortably afford a home: $85,535.76

That’s Interesting: I’m a Self-Made Millionaire: 5 Stocks You Shouldn’t Sell

33. Connecticut

• 2024 average home value: $408,726

• 20% down payment: $81,745.12

• Loan amount: $326,980.48

• Monthly mortgage: $2,136.03

• Annual mortgage: $25,632.31

• Minimum salary needed to comfortably afford a home: $85,441.04

32. Virginia

• 2024 average home value: $382,770

• 20% down payment: $76,553.94

• Loan amount: $306,215.77

• Monthly mortgage: $2,000.38

• Annual mortgage: $24,004.55

• Minimum salary needed to comfortably afford a home: $80,015.16

Explore Next: 10 Valuable Stocks That Could Be the Next Apple or Amazon

31. Maine

• 2024 average home value: $378,605

• 20% down payment: $75,721.10

• Loan amount: $302,884.39

• Monthly mortgage: $1,978.62

• Annual mortgage: $23,743.40

• Minimum salary needed to comfortably afford a home: $79,144.66

30. Vermont

• 2024 average home value: $376,350

• 20% down payment: $75,269.90

• Loan amount: $301,079.61

• Monthly mortgage: $1,966.83

• Annual mortgage: $23,601.92

• Minimum salary needed to comfortably afford a home: $78,673.06

Find Out: How Can You Withdraw Money From a Bank Account? 3 Ways To Know

29. Delaware

• 2024 average home value: $371,809

• 20% down payment: $74,361.77

• Loan amount: $297,447.07

• Monthly mortgage: $1,943.10

• Annual mortgage: $23,317.16

• Minimum salary needed to comfortably afford a home: $77,723.87

28. Alaska

• 2024 average home value: $362,178

• 20% down payment: $72,435.50

• Loan amount: $289,742.01

• Monthly mortgage: $1,892.76

• Annual mortgage: $22,713.15

• Minimum salary needed to comfortably afford a home: $75,710.51

Try This: Check Your $2 Bills — They Could Be Worth a Ton

27. Wyoming

• 2024 average home value: $333,617

• 20% down payment: $66,723.43

• Loan amount: $266,893.71

• Monthly mortgage: $1,743.50

• Annual mortgage: $20,922.05

• Minimum salary needed to comfortably afford a home: $69,740.18

26. Minnesota

• 2024 average home value: $328,582

• 20% down payment: $65,716.41

• Loan amount: $262,865.66

• Monthly mortgage: $1,717.19

• Annual mortgage: $20,606.29

• Minimum salary needed to comfortably afford a home: $68,687.63

Read Next: I’m a Bank Teller: 3 Times You Should Never Ask For $100 Bills at the Bank

25. North Carolina

• 2024 average home value: $323,913

• 20% down payment: $64,782.67

• Loan amount: $259,130.69

• Monthly mortgage: $1,692.79

• Annual mortgage: $20,313.50

• Minimum salary needed to comfortably afford a home: $67,711.68

24. Georgia

• 2024 average home value: $323,033

• 20% down payment: $64,606.64

• Loan amount: $258,426.54

• Monthly mortgage: $1,688.19

• Annual mortgage: $20,258.30

• Minimum salary needed to comfortably afford a home: $67,527.68

Learn More: 7 Things To Know If You Withdraw More Than $10,000 From Your Checking Account

23. Tennessee

• 2024 average home value: $310,011

• 20% down payment: $62,002.24

• Loan amount: $248,008.95

• Monthly mortgage: $1,620.14

• Annual mortgage: $19,441.66

• Minimum salary needed to comfortably afford a home: $64,805.53

22. Texas

• 2024 average home value: $299,337

• 20% down payment: $59,867.32

• Loan amount: $239,469.29

• Monthly mortgage: $1,564.35

• Annual mortgage: $18,772.23

• Minimum salary needed to comfortably afford a home: $62,574.09

For You: Warren Buffett’s Parenting Rule: The Key to Raising Money-Savvy Kids

21. New Mexico

• 2024 average home value: $293,497

• 20% down payment: $58,699.33

• Loan amount: $234,797.31

• Monthly mortgage: $1,533.83

• Annual mortgage: $18,405.99

• Minimum salary needed to comfortably afford a home: $61,353.28

20. South Dakota

• 2024 average home value: $310,011

• 20% down payment: $62,002.24

• Loan amount: $248,008.95

• Monthly mortgage: $1,620.14

• Annual mortgage: $19,441.66

• Minimum salary needed to comfortably afford a home: $64,805.53

Trending Now: Suze Orman: 3 Ways To Prepare for the Upcoming Financial Pandemic

19. South Carolina

• 2024 average home value: $288,972

• 20% down payment: $57,794.31

• Loan amount: $231,177.22

• Monthly mortgage: $1,510.18

• Annual mortgage: $18,122.20

• Minimum salary needed to comfortably afford a home: $60,407.34

18. Wisconsin

• 2024 average home value: $288,799

• 20% down payment: $57,759.78

• Loan amount: $231,039.10

• Monthly mortgage: $1,509.28

• Annual mortgage: $18,111.38

• Minimum salary needed to comfortably afford a home: $60,371.25

View More: 8 Rare Coins Worth Millions That Are Highly Coveted by Coin Collectors

17. Pennsylvania

• 2024 average home value: $256,401

• 20% down payment: $51,280.28

• Loan amount: $205,121.11

• Monthly mortgage: $1,339.97

• Annual mortgage: $16,079.64

• Minimum salary needed to comfortably afford a home: $53,598.80

16. Illinois

• 2024 average home value: $254,709

• 20% down payment: $50,941.71

• Loan amount: $203,766.85

• Monthly mortgage: $1,331.12

• Annual mortgage: $15,973.48

• Minimum salary needed to comfortably afford a home: $53,244.93

Check Out: 10 of the Most Valuable Pennies

15. North Dakota

• 2024 average home value: $252,382

• 20% down payment: $50,476.30

• Loan amount: $201,905.21

• Monthly mortgage: $1,318.96

• Annual mortgage: $15,827.54

• Minimum salary needed to comfortably afford a home: $52,758.47

14. Nebraska

• 2024 average home value: $251,535

• 20% down payment: $50,306.90

• Loan amount: $201,227.60

• Monthly mortgage: $1,314.54

• Annual mortgage: $15,774.42

• Minimum salary needed to comfortably afford a home: $52,581.41

Discover More: Warren Buffett: 6 Best Pieces of Money Advice for the Middle Class

13. Missouri

• 2024 average home value: $238,808

• 20% down payment: $47,761.55

• Loan amount: $191,046.19

• Monthly mortgage: $1,248.02

• Annual mortgage: $14,976.29

• Minimum salary needed to comfortably afford a home: $49,920.98

12. Indiana

• 2024 average home value: $231,278

• 20% down payment: $46,255.59

• Loan amount: $185,022.36

• Monthly mortgage: $1,208.67

• Annual mortgage: $14,504.08

• Minimum salary needed to comfortably afford a home: $48,346.93

Be Aware: 9 Bills Frugal People Don’t Pay

11. Michigan

• 2024 average home value: $230,125

• 20% down payment: $46,025.03

• Loan amount: $184,100.13

• Monthly mortgage: $1,202.65

• Annual mortgage: $14,431.79

• Minimum salary needed to comfortably afford a home: $48,105.95

10. Ohio

• 2024 average home value: $218,535

• 20% down payment: $43,707.07

• Loan amount: $174,828.27

• Monthly mortgage: $1,142.08

• Annual mortgage: $13,704.95

• Minimum salary needed to comfortably afford a home: $45,683.18

Explore More: 30 Best Games That Pay Real Money in 2024

9. Alabama

• 2024 average home value: $218,004

• 20% down payment: $43,600.75

• Loan amount: $174,402.99

• Monthly mortgage: $1,139.30

• Annual mortgage: $13,671.62

• Minimum salary needed to comfortably afford a home: $45,572.06

8. Kansas

• 2024 average home value: $217,817

• 20% down payment: $43,563.35

• Loan amount: $174,253.38

• Monthly mortgage: $1,138.32

• Annual mortgage: $13,659.89

• Minimum salary needed to comfortably afford a home: $45,532.96

That’s Interesting: This Amazon Side Hustle Made $140K per Month in Passive Income

7. Iowa

• 2024 average home value: $212,367

• 20% down payment: $42,473.40

• Loan amount: $169,893.59

• Monthly mortgage: $1,109.84

• Annual mortgage: $13,318.12

• Minimum salary needed to comfortably afford a home: $44,393.74

6. Oklahoma

• 2024 average home value: $200,153

• 20% down payment: $40,030.57

• Loan amount: $160,122.28

• Monthly mortgage: $1,046.01

• Annual mortgage: $12,552.14

• Minimum salary needed to comfortably afford a home: $41,840.46

Try This: How To Earn $4,000 a Month in Passive Income

5. Arkansas

• 2024 average home value: $198,364

• 20% down payment: $39,672.80

• Loan amount: $158,691.21

• Monthly mortgage: $1,036.66

• Annual mortgage: $12,439.96

• Minimum salary needed to comfortably afford a home: $41,466.52

4. Kentucky

• 2024 average home value: $196,412

• 20% down payment: $39,282.42

• Loan amount: $157,129.67

• Monthly mortgage: $1,026.46

• Annual mortgage: $12,317.55

• Minimum salary needed to comfortably afford a home: $41,058.48

View Next: 8 Best Items To Buy at Dollar Tree To Resell on Amazon for Major Profits

3. Louisiana

• 2024 average home value: $195,240

• 20% down payment: $39,047.98

• Loan amount: $156,191.93

• Monthly mortgage: $1,020.34

• Annual mortgage: $12,244.03

• Minimum salary needed to comfortably afford a home: $40,813.45

2. Mississippi

• 2024 average home value: $170,653

• 20% down payment: $34,130.66

• Loan amount: $136,522.65

• Monthly mortgage: $891.85

• Annual mortgage: $10,702.14

• Minimum salary needed to comfortably afford a home: $35,673.80

Read More: How I Make $5,000 a Month in Passive Income Doing Just 10 Hours of Work a Year

1. West Virginia

• 2024 average home value: $155,080

• 20% down payment: $31,016.07

• Loan amount: $124,064.28

• Monthly mortgage: $810.46

• Annual mortgage: $9,725.52

• Minimum salary needed to comfortably afford a home: $32,418.39

Methodology: For this piece GOBankingRates first found the (1) average 2024 home value for each state. GOBankingRates then found the average monthly mortgage by using the following assumptions: a 30-year fixed rate mortgage with 20% down payment with a rate of 6.82% as sourced from Freddie Mac for April 4, 2024, and there was no P&I, HOA fees, or property tax included. With the monthly mortgage rate found, GOBankingRates was able to find the minimum salary needed to comfortably afford the home by assuming housing costs could not exceed 30% of gross income. All data was collected and is up to date as of April 10, 2024.

More From GOBankingRates

This article originally appeared on GOBankingRates.com: The Minimum Salary You Need To Buy a Home in 2024 in All 50 States