In the US, the median house price is an average 4.7 times higher than the median household income โ but in many states across the nation, the home price-to-income ratio is well above this.
To show where in the country homes are most and least affordable, Visual Capitalist used analysis of Zillow and Census Bureau data to map the home price-to-income ratio in each US. Figures are accurate as of June 2024.
The most unaffordable homes are in Hawaii, where the typical property costs 9.1 times the median household income. Homebuyers in California (8.4) and Montana (6.6) also face steep home price-to-income ratios.
At the other end of the ranking, West Virginia (2.9) is the most affordable state to buy a home in, followed by Iowa (three) and Kansas (3.2).
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Now check out the worst US cities for housing affordability.
Via Visual Capitalist.