To afford an average home in Massachusetts based on a 30-year mortgage and 10 percent down, one would need to make a salary of $101,320, according to a recent study by HowMuch.net.

The study collected average home prices for every state from Zillow and then plugged those into a mortgage calculator to figure out monthly payments. Mortgage payments consist of both the principal and the interest for the loan. The interest rate the study used varied from 4 percent to 5 percent in each state, depending on the market.

Massachusetts required the fourth highest salary in order to afford the average home in the state. Hawaii, Washington D.C. and California had the three highest salaries, while West Virginia, Ohio and Michigan had the lowest.

Missouri and Oklahoma are the only two states west of the Mississippi River where a worker with an annual salary under $40,000 can afford a mid-level home. The study concluded that housing remains affordable in large swaths of the country, even though there will always be places like California and New York where there is simply too much demand for the available inventory.

Average Home in Massachusetts Requires Income of $101K

by Bram Berkowitz time to read: 1 min
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