You need a six-figure salary to afford a home in almost half of US states [Video]

If you’re on the hunt for a new home in 2024, the financial site Bankrate just released a study that shows you what you’re up against — and in nearly half of the states in America, it’s not pretty. Based on data compiled from Redfin, ATTOM, the National Association of Insurance Commissioners and the Consumer Price Index, an income of more than $100,000 is required to afford a house in 22 states (plus District of Columbia).

In fact, it’s not pretty anywhere. While some states are better than others (more on that later), housing affordability has gone in the wrong direction across the board. Bankrate estimates that it would take an average yearly income of $110,871 to afford a mortgage this year, and that’s an increase of nearly 50% since 2020.

MORE: New report ranks best and most affordable places to live in America

Worse yet, Redfin’s median home costused to calculate that data has …