"Here's a look at the 14 states where homes are most affordable, based on the annual income needed to cover homeownership costs without spending more than 28% on housing.
Mississippi: $63,043
Ohio: $64,071
Arkansas: $64,714
Indiana: $65,143
Kentucky: $65,186
Iowa: $65,314
Oklahoma: $65,443
Michigan: $66,343
Missouri: $66,986
Louisiana: $67,886
Alabama: $69,514
Kansas: $72,343
North Dakota: $73,414
West Virginia: $74,957
Median-priced homes in these states cost $300,000 or less, a significant discount compared with the U.S. median price of $402,343.
While these 14 states may have cheaper properties available, there are trade-offs to consider, like higher rates of poverty and fewer high-paying jobs compared with the rest of the country. Many of them are among the most rural in the United States, and incomes in rural areas tend to be lower than in large urban cities.
In contrast, you'd need to make $197,057 to afford a median-priced home worth $739,200 in California — the highest amongst all states."
https://www.cnbc.com/2024/04/13/us-states-where-you-can-buy-a-home-if-you-earn-less-than-75000.html
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