(NewsNation) — Buying a home now requires a six-figure salary in most U.S. states, according to a new Bankrate analysis.

The personal finance site found that Americans need an annual household income of $116,986 to afford a typical home — a nearly 50% jump from early 2020, when $78,236 was needed.

Back in 2020, buyers in just six states needed a six-figure income to afford a typical home in their area. Now, homebuyers in 30 states need at least $100,000 a year — well above the median household income of $80,610 in 2023.

“Between elevated mortgage rates and the rise of home prices nationally to a record level, many aspiring homebuyers feel like owning a home is out of reach,” Mark Hamrick, senior economic analyst for Bankrate, said in the report.

Hamrick noted that home affordability varies widely by region.

Buyers in the Northeastern and Western regions need the highest incomes, Bankrate determined.

Washington, D.C., leads the nation, where households need to bring in more than $240,000 to afford a typical home in the area. Hawaii ($235,638) and California ($213,447) were next on the list, followed by Massachusetts ($174,392) and Colorado ($168,643).

Meanwhile, several midwestern and southern states are more affordable. West Virginia requires the least income to afford a home, $64,179. Iowa ($70,437) and Ohio ($71,080) are also below the six-figure threshold, followed by Mississippi ($72,072) and Indiana ($72,342).

Other states, particularly in the Mountain West, are significantly less affordable than they used to be after more homeowners from California and Washington moved to the region.

Utah saw the biggest jump, where the income needed to afford a typical home rose nearly 90% from $80,214 in Jan. 2020 to $151,956 in Jan. 2025.

Montana saw the second-largest increase in needed income over the period, up about 85% to $142,316. Wyoming was third with a roughly 80% spike over the past five years.

Texas, which is building more new homes than any other state, has seen the smallest increase in income needed to afford a home over the past five years, around 26%.

The annual income needed to afford a typical home was based on a buyer spending no more than 28% of their pretax annual income on housing, Bankrate said.

Bankrate’s analysis was based on Redfin’s median sale price data from January 2020 and January 2025. The affordability calculation assumed a 20% down payment and no HOA fees or private mortgage insurance. It did factor in average state property taxes and average homeowners insurance rates, as well as the 52-week average interest rate for a 30-year fixed mortgage.

The 10 states requiring the most income to afford a typical home in 2025, according to Bankrate:

1. Hawaii: $235,638
2. California: $213,447
3. Massachusetts: $174,392
4. Colorado: $168,643
5. Washington: $164,608
6. New York: $160,300
7. New Jersey: $160,001
8. Utah: $151,956
9. Rhode Island: $144,175
10. New Hampshire: $142,775

The 10 states requiring the least income to afford a typical home in 2025, according to Bankrate:

1. West Virginia: $64,179
2. Iowa: $70,437
3. Ohio: $71,080
4. Mississippi: $72,072
5. Indiana: $72,342
6. Arkansas: $73,330
7. Michigan: $74,228
8. Missouri: $74,263
9. Louisiana: $76,145
10. Oklahoma: $77,596