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Florida: $95,979

• 2023 average home value: $398,861

• Monthly mortgage payment: $2,271.31

• Annual mortgage payments: $27,256

Georgia: $80,105

• 2023 average home value: $307,375

• Monthly mortgage payment: $1,750.34

• Annual mortgage payments: $21,004

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Hawaii: $176,010

• 2023 average home value: $971,526

• Monthly mortgage payment: $5,046.57

• Annual mortgage payments: $60,559

Idaho: $97,916

• 2023 average home value: $438,088

• Monthly mortgage payment: $2,418.02

• Annual mortgage payments: $29,016

Illinois: $79,065

• 2023 average home value: $239,065

• Monthly mortgage payment: $1,588.47

• Annual mortgage payments: $19,062

Indiana: $69,677

• 2023 average home value: $221,357

• Monthly mortgage payment: $1,247.60

• Annual mortgage payments: $14,971

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Iowa: $70,093

• 2023 average home value: $201,546

• Monthly mortgage payment: $1,246.79

• Annual mortgage payments: $14,961

Kansas: $70,204

• 2023 average home value: $208,883

• Monthly mortgage payment: $1,260.85

• Annual mortgage payments: $15,130

Kentucky: $64,790

• 2023 average home value: $188,438

• Monthly mortgage payment: $1,058.92

• Annual mortgage payments: $12,707

Louisiana: $63,119

• 2023 average home value: $182,124

• Monthly mortgage payment: $980.95

• Annual mortgage payments: $11,771

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Maine: $93,928

• 2023 average home value: $347,071

• Monthly mortgage payment: $2,074.73

• Annual mortgage payments: $24,897

Maryland: $97,091

• 2023 average home value: $395,518

• Monthly mortgage payment: $2,295.12

• Annual mortgage payments: $27,541

Massachusetts: $131,536

• 2023 average home value: $576,102

• Monthly mortgage payment: $3,391.02

• Annual mortgage payments: $40,692

Michigan: $70,928

• 2023 average home value: $212,868

• Monthly mortgage payment: $1,295.55

• Annual mortgage payments: $15,547

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Minnesota: $87,301

• 2023 average home value: $320,005

• Monthly mortgage payment: $1,872.93

• Annual mortgage payments: $22,475

Mississippi: $59,413

• 2023 average home value: $160,346

• Monthly mortgage payment: $878.35

• Annual mortgage payments: $10,540

Missouri: $69,920

• 2023 average home value: $226,968

• Monthly mortgage payment: $1,307.60

• Annual mortgage payments: $15,691

Montana: $97,477

• 2023 average home value: $427,218

• Monthly mortgage payment: $2,375.82

• Annual mortgage payments: $28,510

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Nebraska: $76,661

• 2023 average home value: $242,560

• Monthly mortgage payment: $1,522.75

• Annual mortgage payments: $18,273

Nevada: $98,623

• 2023 average home value: $429,767

• Monthly mortgage payment: $2,336.28

• Annual mortgage payments: $28,035

New Hampshire: $116,962

• 2023 average home value: $442,930

• Monthly mortgage payment: $2,909.82

• Annual mortgage payments: $34,918

New Jersey: $117,735

• 2023 average home value: $460,761

• Monthly mortgage payment: $3,122.95

• Annual mortgage payments: $37,475

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New Mexico: $77,014

• 2023 average home value: $280,010

• Monthly mortgage payment: $1,536.17

• Annual mortgage payments: $18,434

New York: $101,804

• 2023 average home value: $396,058

• Monthly mortgage payment: $2,410.47

• Annual mortgage payments: $28,926

North Carolina: $82,358

• 2023 average home value: $309,902

• Monthly mortgage payment: $1,741.49

• Annual mortgage payments: $20,898

North Dakota: $76,476

• 2023 average home value: $245,226

• Monthly mortgage payment: $1,404.61

• Annual mortgage payments: $16,855

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Ohio: $70,976

• 2023 average home value: $206,508

• Monthly mortgage payment: $1,291.26

• Annual mortgage payments: $15,495

Oklahoma: $63,890

• 2023 average home value: $189,085

• Monthly mortgage payment: $1,072.01

• Annual mortgage payments: $12,864

Oregon: $114,269

• 2023 average home value: $491,744

• Monthly mortgage payment: $2,812.52

• Annual mortgage payments: $33,750

Pennsylvania: $78,695

• 2023 average home value: $243,386

• Monthly mortgage payment: $1,503.60

• Annual mortgage payments: $18,043

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Rhode Island: $106,613

• 2023 average home value: $421,742

• Monthly mortgage payment: $2,584.36

• Annual mortgage payments: $31,012

South Carolina: $75,950

• 2023 average home value: $272,103

• Monthly mortgage payment: $1,470.12

• Annual mortgage payments: $17,641

South Dakota: $79,649

• 2023 average home value: $283,596

• Monthly mortgage payment: $1,678.74

• Annual mortgage payments: $20,145

Tennessee: $75,947

• 2023 average home value: $287,793

• Monthly mortgage payment: $1,583.67

• Annual mortgage payments: $19,004

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Texas: $83,946

• 2023 average home value: $296,285

• Monthly mortgage payment: $1,872.37

• Annual mortgage payments: $22,468

Utah: $107,797

• 2023 average home value: $515,621

• Monthly mortgage payment: $2,798.69

• Annual mortgage payments: $33,584

Vermont: $97,731

• 2023 average home value: $327,908

• Monthly mortgage payment: $2,115.93

• Annual mortgage payments: $25,391

Virginia: $90,084

• 2023 average home value: $363,186

• Monthly mortgage payment: $2,056.05

• Annual mortgage payments: $24,673

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Washington: $123,625

• 2023 average home value: $577,876

• Monthly mortgage payment: $3,276.26

• Annual mortgage payments: $39,315

West Virginia: $60,980

• 2023 average home value: $145,893

• Monthly mortgage payment: $787.02

• Annual mortgage payments: $9,444

Wisconsin: $82,208

• 2023 average home value: $262,566

• Monthly mortgage payment: $1,652.71

• Annual mortgage payments: $19,833

Wyoming: $81,223

• 2023 average home value: $322,509

• Monthly mortgage payment: $1,742.46

• Annual mortgage payments: $20,910

Jami Farkas and Laura Beck contributed to the reporting for this article.

Methodology: For this piece, GOBankingRates first surveyed monthly living expenses in all 50 states. The cost-of-living comparison included the following factors: (1) yearly mortgage by assuming 20% down payment, 30-year fixed loan, current interest rate as sourced from St. Louis Federal Reserve (6.27%) for every state and multiplying that by 12 (1 year), sourced from Zillow’s home value index and determined using CNET Mortgage Calculator formula; (2) annual necessities cost (grocery, utilities, healthcare, and transportation) by taking the 2021 Bureau of Labor Statistics consumer expenditure survey and factored out by the Missouri Economic Research and Information Center’s cost of living index for all of 2022. Necessity costs were totaled using the annual dollar cost of necessities in each state. This dollar amount for necessities was then doubled to find the (3) actual annual income needed to live comfortably in the state, assuming a person is following the 50-30-20 budgeting guideline, which requires an income double the cost of necessities. The amount of money specified for savings is equal to 20% of the total income needed, and the amount specified for discretionary spending is equal to 30% of the total income needed. All data was collected on and is up to date as of May 10, 2024.

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This article originally appeared on GOBankingRates.com: This Is the Salary You Need To Afford the Average Home in Your State