The Number of Days You Need To Work To Afford a Monthly Mortgage Payment in Each State
Realtor.com reveals that Americans need to work an average of 10 days per month to afford a mortgage payment on the median U.S. home price of $412,000. The study, released on April 2, 2025, shows significant regional variations.
Hawaii tops the list requiring 17 working days to cover mortgage payments, followed by California, Massachusetts, and Montana at 15 days each. In contrast, Midwest and Southeast regions show greater affordability, with Ohio requiring only 6 working days and states like Kansas, Missouri, Indiana, Illinois, West Virginia, and Michigan requiring 7 days.
The analysis assumes a 30-year fixed mortgage at 6.65% interest rate, 20% down payment, and includes property taxes and insurance costs at 1.7% annual rate, based on February 2025 median home prices and January 2025 BLS wage data.
Realtor.com rivela che gli americani devono lavorare in media 10 giorni al mese per permettersi il pagamento di un mutuo sulla casa media negli Stati Uniti, che ha un prezzo di $412.000. Lo studio, pubblicato il 2 aprile 2025, mostra significative variazioni regionali.
Hawaii è al primo posto, richiedendo 17 giorni lavorativi per coprire i pagamenti del mutuo, seguita da California, Massachusetts e Montana, che richiedono ciascuna 15 giorni. Al contrario, le regioni del Midwest e del Sudest mostrano una maggiore accessibilità, con Ohio che richiede solo 6 giorni lavorativi e stati come Kansas, Missouri, Indiana, Illinois, West Virginia e Michigan che richiedono 7 giorni.
L'analisi assume un mutuo fisso di 30 anni con un tasso d'interesse del 6,65%, un acconto del 20% e include le tasse sulla proprietà e i costi assicurativi al tasso annuale dell'1,7%, basato sui prezzi mediani delle abitazioni di febbraio 2025 e sui dati salariali del BLS di gennaio 2025.
Realtor.com revela que los estadounidenses necesitan trabajar un promedio de 10 días al mes para poder pagar una hipoteca sobre el precio medio de una casa en EE. UU. de $412,000. El estudio, publicado el 2 de abril de 2025, muestra variaciones regionales significativas.
Hawái encabeza la lista, requiriendo 17 días laborables para cubrir los pagos de la hipoteca, seguido de California, Massachusetts y Montana, que requieren 15 días cada uno. En contraste, las regiones del Medio Oeste y del Sureste muestran una mayor asequibilidad, con Ohio que solo requiere 6 días laborables y estados como Kansas, Missouri, Indiana, Illinois, Virginia Occidental y Michigan que requieren 7 días.
El análisis asume una hipoteca fija a 30 años con una tasa de interés del 6.65%, un pago inicial del 20% e incluye impuestos sobre la propiedad y costos de seguro al 1.7% de tasa anual, basado en los precios medianos de las viviendas de febrero de 2025 y los datos salariales del BLS de enero de 2025.
Realtor.com에 따르면, 미국인들은 평균 한 달에 10일 일해야 미국의 평균 주택 가격인 $412,000에 대한 주택 담보 대출 상환금을 감당할 수 있습니다. 2025년 4월 2일 발표된 이 연구는 지역별로 상당한 차이를 보여줍니다.
하와이는 주택 담보 대출 상환을 위해 17일의 근무일이 필요한 주로 1위를 차지하며, 캘리포니아, 매사추세츠, 몬태나가 각각 15일로 뒤를 따릅니다. 반면, 중서부와 남동부 지역은 더 나은 주택 구입 여건을 보여주며, 오하이오는 단 6일의 근무일이 필요하고, 캔자스, 미주리, 인디애나, 일리노이, 웨스트버지니아, 미시간과 같은 주들은 7일이 필요합니다.
이 분석은 30년 고정 모기지에 대해 6.65%의 이자율과 20%의 계약금을 가정하며, 2025년 2월의 평균 주택 가격과 2025년 1월 BLS 임금 데이터를 기반으로 연 1.7%의 재산세 및 보험 비용을 포함합니다.
Realtor.com révèle que les Américains doivent travailler en moyenne 10 jours par mois pour se permettre un paiement hypothécaire sur le prix médian des maisons aux États-Unis, qui s'élève à 412 000 $. L'étude, publiée le 2 avril 2025, montre des variations régionales significatives.
Hawaï arrive en tête de liste avec 17 jours de travail nécessaires pour couvrir les paiements hypothécaires, suivi de Californie, Massachusetts et Montana, qui nécessitent chacun 15 jours. En revanche, les régions du Midwest et du Sud-Est montrent une plus grande accessibilité, avec Ohio n'exigeant que 6 jours de travail et des États comme Kansas, Missouri, Indiana, Illinois, Virginie-Occidentale et Michigan nécessitant 7 jours.
L'analyse suppose un prêt hypothécaire fixe de 30 ans à un taux d'intérêt de 6,65 %, un acompte de 20 % et inclut les taxes foncières et les coûts d'assurance à un taux annuel de 1,7 %, basé sur les prix médians des maisons de février 2025 et les données salariales du BLS de janvier 2025.
Realtor.com zeigt, dass Amerikaner im Durchschnitt 10 Tage pro Monat arbeiten müssen, um eine Hypothekenzahlung für den medianen US-Hauspreis von $412.000 zu leisten. Die Studie, die am 2. April 2025 veröffentlicht wurde, zeigt erhebliche regionale Unterschiede.
Hawaii steht an der Spitze der Liste und benötigt 17 Arbeitstage, um die Hypothekenzahlungen zu decken, gefolgt von Kalifornien, Massachusetts und Montana, die jeweils 15 Tage benötigen. Im Gegensatz dazu zeigen die Regionen im Mittleren Westen und im Südosten eine größere Erschwinglichkeit, wobei Ohio nur 6 Arbeitstage benötigt und Staaten wie Kansas, Missouri, Indiana, Illinois, West Virginia und Michigan 7 Tage benötigen.
Die Analyse geht von einer 30-jährigen Festhypothek mit einem Zinssatz von 6,65%, einer Anzahlung von 20% und einer jährlichen Grundsteuer- und Versicherungsrate von 1,7% aus, basierend auf den medianen Hauspreisen von Februar 2025 und den Lohnzahlen des BLS von Januar 2025.
- None.
- None.
- Highest number of days:
Hawaii (17 days),California (15 days),Massachusetts (15 days) andMontana (15 days). - Lowest number of days:
Kansas (7 days),Missouri (7 days),Indiana (7 days),Illinois (7 days),West Virginia (7 days),Michigan (7 days), andOhio (6 days)
"The number of workdays required to afford a home today stems from a couple factors. First, home prices have risen faster than incomes, widening the gap between earnings and housing costs. Second, elevated mortgage rates have increased borrowing costs, further stretching monthly budgets," said Charlie Lankston, Executive Editor, Realtor.com®. "As a result, prospective buyers must allocate more of their income, and consequently, more work days each month, to afford mortgage payments."
More than half a month's worth of work
Fittingly named the Paradise of the Pacific, it doesn't come as a surprise that
The in-demand state of
One week, or less
Meanwhile, the midwest and southeastern
To read more about the number of days required to work to afford a mortgage payment visit Realtor.com.
Work Days Required Per Month To Afford a Mortgage Payment by State | ||
State | Median Home List Price | Average Work Days Required |
9 | ||
9 | ||
12 | ||
8 | ||
15 | ||
12 | ||
11 | ||
12 | ||
9 | ||
11 | ||
9 | ||
17 | ||
14 | ||
7 | ||
7 | ||
8 | ||
7 | ||
8 | ||
8 | ||
11 | ||
9 | ||
15 | ||
7 | ||
8 | ||
9 | ||
7 | ||
15 | ||
9 | ||
13 | ||
13 | ||
12 | ||
11 | ||
14 | ||
10 | ||
9 | ||
6 | ||
8 | ||
12 | ||
8 | ||
12 | ||
9 | ||
10 | ||
11 | ||
8 | ||
14 | ||
12 | ||
10 | ||
12 | ||
7 | ||
9 | ||
12 | ||
Methodology
To assess housing affordability, this analysis calculates the number of workdays needed to cover a median monthly mortgage payment in each state. The estimates are based on median home list prices as of February 2025 and assume a 30-year fixed mortgage at a
About Realtor.com®
Realtor.com® pioneered online real estate and has been at the forefront for over 25 years, connecting buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 site trusted by real estate professionals, Realtor.com® is a valued partner, delivering consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.
Media Contact: Asees Singh, press@realtor.com
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SOURCE Realtor.com
FAQ
How many days does the average American need to work to afford a monthly mortgage payment in 2025?
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