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How Much You Need to Make to Afford a Home in Each State

Millennials are increasingly opting to pay rent over mortgages as housing prices creep up across the country. But the American dream of owning a home is more realistic in some places than it is in others. According to this data visualization from the cost information site How Much, where you choose to live can save you tens of thousands of dollars on housing payments a year.

How Much calculated the salary you need to afford the average home in each state by running data from Zillow into a mortgage calculator. They assumed that homeowners would pay interest of 4 to 5 percent depending on the state, make a down payment of 10 percent, and spend 30 percent of their annual income on their mortgage. Based on these numbers, they found West Virginia to be the most affordable state to live in: There you only need to make $38,320 to own the average $149,500 home. Behind it is Ohio with a salary requirement of $38,400 and Michigan with a salary of $40,800. All the states where the minimum salary to own a home falls below $50,000 are located in the South, North-Atlantic, and Midwestern U.S.

At the opposite end of the spectrum, Hawaii occupies the top slot. To afford an average house there, which goes for $610,000, you need to bring home an annual income of at least $153,520. Washington D.C., where you need to make $138,440 or more, is the second most expensive location for homeowners, followed by California with a minimum salary of $120,120.

If the map above doesn't make you feel any more optimistic about owning a home, check out this map from 2017 of the earnings needed to rent a two-bedroom apartment in each state.

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The Richest Person of All Time From Each State


Looking for inspiration in your quest to become a billionaire? This map from cost information website HowMuch.net, spotted by Digg, highlights the richest person in history who hails from each of the 50 states.

More billionaires live in the U.S. than in any other country, but not every state has produced a member of the Three Comma Club (seven states can only lay claim to millionaires). The map spans U.S. history, with numbers adjusted for inflation. One key finding: The group is overwhelmingly male, with only three women represented.

The richest American by far was John D. Rockefeller, repping New York with $257.25 billion to his name. Amazon's Jeff Bezos and Microsoft's Bill Gates clock in at the third and fifth richest, respectively. While today they both make their homes in the exclusive waterfront city of Medina, Washington, this map is all about birthplace. Since Gates, who is worth $90.54 billion, was born in Seattle, he wins top billing in the Evergreen State, while Albuquerque-born Bezos's $116.57 billion fortune puts New Mexico on the map.

The richest woman is South Carolina's Anita Zucker ($3.83 billion), the CEO of InterTech Group, a private, family-owned chemicals manufacturer based in Charleston. Clocking in at number 50 is the late, great socialite Brooke Astor—who, though a legend of the New York City social scene, was a native of New Hampshire—with $150 million.

[h/t Digg]

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8 City Maps Rendered in the Styles of Famous Artists
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Vincent van Gogh once famously said, "I dream my painting and I paint my dream." If at some point in his career he had dreamed up a map of Amsterdam, where he lived and derived much of his inspiration from, it may have looked something like the one below.

In a blog post from March, Credit Card Compare selected eight cities around the world and illustrated what their maps might look like if they had been created by the famous artists who have roots there.

The Andy Warhol-inspired map of New York City, for instance, is awash with primary colors, and the icons representing notable landmarks are rendered in his famous Pop Art style. Although Warhol grew up in Pittsburgh, he spent much of his career working in the Big Apple at his studio, dubbed "The Factory."

Another iconic and irreverent artist, Banksy, is the inspiration behind London's map. Considering that the public doesn't know Banksy's true identity, he remains something of an enigma. His street art, however, is recognizable around the world and commands exorbitant prices at auction. In an ode to urban art, clouds of spray paint and icons that are a bit rough around the edges adorn this map of England's capital.

For more art-inspired city maps, scroll through the photos below.

[h/t Credit Card Compare]

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