PORTLAND, Ore. ( KOIN ) – A new Bankrate study reveals how much hopeful homebuyers need to earn to afford a typical home in each state. In Oregon, homebuyers need more than the national average.
According to Bankrate’s 2025 Housing Affordability Study released in March, homebuyers need an income of nearly $117,000 to afford a typical home in the United States.
This marks a near-50% increase since early 2020 when the needed income to buy a typical home was $78,236, Bankrate says.
A six-figure salary might not be enough in Portland, report finds
According to the study, the top five states requiring the most income to afford a typical home include, the District of Columbia ($240,009), Hawaii ($235,638), California ($213,447), Massachusetts ($174,392) and Colorado ($168,643)…