Homebuying season is here — which means you're not alone if you’re on the hunt for a new home. You and many others are shopping around. But according to a recent study, you’ll need to earn at least six figures to land a typical home in the U.S.
According to a Bankrate study, 30 states and the District of Columbia are more demanding of homebuyers, requiring them to earn nearly $117,000 if they want to buy a home in these areas. This is up 50% from five years ago, when the typical income was almost $78,000.
