Average household needs $100K to afford home. Californians need even more: study

Average household needs $100K to afford home. Californians need even more: study

The average American household needs a six-figure income to afford a home in 2025, according to a new study by Bankrate. Bankrate's Housing Affordability Study found that prospective homebuyers in the U.S. need an annual household income of about $117,000 to afford a "typical home." That figure, researchers said, is almost a 50% increase since early 2020. In 2020, buyers in only six states and Washington D.C. needed a six-figure income to afford…