U.S. States Face Significant Homebuying Income Gaps, With Hawaii Leading Shortfall
A new analysis reveals that in 37 U.S. states, the median household income falls short of the estimated income required to comfortably purchase a median-priced home. Hawaii exhibits the most substantial affordability gap, with a $116,053 difference between its median household income of $100,389 and the $216,442 needed for comfortable homeownership. California follows with a $74,928 gap. Conversely, Illinois shows the largest income surplus at $20,002, indicating that its median household income exceeds the homebuying requirement. Other states with significant shortfalls include Montana ($53,307), Rhode Island ($52,057), and New Hampshire ($46,752). The data, compiled by MoneyLion using information from the U.S. Census Bureau, Zillow, FRED, and the Missouri Economic Research and Information Center, highlights widespread housing affordability challenges across the nation. 
