We all know that where we live can make a huge difference in the kind of lifestyle we can afford on our salary. According to Forbes, the average salary across the United States is about $62,000.
Here’s an interesting perspective: In today’s high-inflation world, you would need to earn more than $98,000 to enjoy the same purchasing power of a $75,000 salary from 2013.
So where will your salary go the farthest when it comes to the housing market? According to a research team at USA TODAY Homefront, Indiana residents spend the least amount of their income on homeowner costs.
According to USA TODAY, “Homeowner costs include monthly mortgage and insurance payments, as well as any other costs associated with homeownership such as homeowners association fees, taxes and utilities.”
Here’s a look at the states with the highest and lowest homeowner costs.
