Well, GoBankingRates found out the median rate for a single-family residence in each state. Before we reveal these numbers to you, did you know you shouldn’t spend more than 30% of your income on rent? That sounds like a fantasy to us, to be honest. Especially in the current economic climate, where it’s hard enough to find a job. Living in a big city de facto seems to mean you’re going to overspend on rent. Anyway, we also included how much money you’d need to earn if you wanted to respect that ratio.
From the cheapest state to the most expensive, here it goes!
51. West Virginia
Annual income needed: $35,520
Monthly income needed: $ 2,960
Median rent: $888
50. Oklahoma
Annual income needed: $38,000
Monthly income needed: $3,167
Median rent: $950
49. Arkansas
Annual income needed: $38,120
Monthly income needed: $2,177
Median rent: $953
48. Alabama
Annual income needed: $39,920
Monthly income needed: $3,327
Median rent: $998
47. Missouri
Annual income needed: $41,880
Monthly income needed: $3,490
Median rent: $1,047
46. Kansas
Annual income needed: $42,040
Monthly income needed: $3,503
Median rent: $1,051
45. Mississippi
Annual income needed: $42,200
Monthly income needed: $3,517
Median rent: $1,055
44. Iowa
Annual income needed: $42,280
Monthly income needed: $3,523
Median rent: $1,057
43. Kentucky
Annual income needed: $43,360
Monthly income needed: $3,613
Median rent: $1,084
42. Michigan
Annual income needed: $44,400
Monthly income needed: $3,700
Median rent: $1,110
41. Ohio
Annual income needed: $44,520
Monthly income needed: $3,710
Median rent: $1,113
40. Indiana
Annual income needed: $44,520
Monthly income needed: $3,710
Median rent: $1,113
39. Wisconsin
Annual income needed: $45,640
Monthly income needed: $3,803
Median rent: $1,141
38. Wyoming
Annual income needed: $45,960
Monthly income needed: $3,830
Median rent: $1,149
37. Tennessee
Annual income needed: $46,120
Monthly income needed: $3,843
Median rent: $1,153
36. New Mexico
Annual income needed: $48,000
Monthly income needed: $4,000
Median rent: $1,200
35. North Carolina
Annual income needed: $48,320
Monthly income needed: $4,0327
Median rent: $1,208
34. South Carolina
Annual income needed: $48,360
Monthly income needed: $4,030
Median rent: $1,209
33. South Dakota
Annual income needed: $48,520
Monthly income needed: $4,043
Median rent: $1,213
32. Montana
Annual income needed: $49,360
Monthly income needed: $4,113
Median rent: $1,234
31. Idaho
Annual income needed: $49,520
Monthly income needed: $4,127
Median rent: $1,238
30. Pennsylvania
Annual income needed: $49,680
Monthly income needed: $4,150
Median rent: $1,242
29. Louisiana
Annual income needed: $49,800
Monthly income needed: $4,150
Median rent: $1,245
28. Nebraska
Annual income needed: $50,120
Monthly income needed: $4,177
Median rent: $1,253
27. Georgia
Annual income needed: $50,480
Monthly income needed: $4,207
Median rent: $1,262
26. North Dakota
Annual income needed: $51,600
Monthly income needed: $4,300
Median rent: $1,290
25. Arizona
Annual income needed: $54,240
Monthly income needed: $4,520
Median rent: $1,356
24. Nevada
Annual income needed: $56,920
Monthly income needed: $4,743
Median rent: $1,423
23. Delaware
Annual income needed: $57,400
Monthly income needed: $4,783
Median rent: $1,435
22. Minnesota
Annual income needed: $57,960
Monthly income needed: $4,830
Median rent: $1,449
21. Virginia
Annual income needed: $58,080
Monthly income needed: $4,840
Median rent: $1,452
20. Texas
Annual income needed: $58,200
Monthly income needed: $4,850
Median rent: $1,455
19. Illinois
Annual income needed: $58,520
Monthly income needed: $4,877
Median rent: $1,463
18. Maine
Annual income needed: $58,640
Monthly income needed: $4,887
Median rent: $1,466
17. Utah
Annual income needed: $61,040
Monthly income needed: $5,087
Median rent: $1,526
16. Florida
Annual income needed: $63,600
Monthly income needed: $5,300
Median rent: $1,590
15. Vermont
Annual income needed: $63,960
Monthly income needed: $5,330
Median rent: $1,599
14. Oregon
Annual income needed: $68,280
Monthly income needed: $5,690
Median rent: $1,707
13. Rhode Island
Annual income needed: $69,000
Monthly income needed: $5,750
Median rent: $1,725
12. New Hampshire
Annual income needed: $69,920
Monthly income needed: $5,827
Median rent: $1,748
11. Alaska
Annual income needed: $69,920
Monthly income needed: $5,827
Median rent: $1,748
10. Connecticut
Annual income needed: $72,120
Monthly income needed: $6,010
Median rent: $1,803
9. Maryland
Annual income needed: $72,280
Monthly income needed: $6,023
Median rent: $1,807
8. Washington
Annual income needed: $75,500
Monthly income needed: $6,127
Median rent: $1,838
7. Colorado
Annual income needed: $77,080
Monthly income needed: $6,423
Median rent: $1,927
6. New York
Annual income needed: $82,000
Monthly income needed: $6,833
Median rent: $2,050
5. New Jersey
Annual income needed: $82,480
Monthly income needed: $6,837
Median rent: $2,062
4. Massachusetts
Annual income needed: $90,080
Monthly income needed: $7,507
Median rent: $2,252
3. Hawaii
Annual income needed: $99,240
Monthly income needed: $8,270
Median rent: $2,481
2. California
Annual income needed: $100,720
Monthly income needed: $8,393
Median rent: $2,518
1. Washington DC
Annual income needed: $108,440
Monthly income needed: $9,037
Median rent: $2,711
