ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
Sources and methodology available here
2
3
Year
Typical entry-level home value
Monthly housing costs
Income needed to afford
Average annual wage Annual surplus (shortfall) Index valueIndex interpretation
4
2001 $ 70,367 $ 775 $ 31,000 $ 33,430 $ 2,430 8%In 2001, the average wage was 8% higher than the income needed to afford the typical entry-level home.
5
2002 $ 73,930 $ 786 $ 31,440 $ 34,940 $ 3,500 11%In 2002, the average wage was 11% higher than the income needed to afford the typical entry-level home.
6
2003 $ 77,937 $ 789 $ 31,560 $ 35,470 $ 3,910 12%In 2003, the average wage was 12% higher than the income needed to afford the typical entry-level home.
7
2004 $ 82,164 $ 826 $ 33,040 $ 35,980 $ 2,940 9%In 2004, the average wage was 9% higher than the income needed to afford the typical entry-level home.
8
2005 $ 85,070 $ 855 $ 34,200 $ 37,120 $ 2,920 9%In 2005, the average wage was 9% higher than the income needed to afford the typical entry-level home.
9
2006 $ 85,950 $ 895 $ 35,800 $ 38,060 $ 2,260 6%In 2006, the average wage was 6% higher than the income needed to afford the typical entry-level home.
10
2007 $ 84,422 $ 886 $ 35,440 $ 39,250 $ 3,810 11%In 2007, the average wage was 11% higher than the income needed to afford the typical entry-level home.
11
2008 $ 79,593 $ 847 $ 33,880 $ 40,460 $ 6,580 19%In 2008, the average wage was 19% higher than the income needed to afford the typical entry-level home.
12
2009 $ 72,666 $ 756 $ 30,240 $ 40,710 $ 10,470 35%In 2009, the average wage was 35% higher than the income needed to afford the typical entry-level home.
13
2010 $ 70,730 $ 748 $ 29,920 $ 41,010 $ 11,090 37%In 2010, the average wage was 37% higher than the income needed to afford the typical entry-level home.
14
2011 $ 65,265 $ 715 $ 28,600 $ 41,970 $ 13,370 47%In 2011, the average wage was 47% higher than the income needed to afford the typical entry-level home.
15
2012 $ 66,980 $ 691 $ 27,640 $ 41,780 $ 14,140 51%In 2012, the average wage was 51% higher than the income needed to afford the typical entry-level home.
16
2013 $ 77,403 $ 766 $ 30,640 $ 42,610 $ 11,970 39%In 2013, the average wage was 39% higher than the income needed to afford the typical entry-level home.
17
2014 $ 87,868 $ 847 $ 33,880 $ 41,350 $ 7,470 22%In 2014, the average wage was 22% higher than the income needed to afford the typical entry-level home.
18
2015 $ 96,316 $ 872 $ 34,880 $ 42,950 $ 8,070 23%In 2015, the average wage was 23% higher than the income needed to afford the typical entry-level home.
19
2016 $ 109,775 $ 928 $ 37,120 $ 43,610 $ 6,490 17%In 2016, the average wage was 17% higher than the income needed to afford the typical entry-level home.
20
2017 $ 125,307 $ 1,044 $ 41,760 $ 44,770 $ 3,010 7%In 2017, the average wage was 7% higher than the income needed to afford the typical entry-level home.
21
2018 $ 139,278 $ 1,175 $ 47,000 $ 45,670 $ (1,330)-3%In 2018, the average wage was 3% lower than the income needed to afford the typical entry-level home.
22
2019 $ 150,923 $ 1,193 $ 47,720 $ 47,010 $ (710)-1%In 2019, the average wage was roughly equal to the income needed to afford the typical entry-level home.
23
2020 $ 164,464 $ 1,208 $ 48,320 $ 49,700 $ 1,380 3%In 2020, the average wage was 3% higher than the income needed to afford the typical entry-level home.
24
2021 $ 193,354 $ 1,350 $ 54,000 $ 52,660 $ (1,340)-2%In 2021, the average wage was 2% lower than the income needed to afford the typical entry-level home.
25
2022 $ 218,139 $ 1,777 $ 71,080 $ 54,900 $ (16,180)-23%In 2022, the average wage was 23% lower than the income needed to afford the typical entry-level home.
26
2023 $ 226,783 $ 2,041 $ 81,640 $ 58,300 $ (23,340)-29%In 2023, the average wage was 29% lower than the income needed to afford the typical entry-level home.
27
2024 $ 241,580 $ 2,180 $ 87,200 $ 59,828 $ (27,372)-31%In 2024, the average wage was 31% lower than the income needed to afford the typical entry-level home.
28
29
30
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126