How Much do You Need to Make to Afford a Home in Colorado in 2025?

If you are thinking about purchasing a home in Colorado in 2025, there are a few factors you are going to need to know about. One of the biggest factors is how much you make.

Your salary is going to dictate how much home you can afford. It is no secret that Colorado's real estate market is on the pricier side, but by how much? According to Bank Rate, Colorado is the fifth most expensive state that has high income requirements.

How Much Money Do You Need To Make To Afford a Home In Colorado In 2025?

Coloradans looking to purchase a home in the state will have to bring in a decent salary to even be able to afford a mortgage. Bank Rate says that the average income to afford a home in Colorado is $168,643 annually. This is a big jump in annual salary requirements compared to January 2020, at a 68 percent increase. Bank Rate says that a salary of $100,000 was the average income needed to afford a home in Colorado only five short years ago.

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The area that demands the biggest salary in the nation in 2025 is the District of Columbia at a staggering $240,009 per year. Other states on the most expensive list include Massachusetts at $174k, California at $213k, and Hawaii at $235k.

Cheapest States in the Nation to Buy a Home in 2025

There are still a few states in the nation where you can afford a home without bringing in a six-figure salary. Most of those states are located in the Midwest and southern parts of the United States. These are the five cheapest states in the nation:

• Indiana - $72k
• Mississippi - $72k
• Ohio - $71k
• Iowa - $ 70k
• West Virginia $64k

See more on how much you need to make to afford a home in each state in 2025 at bankrate.com.