Grace Cary/Getty Images Salaries increased in nearly every state, but still not enough to afford the typical home.

Nearly every state in the US experienced a bump in household income last year, yet it's still not enough to afford the typical home .

States like Rhode Island and Virginia saw fairly large increases in income from 2024 to 2025 — 9.02% and 7.85%, respectively — but an additional five figures is needed to afford a median-priced home in each state, according to data from the US Census and Realtor.com.

Realtor.com senior economist Hannah Jones said that even though households are bringing in more money, an increase in mortgage rates since last year isn't helping.

"Mortgage rates are more than one percentage point higher than a year ago, which cuts into buyer budgets and offsets the affordability gains from softening home prices and rising incomes," Jones said.…