How Much Money You Need To Make To Buy a Mansion in Every State in 2024

©Zillow
©Zillow

For many Americans, living in a mansion is the epitome of success. Many people grew up watching “Lifestyles of the Rich and Famous” or even “MTV Cribs,” dreaming of when they could own a palatial space with a spiral staircase, enough rooms for all their friends and family, a massive pool, and, of course, a garage big enough to hold your sweet rides.

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You might think that there’s a set amount everyone needs to take the keys to a mansion. However, the price of a mansion house — defined here as having 5+ bedrooms — depends heavily on the state that you live in or want to move to. GOBankingRates broke down the costs associated with buying a mansion in every state, as well as the District of Columbia.

When you’re done here, check out the cost of living in every state.

JasmineImage / iStock.com
JasmineImage / iStock.com

Alabama

  • 5+ Bedroom 2024 Home Value: $516,613

  • Yearly Mortgage: $33,095.53

  • Minimum Salary Needed to Comfortably Afford Mansion: $117,206.61

Read Next: Barbara Corcoran: 3 Cities To Invest In Real Estate Now Before Prices Skyrocket

Be Aware: Don’t Buy a House in These 3 Cities Facing a ‘Climate Change Real Estate Bubble’

Jacob Boomsma / Getty Images/iStockphoto
Jacob Boomsma / Getty Images/iStockphoto

Alaska

  • 5+ Bedroom 2024 Home Value: $565,010

  • Yearly Mortgage: $36,195.99

  • Minimum Salary Needed to Comfortably Afford Mansion: $140,240.31

Trending Now: 10 Dangerous Cities You Shouldn’t Buy a Home in No Matter the Price

Arizona

  • 5+ Bedroom 2024 Home Value: $717,201

  • Yearly Mortgage: $45,945.77

  • Minimum Salary Needed to Comfortably Afford Mansion: $168,213.78

clintspencer / iStock.com
clintspencer / iStock.com

Arkansas

  • 5+ Bedroom 2024 Home Value: $515,890

  • Yearly Mortgage: $33,049.24

  • Minimum Salary Needed to Comfortably Afford Mansion: $121,169.79

Find Out: Is Barbara Corcoran Right About the Housing Market?

©iStock.com
©iStock.com

California

  • 5+ Bedroom 2024 Home Value: $1,275,865

  • Yearly Mortgage: $81,735.21

  • Minimum Salary Needed to Comfortably Afford Mansion: $304,347.31

Jacob Boomsma / Getty Images/iStockphoto
Jacob Boomsma / Getty Images/iStockphoto

Colorado

  • 5+ Bedroom 2024 Home Value: $793,397

  • Yearly Mortgage: $50,827.04

  • Minimum Salary Needed to Comfortably Afford Mansion: $183,969.09

©iStock.com
©iStock.com

Connecticut

  • 5+ Bedroom 2024 Home Value: $903,221

  • Yearly Mortgage: $57,862.67

  • Minimum Salary Needed to Comfortably Afford Mansion: $246,767.75

AndreyKrav / iStock.com
AndreyKrav / iStock.com

Delaware

  • 5+ Bedroom 2024 Home Value: $662,439

  • Yearly Mortgage: $42,437.52

  • Minimum Salary Needed to Comfortably Afford Mansion: $154,927.97

See More: Dave Ramsey: Why You Shouldn’t Pay Off Your Mortgage Early Even If You Can

Tanarch / Getty Images/iStockphoto
Tanarch / Getty Images/iStockphoto

District of Columbia

  • 5+ Bedroom 2024 Home Value: $1,684,043

  • Yearly Mortgage: $107,884.14

  • Minimum Salary Needed to Comfortably Afford Mansion: $394,417.34

JillianCain / Getty Images
JillianCain / Getty Images

Florida

  • 5+ Bedroom 2024 Home Value: $792,835

  • Yearly Mortgage: $50,791.03

  • Minimum Salary Needed to Comfortably Afford Mansion: $193,352.76

©iStock.com
©iStock.com

Georgia

  • 5+ Bedroom 2024 Home Value: $595,640

  • Yearly Mortgage: $38,158.25

  • Minimum Salary Needed to Comfortably Afford Mansion: $145,460.49

Jonathan Ross / iStock.com
Jonathan Ross / iStock.com

Hawaii

  • 5+ Bedroom 2024 Home Value: $1,296,029

  • Yearly Mortgage: $83,026.98

  • Minimum Salary Needed to Comfortably Afford Mansion: $290,580.90

Trending Now: Don’t Buy a House in These 5 US Cities That Have Shrinking Populations and Fewer Buyers

picmax / Getty Images/iStockphoto
picmax / Getty Images/iStockphoto

Idaho

  • 5+ Bedroom 2024 Home Value: $589,189

  • Yearly Mortgage: $37,744.98

  • Minimum Salary Needed to Comfortably Afford Mansion: $138,975.15

Illinois

  • 5+ Bedroom 2024 Home Value: $518,952

  • Yearly Mortgage: $33,245.42

  • Minimum Salary Needed to Comfortably Afford Mansion: $146,798.77

Wirestock / Getty Images/iStockphoto
Wirestock / Getty Images/iStockphoto

Indiana

  • 5+ Bedroom 2024 Home Value: $462,479

  • Yearly Mortgage: $29,627.61

  • Minimum Salary Needed to Comfortably Afford Mansion: $111,708.12

Aaron Yoder / Getty Images/iStockphoto
Aaron Yoder / Getty Images/iStockphoto

Iowa

  • 5+ Bedroom 2024 Home Value: $420,447

  • Yearly Mortgage: $26,934.92

  • Minimum Salary Needed to Comfortably Afford Mansion: $111,085.71

Check Out: Cheapest Places To Buy a Home in Every State

Oleksii Liskonih / Getty Images/iStockphoto
Oleksii Liskonih / Getty Images/iStockphoto

Kansas

  • 5+ Bedroom 2024 Home Value: $422,906

  • Yearly Mortgage: $27,092.46

  • Minimum Salary Needed to Comfortably Afford Mansion: $109,198.00

DenisTangneyJr / Getty Images/iStockphoto
DenisTangneyJr / Getty Images/iStockphoto

Kentucky

  • 5+ Bedroom 2024 Home Value: $465,327

  • Yearly Mortgage: $29,810.06

  • Minimum Salary Needed to Comfortably Afford Mansion: $112,240.92

DenisTangneyJr / Getty Images/iStockphoto
DenisTangneyJr / Getty Images/iStockphoto

Louisiana

  • 5+ Bedroom 2024 Home Value: $442,193

  • Yearly Mortgage: $28,328.03

  • Minimum Salary Needed to Comfortably Afford Mansion: $102,681.04

DenisTangneyJr / Getty Images/iStockphoto
DenisTangneyJr / Getty Images/iStockphoto

Maine

  • 5+ Bedroom 2024 Home Value: $619,967

  • Yearly Mortgage: $39,716.71

  • Minimum Salary Needed to Comfortably Afford Mansion: $158,014.35

©iStock.com
©iStock.com

Maryland

  • 5+ Bedroom 2024 Home Value: $717,041

  • Yearly Mortgage: $45,935.49

  • Minimum Salary Needed to Comfortably Afford Mansion: $178,214.73

Up Next: I’m a Real Estate Investor: 10 Places I Would Never Buy Property

KenWiedemann / Getty Images/iStockphoto
KenWiedemann / Getty Images/iStockphoto

Massachusetts

  • 5+ Bedroom 2024 Home Value: $1,121,529

  • Yearly Mortgage: $71,848.03

  • Minimum Salary Needed to Comfortably Afford Mansion: $282,111.52

wellesenterprises / iStock.com
wellesenterprises / iStock.com

Michigan

  • 5+ Bedroom 2024 Home Value: $460,380

  • Yearly Mortgage: $29,493.14

  • Minimum Salary Needed to Comfortably Afford Mansion: $119,487.94

Minnesota

  • 5+ Bedroom 2024 Home Value: $536,938

  • Yearly Mortgage: $34,397.62 

  • Minimum Salary Needed to Comfortably Afford Mansion: $134,525.42

©iStock.com
©iStock.com

Mississippi

  • 5+ Bedroom 2024 Home Value: $422,486

  • Yearly Mortgage: $27,065.57

  • Minimum Salary Needed to Comfortably Afford Mansion: $99,654.10

Missouri

  • 5+ Bedroom 2024 Home Value: $482,590

  • Yearly Mortgage: $30,915.94

  • Minimum Salary Needed to Comfortably Afford Mansion: $119,300.33

Learn More: I’m a Home Staging Expert: Watch Out for These 5 Staging Red Flags When You’re Buying a Home

leezsnow / Getty Images/iStockphoto
leezsnow / Getty Images/iStockphoto

Montana

  • 5+ Bedroom 2024 Home Value: $634,364

  • Yearly Mortgage: $40,638.97

  • Minimum Salary Needed to Comfortably Afford Mansion: $151,110.86

marekuliasz / iStock.com
marekuliasz / iStock.com

Nebraska

  • 5+ Bedroom 2024 Home Value: $438,174

  • Yearly Mortgage: $28,070.56

  • Minimum Salary Needed to Comfortably Afford Mansion: $117,376.00

georgeclerk / Getty Images
georgeclerk / Getty Images

Nevada

  • 5+ Bedroom 2024 Home Value: $661,334

  • Yearly Mortgage: $42,366.76

  • Minimum Salary Needed to Comfortably Afford Mansion: $154,228.78

DenisTangneyJr / iStock.com
DenisTangneyJr / iStock.com

New Hampshire

  • 5+ Bedroom 2024 Home Value: $723,475

  • Yearly Mortgage: $46,347.66

  • Minimum Salary Needed to Comfortably Afford Mansion: $201,035.77

By Zeete - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=131484378 / Wikimedia Commons
By Zeete - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=131484378 / Wikimedia Commons

New Jersey

  • 5+ Bedroom 2024 Home Value: $1,038,972

  • Yearly Mortgage: $66,559.24

  • Minimum Salary Needed to Comfortably Afford Mansion: $299,094.39

Find Out: Housing Market 2024: 50 Most Affordable Cities for Homebuyers

ElFlacodelNorte / Getty Images/iStockphoto
ElFlacodelNorte / Getty Images/iStockphoto

New Mexico

  • 5+ Bedroom 2024 Home Value: $530,002

  • Yearly Mortgage: $33,953.27

  • Minimum Salary Needed to Comfortably Afford Mansion: $125,014.26

cmart7327 / Getty Images/iStockphoto
cmart7327 / Getty Images/iStockphoto

New York

  • 5+ Bedroom 2024 Home Value: $757,954

  • Yearly Mortgage: $48,556.46

  • Minimum Salary Needed to Comfortably Afford Mansion: $197,226.04

Darwin Brandis / iStock.com
Darwin Brandis / iStock.com

North Carolina

  • 5+ Bedroom 2024 Home Value: $691,601

  • Yearly Mortgage: $44,305.76

  • Minimum Salary Needed to Comfortably Afford Mansion: $166,589.64

North Dakota

  • 5+ Bedroom 2024 Home Value: $423,683

  • Yearly Mortgage: $27,142.20

  • Minimum Salary Needed to Comfortably Afford Mansion: $104,314.28

Ohio

  • 5+ Bedroom 2024 Home Value: $431,977

  • Yearly Mortgage: $27,673.57

  • Minimum Salary Needed to Comfortably Afford Mansion: $115,140.01

Be Aware: 4 Reasons You Might Regret Buying a Home in Florida

Oklahoma

  • 5+ Bedroom 2024 Home Value: $463,854

  • Yearly Mortgage: $29,715.67

  • Minimum Salary Needed to Comfortably Afford Mansion: $112,813.22

Oregon

  • 5+ Bedroom 2024 Home Value: $751,449

  • Yearly Mortgage: $48,139.75

  • Minimum Salary Needed to Comfortably Afford Mansion: $183,760.76

Pennsylvania

  • 5+ Bedroom 2024 Home Value: $490,919

  • Yearly Mortgage: $31,449.54

  • Minimum Salary Needed to Comfortably Afford Mansion: $129,214.09

Rhode Island

  • 5+ Bedroom 2024 Home Value: $775,953

  • Yearly Mortgage: $49,709.57

  • Minimum Salary Needed to Comfortably Afford Mansion: $201,909.71

South Carolina

  • 5+ Bedroom 2024 Home Value: $555,380

  • Yearly Mortgage: $35,579.10

  • Minimum Salary Needed to Comfortably Afford Mansion: $129,149.24

Good To Know: 5 Midwest Cities Where You Can Buy Luxury Homes for $100,000 or Less

South Dakota

  • 5+ Bedroom 2024 Home Value: $485,491

  • Yearly Mortgage: $31,101.79

  • Minimum Salary Needed to Comfortably Afford Mansion: $122,606.77

Tennessee

  • 5+ Bedroom 2024 Home Value: $650,497

  • Yearly Mortgage: $41,672.50

  • Minimum Salary Needed to Comfortably Afford Mansion: $153,436.10

Texas

  • 5+ Bedroom 2024 Home Value: $629,677

  • Yearly Mortgage: $40,338.73

  • Minimum Salary Needed to Comfortably Afford Mansion: $169,724.36

Utah

  • 5+ Bedroom 2024 Home Value: $686,466

  • Yearly Mortgage: $43,976.81

  • Minimum Salary Needed to Comfortably Afford Mansion: $159,632.23

Vermont

  • 5+ Bedroom 2024 Home Value: $593,253

  • Yearly Mortgage: $38,005.30

  • Minimum Salary Needed to Comfortably Afford Mansion: $162,872.74

For You: Don’t Buy a House in These 10 US Cities: Growing Populations and Overcrowding

Virginia

  • 5+ Bedroom 2024 Home Value: $793,798

  • Yearly Mortgage: $50,852.76

  • Minimum Salary Needed to Comfortably Afford Mansion: $192,529.33

Washington

  • 5+ Bedroom 2024 Home Value: $898,150

  • Yearly Mortgage: $57,537.83

  • Minimum Salary Needed to Comfortably Afford Mansion: $217,839.13

West Virginia

  • 5+ Bedroom 2024 Home Value: $331,971

  • Yearly Mortgage: $21,266.92

  • Minimum Salary Needed to Comfortably Afford Mansion: $77,197.19

Wisconsin

  • 5+ Bedroom 2024 Home Value: $436,321

  • Yearly Mortgage: $27,951.87

  • Minimum Salary Needed to Comfortably Afford Mansion: $116,588.81

Wyoming

  • 5+ Bedroom 2024 Home Value: $497,736

  • Yearly Mortgage:  $31,886.26

  • Minimum Salary Needed to Comfortably Afford Mansion: $115,578.62

Methodology: For this piece, GOBankingRates looked at every state’s 2024 typical home value for 5+ bedroom homes as sourced from Zillow’s April 2024 data. With these figures found, GOBankingRates then found the monthly and yearly mortgage costs by assuming a 30-year fixed rate mortgage with a fixed rate of 7.03% as sourced from Freddie Mac on May 30, 2024. GOBankingRates then found each state’s average property tax rate as sourced from Tax Foundation and then calculated total yearly housing costs of both a yearly mortgage and property tax. GOBankingRates then found the minimum salary needed to afford a mansion in every state by assuming one would not want to spend more than 30% of gross income on housing. All data is collected and up-to-date as of June 4, 2024.

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This article originally appeared on GOBankingRates.com: How Much Money You Need To Make To Buy a Mansion in Every State in 2024

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