By Emmie Martin
Millennials aren’t becoming home owners as quickly as their predecessors. One major reason: They simply can’t afford it.
In pricey states such as Hawaii or California, saving up to buy a home could take millennials up to a decade. However, in other more affordable locations, such as West Virginia and Ohio, the process can take as little as two and a half years.
That’s according to new data, which identified the most and least affordable states for millennials to buy homes by analyzing home listing price data from Zillow. Income used the national median income for millennials, $60,932, to determine how long it would take to save for a 20 percent down payment, assuming 20 percent monthly savings.
Although salaries, like home prices, vary from state to state, the data provides a benchmark for understanding how far a typical millennial salary can go.
Here’s how long it will take 25- to 34-year-olds to become homeowners in every U.S. state.
Alabama
Number of years to save for a down payment: 3.2
Median list price: $$193,900
Monthly mortgage payment: $881
Alaska
Number of years to save for a down payment: 4.5
Median list price: $275,000
Monthly mortgage payment: $1,236
Arizona
Number of years to save for a down payment: 4.4
Median list price: $269,875
Monthly mortgage payment: $1,192
Arkansas
Number of years to save for a down payment: 2.7
Median list price: $164,900
Monthly mortgage payment: $757
California
Number of years to save for a down payment: 8.2
Median list price: $499,950
Monthly mortgage payment: $2,168
Colorado
Number of years to save for a down payment: 6.7
Median list price: $408,068
Monthly mortgage payment: $1,780
Connecticut
Number of years to save for a down payment: 5.1
Median list price: $309,900
Monthly mortgage payment: $1,359
Delaware
Number of years to save for a down payment: 4.6
Median list price: $277,900
Monthly mortgage payment: $1,206
Florida
Number of years to save for a down payment: 4.7
Median list price: $283,990
Monthly mortgage payment: $1,241
Georgia
Number of years to save for a down payment: 3.9
Median list price: $236,900
Monthly mortgage payment: $1,206
Hawaii
Number of years to save for a down payment: 9.8
Median list price: $599,000
Monthly mortgage payment: $2,584
Idaho
Number of years to save for a down payment: 4.3
Median list price: $265,000
Monthly mortgage payment: $1,160
Illinois
Number of years to save for a down payment: 3.5
Median list price: $214,900
Monthly mortgage payment: $951
Indiana
Number of years to save for a down payment: 2.7
Median list price: $167,000
Monthly mortgage payment: $757
Iowa
Number of years to save for a down payment: 2.8
Median list price: $169,000
Monthly mortgage payment: $766
Kansas
Number of years to save for a down payment: 2.8
Median list price: $169,900
Monthly mortgage payment: $766
Kentucky
Number of years to save for a down payment: 2.8
Median list price: $169,900
Monthly mortgage payment: $765
Louisiana
Number of years to save for a down payment: 3.3
Median list price: $204,000
Monthly mortgage payment: $903
Maine
Number of years to save for a down payment: 3.9
Median list price: $234,900
Monthly mortgage payment: $1,029
Maryland
Number of years to save for a down payment: 5
Median list price: $302,900
Monthly mortgage payment: $1,311
Massachusetts
Number of years to save for a down payment: 6.9
Median list price: $419,900
Monthly mortgage payment: $1,833
Michigan
Number of years to save for a down payment: 2.8
Median list price: $169,900
Monthly mortgage payment: $767
Minnesota
Number of years to save for a down payment: 4.1
Median list price: $249,000
Monthly mortgage payment: $1,093
Mississippi
Number of years to save for a down payment: 2.9
Median list price: $175,000
Monthly mortgage payment: $789
Missouri
Number of years to save for a down payment: 2.8
Median list price: $169,900
Monthly mortgage payment: $768
Montana
Number of years to save for a down payment: 4.9
Median list price: $299,500
Monthly mortgage payment: $1,308
Nebraska
Number of years to save for a down payment: 3.2
Median list price: $197,500
Monthly mortgage payment: $881
Nevada
Number of years to save for a down payment: 4.8
Median list price: $295,000
Monthly mortgage payment: $1,286
New Hampshire
Number of years to save for a down payment: 4.6
Median list price: $279,000
Monthly mortgage payment: $1,214
New Jersey
Number of years to save for a down payment: 4.9
Median list price: $299,000
Monthly mortgage payment: $1,323
New Mexico
Number of years to save for a down payment: 3.7
Median list price: $222,900
Monthly mortgage payment: $980
New York
Number of years to save for a down payment: 5.6
Median list price: $339,000
Monthly mortgage payment: $1,501
North Carolina
Number of years to save for a down payment: 4.1
Median list price: $249,900
Monthly mortgage payment: $1,094
North Dakota
Number of years to save for a down payment:
Median list price: $
Monthly mortgage payment:
Ohio
Number of years to save for a down payment: 2.5
Median list price: $154,900
Monthly mortgage payment: $704
Oklahoma
Number of years to save for a down payment: 3
Median list price: $179,900
Monthly mortgage payment: $810
Oregon
Number of years to save for a down payment: 5.8
Median list price: $352,000
Monthly mortgage payment: $1,551
Pennsylvania
Number of years to save for a down payment: 3.1
Median list price: $189,900
Monthly mortgage payment: $846
Rhode Island
Number of years to save for a down payment: 4.9
Median list price: $298,000
Monthly mortgage payment: $1,292
South Carolina
Number of years to save for a down payment: 3.9
Median list price: $239,000
Monthly mortgage payment: $1,046
South Dakota
Number of years to save for a down payment: 3.5
Median list price: $215,000
Monthly mortgage payment: $962
Tennessee
Number of years to save for a down payment: 3.7
Median list price: $225,000
Monthly mortgage payment: $993
Texas
Number of years to save for a down payment: 4.4
Median list price: $269,000
Monthly mortgage payment: $1,170
Utah
Number of years to save for a down payment: 5.4
Median list price: $329,500
Monthly mortgage payment: $1,460
Vermont
Number of years to save for a down payment: 4.1
Median list price: $249,000
Monthly mortgage payment: $1,095
Virginia
Number of years to save for a down payment: 4.9
Median list price: $297,970
Monthly mortgage payment: $1,291
Washington
Number of years to save for a down payment: 5.7
Median list price: $350,000
Monthly mortgage payment: $1,542
West Virginia
Number of years to save for a down payment: 2.5
Median list price: $150,000
Monthly mortgage payment: $693
Wisconsin
Number of years to save for a down payment: 3.2
Median list price: $195,000
Monthly mortgage payment: $868
Wyoming
Number of years to save for a down payment: 3.9
Median list price: $239,000
Monthly mortgage payment: $1,059
