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Recent study reveals average money spent on mortgage payments in the U.S.

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A recent study conducted by SelfStorage.com has revealed the percentage of income that people from different states in the U.S. spend on their mortgage payments.
The study analyzed the average home values, loan amounts, and incomes in each state to establish the average monthly mortgage payments nationwide.
The research shows that Indiana mortgage holders take out an average loan of $193,580 and pay an average monthly payment of $1,289, which constitutes 24.66% of the state’s average monthly income of $5,228.
This makes Indiana the tenth-most affordable state for mortgage payments in the country.

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1 comment

Bob November 26, 2023 at 2:37 pm

Are you serious? Never paid more than $205.00

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