Pennsylvanians Work 11 Days to Afford Monthly Mortgage

On average, Pennsylvanians must work 11 eight-hour days to afford their monthly mortgage payment, according to an analysis by Visual Capitalist. Findings were based on median hourly wages and home prices, assuming a 30-year mortgage, 5.8% mortgage rate and 6% downpayment. 

The national average is 14 days of work to afford a monthly mortgage payment, with: 

• $22/hour median wage 
• $355,852 median home price 
• $2,431 monthly mortgage 

Data showed that Pennsylvanians need to work fewer days than the national average (11) to afford their monthly mortgage payment. Visual Capitalist bases this conclusion on Pennsylvania’s: 

• $22/hour median wage 
• $266,000 median home price 
• $1,840 monthly mortgage 

This is the 16th lowest number of days nationwide. 

In West Virginia, an average of only seven work days is needed to afford a monthly mortgage payment, compared to 33 days in Hawaii.