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

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.

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.

• 5+ Bedroom 2024 Home Value: $516,613
• Yearly Mortgage: $33,095.53
• Minimum Salary Needed to Comfortably Afford Mansion: $117,206.61

• 5+ Bedroom 2024 Home Value: $565,010
• Yearly Mortgage: $36,195.99 
• Minimum Salary Needed to Comfortably Afford Mansion: $140,240.31

• 5+ Bedroom 2024 Home Value: $717,201
• Yearly Mortgage: $45,945.77 
• Minimum Salary Needed to Comfortably Afford Mansion: $168,213.78 

• 5+ Bedroom 2024 Home Value: $515,890
• Yearly Mortgage: $33,049.24 
• Minimum Salary Needed to Comfortably Afford Mansion: $121,169.79

• 5+ Bedroom 2024 Home Value: $1,275,865
• Yearly Mortgage: $81,735.21 
• Minimum Salary Needed to Comfortably Afford Mansion: $304,347.31 

• 5+ Bedroom 2024 Home Value: $793,397
• Yearly Mortgage: $50,827.04 
• Minimum Salary Needed to Comfortably Afford Mansion: $183,969.09 

• 5+ Bedroom 2024 Home Value: $903,221
• Yearly Mortgage: $57,862.67 
• Minimum Salary Needed to Comfortably Afford Mansion: $246,767.75 

• 5+ Bedroom 2024 Home Value: $662,439
• Yearly Mortgage: $42,437.52 
• Minimum Salary Needed to Comfortably Afford Mansion: $154,927.97

• 5+ Bedroom 2024 Home Value: $1,684,043
• Yearly Mortgage: $107,884.14 
• Minimum Salary Needed to Comfortably Afford Mansion: $394,417.34 

• 5+ Bedroom 2024 Home Value: $792,835
• Yearly Mortgage: $50,791.03 
• Minimum Salary Needed to Comfortably Afford Mansion: $193,352.76 

• 5+ Bedroom 2024 Home Value: $595,640
• Yearly Mortgage: $38,158.25 
• Minimum Salary Needed to Comfortably Afford Mansion: $145,460.49 

• 5+ Bedroom 2024 Home Value: $1,296,029
• Yearly Mortgage: $83,026.98 
• Minimum Salary Needed to Comfortably Afford Mansion: $290,580.90

• 5+ Bedroom 2024 Home Value: $589,189
• Yearly Mortgage: $37,744.98 
• Minimum Salary Needed to Comfortably Afford Mansion: $138,975.15 

• 5+ Bedroom 2024 Home Value: $518,952
• Yearly Mortgage: $33,245.42 
• Minimum Salary Needed to Comfortably Afford Mansion: $146,798.77

• 5+ Bedroom 2024 Home Value: $462,479
• Yearly Mortgage: $29,627.61 
• Minimum Salary Needed to Comfortably Afford Mansion: $111,708.12 

• 5+ Bedroom 2024 Home Value: $420,447
• Yearly Mortgage: $26,934.92 
• Minimum Salary Needed to Comfortably Afford Mansion: $111,085.71

• 5+ Bedroom 2024 Home Value: $422,906
• Yearly Mortgage: $27,092.46 
• Minimum Salary Needed to Comfortably Afford Mansion: $109,198.00 

• 5+ Bedroom 2024 Home Value: $465,327
• Yearly Mortgage: $29,810.06 
• Minimum Salary Needed to Comfortably Afford Mansion: $112,240.92 

• 5+ Bedroom 2024 Home Value: $442,193
• Yearly Mortgage: $28,328.03 
• Minimum Salary Needed to Comfortably Afford Mansion: $102,681.04 

• 5+ Bedroom 2024 Home Value: $619,967
• Yearly Mortgage: $39,716.71 
• Minimum Salary Needed to Comfortably Afford Mansion: $158,014.35 

• 5+ Bedroom 2024 Home Value: $717,041
• Yearly Mortgage: $45,935.49 
• Minimum Salary Needed to Comfortably Afford Mansion: $178,214.73

• 5+ Bedroom 2024 Home Value: $1,121,529
• Yearly Mortgage: $71,848.03 
• Minimum Salary Needed to Comfortably Afford Mansion: $282,111.52 

• 5+ Bedroom 2024 Home Value: $460,380
• Yearly Mortgage: $29,493.14 
• Minimum Salary Needed to Comfortably Afford Mansion: $119,487.94 

• 5+ Bedroom 2024 Home Value: $536,938
• Yearly Mortgage: $34,397.62 
• Minimum Salary Needed to Comfortably Afford Mansion: $134,525.42 

• 5+ Bedroom 2024 Home Value: $422,486
• Yearly Mortgage: $27,065.57 
• Minimum Salary Needed to Comfortably Afford Mansion: $99,654.10 

• 5+ Bedroom 2024 Home Value: $482,590
• Yearly Mortgage: $30,915.94 
• Minimum Salary Needed to Comfortably Afford Mansion: $119,300.33

• 5+ Bedroom 2024 Home Value: $634,364
• Yearly Mortgage: $40,638.97 
• Minimum Salary Needed to Comfortably Afford Mansion: $151,110.86 

• 5+ Bedroom 2024 Home Value: $438,174
• Yearly Mortgage: $28,070.56 
• Minimum Salary Needed to Comfortably Afford Mansion: $117,376.00 

• 5+ Bedroom 2024 Home Value: $661,334
• Yearly Mortgage: $42,366.76 
• Minimum Salary Needed to Comfortably Afford Mansion: $154,228.78 

• 5+ Bedroom 2024 Home Value: $723,475
• Yearly Mortgage: $46,347.66 
• Minimum Salary Needed to Comfortably Afford Mansion: $201,035.77 

• 5+ Bedroom 2024 Home Value: $1,038,972
• Yearly Mortgage: $66,559.24 
• Minimum Salary Needed to Comfortably Afford Mansion: $299,094.39

• 5+ Bedroom 2024 Home Value: $530,002
• Yearly Mortgage: $33,953.27 
• Minimum Salary Needed to Comfortably Afford Mansion: $125,014.26 

• 5+ Bedroom 2024 Home Value: $757,954
• Yearly Mortgage: $48,556.46 
• Minimum Salary Needed to Comfortably Afford Mansion: $197,226.04 

• 5+ Bedroom 2024 Home Value: $691,601
• Yearly Mortgage: $44,305.76 
• Minimum Salary Needed to Comfortably Afford Mansion: $166,589.64 

• 5+ Bedroom 2024 Home Value: $423,683
• Yearly Mortgage: $27,142.20 
• Minimum Salary Needed to Comfortably Afford Mansion: $104,314.28 

• 5+ Bedroom 2024 Home Value: $431,977
• Yearly Mortgage: $27,673.57 
• Minimum Salary Needed to Comfortably Afford Mansion: $115,140.01

• 5+ Bedroom 2024 Home Value: $463,854
• Yearly Mortgage: $29,715.67 
• Minimum Salary Needed to Comfortably Afford Mansion: $112,813.22 

• 5+ Bedroom 2024 Home Value: $751,449
• Yearly Mortgage: $48,139.75 
• Minimum Salary Needed to Comfortably Afford Mansion: $183,760.76 

• 5+ Bedroom 2024 Home Value: $490,919
• Yearly Mortgage: $31,449.54
• Minimum Salary Needed to Comfortably Afford Mansion: $129,214.09

• 5+ Bedroom 2024 Home Value: $775,953
• Yearly Mortgage: $49,709.57 
• Minimum Salary Needed to Comfortably Afford Mansion: $201,909.71 

• 5+ Bedroom 2024 Home Value: $555,380
• Yearly Mortgage: $35,579.10 
• Minimum Salary Needed to Comfortably Afford Mansion: $129,149.24

• 5+ Bedroom 2024 Home Value: $485,491
• Yearly Mortgage: $31,101.79 
• Minimum Salary Needed to Comfortably Afford Mansion: $122,606.77 

• 5+ Bedroom 2024 Home Value: $650,497
• Yearly Mortgage: $41,672.50 
• Minimum Salary Needed to Comfortably Afford Mansion: $153,436.10 

• 5+ Bedroom 2024 Home Value: $629,677
• Yearly Mortgage: $40,338.73 
• Minimum Salary Needed to Comfortably Afford Mansion: $169,724.36

• 5+ Bedroom 2024 Home Value: $686,466
• Yearly Mortgage: $43,976.81
• Minimum Salary Needed to Comfortably Afford Mansion: $159,632.23

• 5+ Bedroom 2024 Home Value: $593,253
• Yearly Mortgage: $38,005.30 
• Minimum Salary Needed to Comfortably Afford Mansion: $162,872.74

• 5+ Bedroom 2024 Home Value: $793,798
• Yearly Mortgage: $50,852.76 
• Minimum Salary Needed to Comfortably Afford Mansion: $192,529.33 

• 5+ Bedroom 2024 Home Value: $898,150
• Yearly Mortgage: $57,537.83 
• Minimum Salary Needed to Comfortably Afford Mansion: $217,839.13 

• 5+ Bedroom 2024 Home Value: $331,971
• Yearly Mortgage: $21,266.92 
• Minimum Salary Needed to Comfortably Afford Mansion: $77,197.19 

• 5+ Bedroom 2024 Home Value: $436,321
• Yearly Mortgage: $27,951.87 
• Minimum Salary Needed to Comfortably Afford Mansion: $116,588.81 

• 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.