By TJ L’Heureux | Phoenix New Times
In the last five years, the amount of money you need to buy a home in Arizona has skyrocketed. But now that owning a home in Arizona is expensive, how does the quest to own a home here compare to other states across the country?
Using data from the Bureau of Economic Analysis and the 2023 American Community Survey, Long Island-based real estate company Leave The Key attempted to answer that. In a new analysis, the firm ranked states by how long it would take average earners to save up money to buy a median-priced home.
To compile that ranking, Leave The Key used the average monthly income for each state and subtracted monthly expenses like rent, food, utilities and more. It then used what was left to calculate how long it would take to save enough for a 10% down payment on a median-priced house. This approach obviously doesn’t account for changes over time in metrics like income and home prices, but it offers a decent snapshot of housing affordability.
US inflation rose in June as Trump’s tariffs start to show in prices
July 15, 2025
By Lauren Aratani | The Guardian Inflation accelerated in June as the impacts of Donald Trump’s tariffs slowly started to show in US prices. Business
