Housing costs in the states most likely to determine this year’s presidential election have risen by 92 percent since 2020, according to data from Redfin. The median monthly housing payment for homebuyers in this year’s swing states — Arizona, Nevada, Wisconsin, Michigan, Pennsylvania, Georgia and North Carolina — is now at an all-time high of $2,161 as home prices and mortgage rates have increased. A family in a swing state needs to earn at least $86,421 a year if they want to follow the commonly accepted rule that households should spend 30 percent of their income on housing, according to Redfin. That’s nearly double the income a family in a swing state needed in 2020 — $45
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