If you’re the average Louisianan, your monthly mortgage payment is $786, and that’s about 23% of your total household income (which is roughly $41,700). Those figures come from a new report by online lending exchange firm LendingTree that ranks all 50 states and Washington, D.C., based on the average monthly mortgage payment. On it, Louisiana is included in the 10 states with the lowest average payment, and ranks No. 44 overall. Washington, D.C., tops the ranking, with an average mortgage of $1,641 (or 31% of the average household income), followed by Hawaii and California. Nebraska has the lowest average mortgage, at $711. According to the report, Louisiana is also home to the lowest average credit score in the nation, at 729. You can check out a map of average mortgage rates by state online here, and get more a more detailed look at the numbers here.
Today’s poll question: How much is your monthly home mortgage?
