News Release

CHARLOTTE, N.C. — Which 10 states spend the least amount of money on home improvements in America? A new list identifies the 10, and Indiana ranks No. 9 on it.

A recent study by the Contractor Growth Network analyzed home improvement expenditures compared to the median household income across every state, as reported in the Consensus Business Builder between December 2021 to December 2022.

Following is the entire list:

10. Ohio. Ohio is the 10th state spending the most on home improvements across America. Home to 11.7 million people, households in this state spend an estimated $3,034 annually; this is 4.8% of the median household income ($61,938).

9. Indiana. With a population of 6.8 million, Indiana households spend $2,967 on yearly home improvements, the study found. This is 4.7% of the median household income, which is $61,944, the lowest out of the top 10 list.

8. Oklahoma. In eighth place, with a population of 3.9 million, Oklahoma households spend an estimated $2,935 on home makeovers. The data shows that this amounts to 5.1% of the median household income, which is $56,956.

7. Alabama. Alabama comes in seventh place as the state spending the least on home improvements. The state, which has a population of 5 million, spends an estimated $2,874 per year on home renovations. This is 5.2% of the median household income of Alabama ($54,943).

6. Kentucky. In sixth place is Kentucky. The state, with a total population of 4.5 million, has a median household income of $55,454; each household spends $2,845 on home improvements, totaling 5.1% of the median household income.

5. New Mexico. New Mexico takes fifth place. Home to 2.1 million people with a median household income of $54,020, households spend $2,839 annually on home improvements. This equates to 5.2% of the median annual income.

4. Louisiana. Louisiana comes in fourth place. The southern state, with a population of 4.6 million, spends 5.2% of the median household income ($53,571) on home improvements, totaling $2,834 annually.

3. West Virginia. West Virginia, home to 1.7 million people, takes the bronze medal. The median household income is $50,884, and each household spends 5.4% of its median income on home makeovers, totaling $2,770 per year.

2. Arkansas. In second place is Arkansas. The state is home to 3 million people, where households spend $2,705 per year on home improvements. This is 5.1% of the median household income in Arkansas, $52,123.

1. Mississippi. Mississippi is spending the least amount of money on home improvements. The state, which has a population of 2.95 million, is spending an estimated $2,547 per year on renovations, which is 5.1% of the median household income ($49,111).

Contractor Growth Network noted in a news release that the study highlights the states investing the least amount of money in home improvements; however, while these states pay less than others, the percentage of the money paid compared to median household income is similar, if not the same or higher, as the states spending the most on home improvements. The organization also noted that while the states in the survey spend less on home improvements, all areas across the country reserve a similar proportion of household income to spend.