Whether it’s an extra bedroom, an updated kitchen, or new wood floors, homeowners are spending big money on home improvements.

And new data reveals the states spending the most on home improvements in America.

The study, conducted by 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.

10. Colorado

Colorado is the tenth state spending the most on home improvements across America. The state, with a population of 5.812 million, has a median household income of $80,184, with households spending an estimated $3,929 annually, 4.8% of the median household income.

9. Washington

In ninth place is Washington. The Northeastern state has a population of 7.739 million people, where households spend $4,076 on home improvements per year. This is 4.9% of the median household income, $82,400.

8. New Hampshire

New Hampshire, home to 1.389 million people, ranks as the eighth state spending the most on home improvements. The median household income is $83,449 and households spend $4,145 on home makeovers per year, which equals 4.9% of the median household income.

7. Virginia

Virginia comes in seventh place. The Northeastern state, which is home to 8.642 million people, spends 5.2% of the median income ($80,615) on home improvements, totaling $4,215 per year.

6. California

In sixth place with a population of 39.24 million, Californian households spend an estimated $4,268 on home improvements per year. The data shows that this amounts to 5% of the median household income, which is $84,097.

5. Hawaii

Hawaii takes fifth place. The Ahola State, with a total population of 1.442 million, has a median household income of $93,547; each household spends $4,279 on home improvements, totaling 4.8% of the median yearly income.

4. Connecticut

Connecticut comes in fourth place. Home to 3.61 million residents with a median household income of $83,572, households spend $4,356 on home improvements per year. This equates to 5.2% of the median income.

3. Massachusetts

In third place is Massachusetts, with a population size of 6.95 million and a median household income of $89,026. The research reveals that its residents spend 5% of this income on home makeovers, totaling $4,473 per year.

2. Maryland

Maryland comes in second place as the state spending the most on home improvements. With a population of 6.15 million, households spend an estimated $4,516 per year on home improvements. This is 4.9% of the median household income ($91,431).

1. New Jersey

New Jersey is the state spending the most on home improvements, according to the data. The state, which has a population of 9.23 million, is spending an estimated $4,634 per year on renovations. This equates to 5.1% of the median household income in New Jersey ($89,703).

A spokesperson at Contractor Growth Network commented on the findings: “There has never been a better time to renovate a property in America. Research shows that home improvement market sales amounted to $558.3 billion in 2022, further projected to reach $621.3 billion by 2025.”

“This study highlights the demand for home improvement across the country. Interestingly, New Jersey, Maryland, Massachusetts, and Connecticut dominate the top four, suggesting that home makeovers are more popular on the East Coast.”

 

Rank

State

Consumer expenditure per household

% of median household income

1

New Jersey

$4,634

5.1%

2

Maryland

$4,516

4.9%

3

Massachusetts

$4,473

5%

4

Connecticut

$4,356

5.2%

5

Hawaii

$4,279

4.8%

6

California

$4,268

5%

7

Virginia

$4,215

5.2%

8

New Hampshire

$4,145

4.9%

Sources: Consensus Business Builder, Statista