A recent study from WalletHub analyzed the state of housing costs in the United States, with the results showing just how much housing affordability varies state-to-state.

"Homeowners and home buyers have faced whiplash over the past few years, with housing prices soaring and interest rates fluctuating from historic lows back up to the highest rates in more than a decade. In the most expensive state, housing costs can take up around 50% of the median income," Chip Lupo, WalletHub writer and analyst, shared in the report.

Their study considered each state's rental and mortgage costs, as well as home energy prices to determine which offer the most affordable housing options.

The states where residents spend the highest percentage of their income on housing, according to WalletHub's analysis, are Hawaii (50.02%), California (43%), Massachusetts (33.67%), Oregon (32.56%) and Washington (32.97%).

In the slideshow above, we'll look at the ten states WalletHub determined spend the lowest percentage of their income on housing.

Home insurance costs across states vary about as widely as home prices. Bankrate reports that the average homeowner in the U.S. pays around $2,424 per year, or about $202 per month, for insurance with a $300,000 dwelling limit; however, residents in some states are paying more than twice the average. Those living in Nebraska pay the highest homeowners' premiums, at an average of $6,587 per year, followed by Louisiana at $6,274 per year and Florida at $5,838 per year.

Residents enjoy the lowest homeowners' insurance rates in Vermont at just $827 per year, followed by Delaware at $966 and Alaska at an average of $1,035 annually.

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