Income to Afford a $670,000 House

How much do you need to make to be able to afford a house that costs $670,000?
Purchase price
$
Down payment
$
Interest rate
%
Pct of income
for housing
%
Term of loan
Results
To afford a house that costs $670,000 with a down payment of $134,000, you'd need to earn $145,195 per year before tax.
The mortgage payment would be $3,388 / month.
Salary needed for 670,000 dollar mortgage.
Note: This calculator is for fixed-rate mortgages. Adjustable-rate mortgages, or ARMs, may allow you to acheive lower payments in the short term. However, with ARMs, your monthly payment may increase if interest rates rise.
Note: 28% is the standard percentage of pre-tax income to spend on housing.
What is the income needed to buy a $670,000 house?
Annual income needed by down payment and interest rate
5.00% 5.50% 6.00% 6.50% 7.00% 7.50%
0% down $154,144 $163,037 $172,157 $181,494 $191,037 $200,774
5% down $146,437 $154,885 $163,549 $172,419 $181,485 $190,736
10% down $138,730 $146,733 $154,941 $163,344 $171,933 $180,697
15% down $131,023 $138,581 $146,333 $154,270 $162,381 $170,658
20% down $123,316 $130,429 $137,725 $145,195 $152,829 $160,620
25% down $115,608 $122,277 $129,117 $136,120 $143,278 $150,581
30% down $107,901 $114,126 $120,510 $127,046 $133,726 $140,542
35% down $100,194 $105,974 $111,902 $117,971 $124,174 $130,503
40% down $92,487 $97,822 $103,294 $108,896 $114,622 $120,465
45% down $84,779 $89,670 $94,686 $99,822 $105,070 $110,426
50% down $77,072 $81,518 $86,078 $90,747 $95,518 $100,387
Average House Price by State
What's the median price for a home in all 50 states? Source: Zillow, June 2023
State Price
Hawaii $837,324
California $743,362
Massachusetts $587,875
Washington $577,353
Colorado $543,143
Utah $510,934
Oregon $498,558
New Jersey $484,467
New Hampshire $446,839
Montana $446,602
Idaho $442,820
New York $441,462
Rhode Island $432,888
Arizona $420,494
Nevada $416,340
Maryland $405,562
Florida $390,856
State Price
Maine $383,137
Vermont $380,266
Connecticut $374,599
Virginia $371,623
Delaware $370,405
Alaska $351,218
Wyoming $338,216
Minnesota $331,190
North Carolina $320,096
Georgia $318,919
Tennessee $311,628
Texas $303,971
South Dakota $296,109
New Mexico $292,822
South Carolina $288,816
Wisconsin $285,037
Pennsylvania $255,965
State Price
Nebraska $254,916
North Dakota $251,062
Illinois $250,542
Missouri $238,055
Michigan $235,361
Indiana $231,660
Alabama $223,246
Ohio $218,667
Kansas $215,642
Iowa $211,054
Kentucky $200,955
Louisiana $200,370
Arkansas $199,636
Oklahoma $198,936
Mississippi $172,654
West Virginia $155,773