Income to Afford a $155,000 House

How much do you need to make to be able to afford a house that costs $155,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $155,000 with a down payment of $31,000, you'd need to earn $23,128 per year before tax.
The monthly mortgage payment would be $540.

Salary needed for 155,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $155,000. It assumes a fixed-rate mortgage.

A good rule of thumb is to spend no more than 28% of your pre-tax income on your mortgage payment.

What is the income needed to buy a $155,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $26,247 $27,119 $28,007 $28,910 $29,829 $30,764 $31,714 $32,679 $33,658
$7,750 $24,935 $25,763 $26,606 $27,465 $28,338 $29,226 $30,128 $31,045 $31,975
$15,500 $23,623 $24,407 $25,206 $26,019 $26,846 $27,688 $28,543 $29,411 $30,293
$23,250 $22,310 $23,051 $23,806 $24,574 $25,355 $26,149 $26,957 $27,777 $28,610
$31,000 $20,998 $21,695 $22,405 $23,128 $23,864 $24,611 $25,371 $26,143 $26,927
$38,750 $19,685 $20,339 $21,005 $21,683 $22,372 $23,073 $23,786 $24,509 $25,244
$46,500 $18,373 $18,983 $19,605 $20,237 $20,881 $21,535 $22,200 $22,875 $23,561
$54,250 $17,061 $17,627 $18,204 $18,792 $19,389 $19,997 $20,614 $21,241 $21,878
$62,000 $15,748 $16,271 $16,804 $17,346 $17,898 $18,458 $19,028 $19,607 $20,195
$69,750 $14,436 $14,915 $15,404 $15,901 $16,406 $16,920 $17,443 $17,973 $18,512
$77,500 $13,124 $13,559 $14,003 $14,455 $14,915 $15,382 $15,857 $16,339 $16,829
Average Home Price by State
Source: Zillow.com, December 2020
State Price
Hawaii$673,344
California$617,633
Massachusetts$470,610
Washington$463,856
Colorado$436,751
Oregon$397,363
Utah$395,205
New Jersey$372,870
New York$346,973
Idaho$339,238
Maryland$338,169
Rhode Island$337,100
Nevada$329,465
New Hampshire$326,908
Montana$320,351
Arizona$309,122
Virginia$305,509
Alaska$300,283
Connecticut$285,853
Delaware$281,923
Minnesota$279,516
Vermont$275,472
Maine$272,886
Florida$267,296
Wyoming$261,262
North Dakota$238,112
New Mexico$226,941
South Dakota$224,126
North Carolina$222,909
Texas$222,237
Georgia$221,471
Illinois$218,622
Pennsylvania$213,499
Wisconsin$211,598
Tennessee$205,068
South Carolina$204,967
Nebraska$190,827
Michigan$190,052
Missouri$178,656
Louisiana$178,041
Indiana$171,240
Ohio$166,358
Kansas$166,254
Kentucky$158,685
Iowa$158,239
Alabama$157,366
Arkansas$141,095
Oklahoma$140,511
Mississippi$133,213
West Virginia$113,124