Income to Afford a $180,000 House

How much do you need to make to be able to afford a house that costs $180,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $180,000 with a down payment of $36,000, you'd need to earn $26,858 per year before tax.
The monthly mortgage payment would be $627.

Salary needed for 180,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $180,000. 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 $180,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $30,481 $31,493 $32,524 $33,573 $34,641 $35,726 $36,829 $37,950 $39,087
$9,000 $28,957 $29,918 $30,898 $31,894 $32,909 $33,940 $34,988 $36,052 $37,133
$18,000 $27,433 $28,344 $29,271 $30,216 $31,177 $32,153 $33,146 $34,155 $35,178
$27,000 $25,909 $26,769 $27,645 $28,537 $29,445 $30,367 $31,305 $32,257 $33,224
$36,000 $24,385 $25,194 $26,019 $26,858 $27,712 $28,581 $29,463 $30,360 $31,270
$45,000 $22,861 $23,620 $24,393 $25,180 $25,980 $26,795 $27,622 $28,462 $29,315
$54,000 $21,337 $22,045 $22,767 $23,501 $24,248 $25,008 $25,780 $26,565 $27,361
$63,000 $19,812 $20,470 $21,140 $21,822 $22,516 $23,222 $23,939 $24,667 $25,407
$72,000 $18,288 $18,896 $19,514 $20,144 $20,784 $21,436 $22,098 $22,770 $23,452
$81,000 $16,764 $17,321 $17,888 $18,465 $19,052 $19,649 $20,256 $20,872 $21,498
$90,000 $15,240 $15,746 $16,262 $16,787 $17,320 $17,863 $18,415 $18,975 $19,544
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