Income to Afford a $185,000 House

How much do you need to make to be able to afford a house that costs $185,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $185,000 with a down payment of $37,000, you'd need to earn $27,605 per year before tax.
The monthly mortgage payment would be $644.

Salary needed for 185,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $185,000. 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 $185,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $31,327 $32,368 $33,427 $34,506 $35,603 $36,718 $37,852 $39,004 $40,173
$9,250 $29,761 $30,749 $31,756 $32,780 $33,823 $34,883 $35,960 $37,054 $38,164
$18,500 $28,195 $29,131 $30,084 $31,055 $32,043 $33,047 $34,067 $35,103 $36,156
$27,750 $26,628 $27,513 $28,413 $29,330 $30,262 $31,211 $32,174 $33,153 $34,147
$37,000 $25,062 $25,894 $26,742 $27,605 $28,482 $29,375 $30,282 $31,203 $32,138
$46,250 $23,496 $24,276 $25,070 $25,879 $26,702 $27,539 $28,389 $29,253 $30,130
$55,500 $21,929 $22,657 $23,399 $24,154 $24,922 $25,703 $26,497 $27,303 $28,121
$64,750 $20,363 $21,039 $21,728 $22,429 $23,142 $23,867 $24,604 $25,352 $26,112
$74,000 $18,796 $19,421 $20,056 $20,703 $21,362 $22,031 $22,711 $23,402 $24,104
$83,250 $17,230 $17,802 $18,385 $18,978 $19,582 $20,195 $20,819 $21,452 $22,095
$92,500 $15,664 $16,184 $16,714 $17,253 $17,801 $18,359 $18,926 $19,502 $20,086
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