Income to Afford a $330,000 House

How much do you need to make to be able to afford a house that costs $330,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $330,000 with a down payment of $66,000, you'd need to earn $49,240 per year before tax.
The monthly mortgage payment would be $1,149.

Salary needed for 330,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $330,000. 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 $330,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $55,881 $57,737 $59,627 $61,551 $63,508 $65,498 $67,520 $69,574 $71,660
$16,500 $53,087 $54,850 $56,646 $58,473 $60,332 $62,223 $64,144 $66,096 $68,077
$33,000 $50,293 $51,963 $53,664 $55,396 $57,157 $58,948 $60,768 $62,617 $64,494
$49,500 $47,499 $49,076 $50,683 $52,318 $53,982 $55,673 $57,392 $59,138 $60,911
$66,000 $44,705 $46,190 $47,701 $49,240 $50,806 $52,398 $54,016 $55,659 $57,328
$82,500 $41,911 $43,303 $44,720 $46,163 $47,631 $49,123 $50,640 $52,181 $53,745
$99,000 $39,117 $40,416 $41,739 $43,085 $44,455 $45,848 $47,264 $48,702 $50,162
$115,500 $36,323 $37,529 $38,757 $40,008 $41,280 $42,574 $43,888 $45,223 $46,579
$132,000 $33,529 $34,642 $35,776 $36,930 $38,105 $39,299 $40,512 $41,745 $42,996
$148,500 $30,735 $31,755 $32,795 $33,853 $34,929 $36,024 $37,136 $38,266 $39,413
$165,000 $27,941 $28,868 $29,813 $30,775 $31,754 $32,749 $33,760 $34,787 $35,830
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