Income to Afford a $375,000 House

How much do you need to make to be able to afford a house that costs $375,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $375,000 with a down payment of $75,000, you'd need to earn $55,955 per year before tax.
The monthly mortgage payment would be $1,306.

Salary needed for 375,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $375,000. 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 $375,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $63,502 $65,610 $67,758 $69,944 $72,168 $74,429 $76,727 $79,062 $81,432
$18,750 $60,326 $62,330 $64,370 $66,447 $68,560 $70,708 $72,891 $75,109 $77,360
$37,500 $57,151 $59,049 $60,982 $62,949 $64,951 $66,986 $69,055 $71,156 $73,288
$56,250 $53,976 $55,769 $57,594 $59,452 $61,343 $63,265 $65,218 $67,203 $69,217
$75,000 $50,801 $52,488 $54,206 $55,955 $57,734 $59,543 $61,382 $63,249 $65,145
$93,750 $47,626 $49,208 $50,818 $52,458 $54,126 $55,822 $57,546 $59,296 $61,074
$112,500 $44,451 $45,927 $47,430 $48,961 $50,518 $52,101 $53,709 $55,343 $57,002
$131,250 $41,276 $42,647 $44,043 $45,464 $46,909 $48,379 $49,873 $51,390 $52,931
$150,000 $38,101 $39,366 $40,655 $41,966 $43,301 $44,658 $46,036 $47,437 $48,859
$168,750 $34,926 $36,086 $37,267 $38,469 $39,692 $40,936 $42,200 $43,484 $44,787
$187,500 $31,751 $32,805 $33,879 $34,972 $36,084 $37,215 $38,364 $39,531 $40,716
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