Income to Afford a $450,000 House

How much do you need to make to be able to afford a house that costs $450,000?
Purchase price
$
Down payment
$
Interest rate
%
Pct of income
for housing
%
Term of loan
Results
To afford a house that costs $450,000 with a down payment of $90,000, you'd need to earn $97,519 per year before tax.
The mortgage payment would be $2,275 / month.
Salary needed for 450,000 dollar mortgage.
Note: This calculator is for fixed-rate mortgages. Adjustable-rate mortgages, or ARMs, may allow you to acheive lower payments in the short term. However, with ARMs, your monthly payment may increase if interest rates rise.
Note: 28% is the standard percentage of pre-tax income to spend on housing.
What is the income needed to buy a $450,000 house?
Annual income needed by down payment and interest rate
5.00% 5.50% 6.00% 6.50% 7.00% 7.50%
0% down $103,530 $109,502 $115,628 $121,899 $128,308 $134,849
5% down $98,353 $104,027 $109,846 $115,804 $121,893 $128,106
10% down $93,177 $98,552 $104,065 $109,709 $115,478 $121,364
15% down $88,000 $93,077 $98,283 $103,614 $109,062 $114,621
20% down $82,824 $87,602 $92,502 $97,519 $102,647 $107,879
25% down $77,647 $82,127 $86,721 $91,424 $96,231 $101,136
30% down $72,471 $76,652 $80,939 $85,329 $89,816 $94,394
35% down $67,294 $71,176 $75,158 $79,234 $83,400 $87,652
40% down $62,118 $65,701 $69,377 $73,139 $76,985 $80,909
45% down $56,941 $60,226 $63,595 $67,044 $70,570 $74,167
50% down $51,765 $54,751 $57,814 $60,949 $64,154 $67,424
Average House Price by State
What's the median price for a home in all 50 states? Source: Zillow, June 2023
State Price
Hawaii $837,324
California $743,362
Massachusetts $587,875
Washington $577,353
Colorado $543,143
Utah $510,934
Oregon $498,558
New Jersey $484,467
New Hampshire $446,839
Montana $446,602
Idaho $442,820
New York $441,462
Rhode Island $432,888
Arizona $420,494
Nevada $416,340
Maryland $405,562
Florida $390,856
State Price
Maine $383,137
Vermont $380,266
Connecticut $374,599
Virginia $371,623
Delaware $370,405
Alaska $351,218
Wyoming $338,216
Minnesota $331,190
North Carolina $320,096
Georgia $318,919
Tennessee $311,628
Texas $303,971
South Dakota $296,109
New Mexico $292,822
South Carolina $288,816
Wisconsin $285,037
Pennsylvania $255,965
State Price
Nebraska $254,916
North Dakota $251,062
Illinois $250,542
Missouri $238,055
Michigan $235,361
Indiana $231,660
Alabama $223,246
Ohio $218,667
Kansas $215,642
Iowa $211,054
Kentucky $200,955
Louisiana $200,370
Arkansas $199,636
Oklahoma $198,936
Mississippi $172,654
West Virginia $155,773