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
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $450,000 with a down payment of $90,000, you'd need to earn $67,146 per year before tax.
The monthly mortgage payment would be $1,567.

Salary needed for 450,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $450,000. 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 $450,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $76,202 $78,732 $81,309 $83,933 $86,601 $89,315 $92,073 $94,874 $97,718
$22,500 $72,392 $74,796 $77,244 $79,736 $82,271 $84,849 $87,469 $90,130 $92,832
$45,000 $68,582 $70,859 $73,178 $75,539 $77,941 $80,384 $82,866 $85,387 $87,946
$67,500 $64,772 $66,922 $69,113 $71,343 $73,611 $75,918 $78,262 $80,643 $83,060
$90,000 $60,962 $62,986 $65,047 $67,146 $69,281 $71,452 $73,658 $75,899 $78,174
$112,500 $57,151 $59,049 $60,982 $62,949 $64,951 $66,986 $69,055 $71,156 $73,288
$135,000 $53,341 $55,113 $56,917 $58,753 $60,621 $62,521 $64,451 $66,412 $68,403
$157,500 $49,531 $51,176 $52,851 $54,556 $56,291 $58,055 $59,847 $61,668 $63,517
$180,000 $45,721 $47,239 $48,786 $50,360 $51,961 $53,589 $55,244 $56,924 $58,631
$202,500 $41,911 $43,303 $44,720 $46,163 $47,631 $49,123 $50,640 $52,181 $53,745
$225,000 $38,101 $39,366 $40,655 $41,966 $43,301 $44,658 $46,036 $47,437 $48,859
Average Home Price by State
Source: Zillow.com, February 2022
State Price
Hawaii $887,662
California $872,894
Washington $663,136
Massachusetts $608,499
Colorado $599,500
Utah $580,251
Oregon $527,374
Idaho $500,708
New Jersey $478,426
Nevada $465,945
Montana $461,868
Rhode Island $461,200
Arizona $453,645
New York $448,151
New Hampshire $434,551
Maryland $416,409
Virginia $406,488
Florida $396,641
Connecticut $383,392
Maine $372,263
Delaware $359,450
Vermont $358,071
Wyoming $340,039
Minnesota $336,830
Alaska $326,656
Texas $323,290
North Carolina $321,603
Georgia $316,790
New Mexico $302,730
Tennessee $302,480
South Carolina $298,971
South Dakota $295,855
Pennsylvania $278,702
North Dakota $276,009
Illinois $269,935
Wisconsin $268,418
Michigan $245,105
Nebraska $242,576
Missouri $234,970
Indiana $226,180
Louisiana $220,642
Kansas $219,302
Ohio $218,554
Alabama $211,743
Kentucky $203,256
Iowa $198,353
Arkansas $185,323
Oklahoma $182,731
Mississippi $176,906
West Virginia $144,935