Income to Afford a $750,000 House

How much do you need to make to be able to afford a house that costs $750,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $750,000 with a down payment of $150,000, you'd need to earn $111,910 per year before tax.
The monthly mortgage payment would be $2,611.

Salary needed for 750,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $750,000. 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 $750,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $127,003 $131,220 $135,516 $139,888 $144,336 $148,859 $153,455 $158,124 $162,863
$37,500 $120,653 $124,659 $128,740 $132,893 $137,119 $141,416 $145,782 $150,217 $154,720
$75,000 $114,303 $118,098 $121,964 $125,899 $129,902 $133,973 $138,109 $142,311 $146,577
$112,500 $107,953 $111,537 $115,188 $118,905 $122,685 $126,530 $130,437 $134,405 $138,434
$150,000 $101,603 $104,976 $108,412 $111,910 $115,469 $119,087 $122,764 $126,499 $130,291
$187,500 $95,252 $98,415 $101,637 $104,916 $108,252 $111,644 $115,091 $118,593 $122,147
$225,000 $88,902 $91,854 $94,861 $97,921 $101,035 $104,201 $107,418 $110,686 $114,004
$262,500 $82,552 $85,293 $88,085 $90,927 $93,818 $96,758 $99,746 $102,780 $105,861
$300,000 $76,202 $78,732 $81,309 $83,933 $86,601 $89,315 $92,073 $94,874 $97,718
$337,500 $69,852 $72,171 $74,534 $76,938 $79,385 $81,872 $84,400 $86,968 $89,575
$375,000 $63,502 $65,610 $67,758 $69,944 $72,168 $74,429 $76,727 $79,062 $81,432
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