Income to Afford a $80,000 House

How much do you need to make to be able to afford a house that costs $80,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $80,000 with a down payment of $16,000, you'd need to earn $11,937 per year before tax.
The monthly mortgage payment would be $279.

Salary needed for 80,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $80,000. 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 $80,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $13,547 $13,997 $14,455 $14,921 $15,396 $15,878 $16,369 $16,867 $17,372
$4,000 $12,870 $13,297 $13,732 $14,175 $14,626 $15,084 $15,550 $16,023 $16,503
$8,000 $12,192 $12,597 $13,009 $13,429 $13,856 $14,290 $14,732 $15,180 $15,635
$12,000 $11,515 $11,897 $12,287 $12,683 $13,086 $13,497 $13,913 $14,337 $14,766
$16,000 $10,838 $11,197 $11,564 $11,937 $12,317 $12,703 $13,095 $13,493 $13,898
$20,000 $10,160 $10,498 $10,841 $11,191 $11,547 $11,909 $12,276 $12,650 $13,029
$24,000 $9,483 $9,798 $10,118 $10,445 $10,777 $11,115 $11,458 $11,807 $12,160
$28,000 $8,806 $9,098 $9,396 $9,699 $10,007 $10,321 $10,640 $10,963 $11,292
$32,000 $8,128 $8,398 $8,673 $8,953 $9,237 $9,527 $9,821 $10,120 $10,423
$36,000 $7,451 $7,698 $7,950 $8,207 $8,468 $8,733 $9,003 $9,277 $9,555
$40,000 $6,774 $6,998 $7,227 $7,461 $7,698 $7,939 $8,184 $8,433 $8,686
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