Income to Afford a $800,000 House

How much do you need to make to be able to afford a house that costs $800,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $800,000 with a down payment of $160,000, you'd need to earn $119,371 per year before tax.
The monthly mortgage payment would be $2,785.

Salary needed for 800,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $800,000. 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 $800,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $135,470 $139,968 $144,550 $149,214 $153,958 $158,782 $163,685 $168,665 $173,721
$40,000 $128,697 $132,970 $137,322 $141,753 $146,260 $150,843 $155,501 $160,232 $165,035
$80,000 $121,923 $125,972 $130,095 $134,292 $138,562 $142,904 $147,317 $151,799 $156,349
$120,000 $115,150 $118,973 $122,867 $126,832 $130,864 $134,965 $139,132 $143,365 $147,663
$160,000 $108,376 $111,975 $115,640 $119,371 $123,167 $127,026 $130,948 $134,932 $138,977
$200,000 $101,603 $104,976 $108,412 $111,910 $115,469 $119,087 $122,764 $126,499 $130,291
$240,000 $94,829 $97,978 $101,185 $104,450 $107,771 $111,148 $114,580 $118,066 $121,604
$280,000 $88,056 $90,979 $93,957 $96,989 $100,073 $103,209 $106,395 $109,632 $112,918
$320,000 $81,282 $83,981 $86,730 $89,528 $92,375 $95,269 $98,211 $101,199 $104,232
$360,000 $74,509 $76,983 $79,502 $82,067 $84,677 $87,330 $90,027 $92,766 $95,546
$400,000 $67,735 $69,984 $72,275 $74,607 $76,979 $79,391 $81,843 $84,333 $86,860
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