Income to Afford a $90,000 House

How much do you need to make to be able to afford a house that costs $90,000?
Purchase price
$
Down payment
$
Interest rate
%
Pct of income
for housing
%
Term of loan
Results
To afford a house that costs $90,000 with a down payment of $18,000, you'd need to earn $19,504 per year before tax.
The mortgage payment would be $455 / month.
Salary needed for 90,000 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 $90,000 house?
Annual income needed by down payment and interest rate
5.00% 5.50% 6.00% 6.50% 7.00% 7.50%
0% down $20,706 $21,900 $23,126 $24,380 $25,662 $26,970
5% down $19,671 $20,805 $21,969 $23,161 $24,379 $25,621
10% down $18,635 $19,710 $20,813 $21,942 $23,096 $24,273
15% down $17,600 $18,615 $19,657 $20,723 $21,812 $22,924
20% down $16,565 $17,520 $18,500 $19,504 $20,529 $21,576
25% down $15,529 $16,425 $17,344 $18,285 $19,246 $20,227
30% down $14,494 $15,330 $16,188 $17,066 $17,963 $18,879
35% down $13,459 $14,235 $15,032 $15,847 $16,680 $17,530
40% down $12,424 $13,140 $13,875 $14,628 $15,397 $16,182
45% down $11,388 $12,045 $12,719 $13,409 $14,114 $14,833
50% down $10,353 $10,950 $11,563 $12,190 $12,831 $13,485
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