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Strategies & Market Trends : World Outlook

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To: Les H who wrote (48170)	10/8/2025 12:21:40 PM
From: Les H	of 48829

This Is the Salary You Need to Buy a $1M House Home prices have appreciated at a staggering pace over the past few years, and million-dollar properties are becoming more commonplace than luxury. Here's how much you should earn to afford a $1 million house. By Erika Giovanetti \| Reviewed by Tracy Stewart \| Oct. 6, 2025, at 3:30 p.m. Key Takeaways You'll likely need an annual salary of at least $250,000 to finance a $1 million dollar home with a 30-year mortgage, assuming a 20% down payment and low escrow costs. The income required to purchase a million-dollar home varies based on your location, loan amount, mortgage rate and other affordability considerations. It might take a jumbo loan to buy a $1 million home, depending on the property location and size of your down payment. money.usnews.com

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