How much household income is required to buy a standalone single house in your city/town?

[zagor]

Total combined pre-tax income, including spouse or partner if you have one, and assuming no car payments or student loans outstanding.

For my area, I would estimate at least $250K

[Drumlin2001]

If you mean a detached house, we've just spent just over £400k in South east England, needs work. Wasn't many detached properties going cheaper. I was lucky due to having a large down-payment having sold previous house. If I had only had a 10% deposit, £40k, I would have needed a huge wage to get the mortgage.

[slatyb]

Seattle is crazy expensive. Probably a minimum of $200K/year. One of the two bedroom flats in my building is currently listed at $780K.

[goaded]

Buy outright, or be able to pay off a loan for it? There's a huge difference.

[zagor]

To be able to make an acceptable down payment and qualify for a mortgage.

[zagor]

Without starving.

[goaded]

It looks like half a million Euros=$ will get you a nice one with land, half that for a small one or one that needs work. Even at 10% APR, a 25 year morgage is $25,000 a year.

[jamesgoldman]

I don't know, everyone I know who owns property paid cash

[Redstang88]

Just saw an article on that exact question, believe it was something like 370,000

[Redstang88]

Just browsed a few listings, freestanding house here is 2.2-2.4 million on the low end. That means about 11,000/ month mortgage after the minimum 20%, and at the standard 30% rule means you’d need 440k a year
Why do I live here? 😩

[Fromdusktilldawn]

Alone you'd need a pretty well payed job, like more than 4000€/month to be able to buy a house and still have a life after buying it.

[art84]

Maybe $40,000 since houses have gone up in price.

[LazerBean]

At least 40k at most, apparently