P
Pulsafi

What salary do I need to buy a house in New York?

Quick answer

Median NYC home prices vary wildly by borough: Manhattan ~$1.5M, Brooklyn ~$900K, Queens ~$700K. To buy in Brooklyn at $900K with 20% down: P&I ~$4,551/month, requiring ~$195K salary. For Manhattan median: $325K+ salary needed comfortably.

More context

Median NYC home prices vary wildly by borough: Manhattan ~$1.5M, Brooklyn ~$900K, Queens ~$700K. To buy in Brooklyn at $900K with 20% down: P&I ~$4,551/month, requiring ~$195K salary. For Manhattan median: $325K+ salary needed comfortably. The exact answer depends on your specific situation — the numbers above are a strong starting point, but the right next step is to plug in your actual figures.

For a deeper analysis, use one of the related tools below — they take your specific income, debt, location, and goals as inputs and produce a tailored answer.

Run your own numbers
Rent vs Buy Calculator

Related questions

Is $200K a good salary in New York City?What salary do I need to buy a house in San Francisco?

More about Real Estate

Is now a good time to buy a house?Should I rent or buy?What salary do I need to buy a house in San Francisco?