Is 80K a year a good income?

Is 80K a year a good income?

If you are living in one of the nation’s more expensive cities, 80K may not an especially lavish income by any stretch. Cost of living can include your rent or mortgage, commute expenses, utilities and food.

How much should I pay for a house if I’m 80K?

So, if you make $80,000 a year, you should be looking at homes priced between $240,000 to $320,000. You can further limit this range by figuring out a comfortable monthly mortgage payment. To do this, take your monthly after-tax income, subtract all current debt payments and then multiply that number by 25%.

How much can you afford to pay for a Piti mortgage?

The usual rule of thumb is that you can afford a mortgage two to 2.5 times your annual income. Thats a $120,000 to $150,000 mortgage at $60,000. You also have to be able to afford the monthly mortgage payments, however. You can cover a $1,400 monthly PITI housing payment if your monthly income is $5,000.

What kind of jobs pay 80K a year?

Jobs that pay at least $80K. 1. IT manager. National average salary: $89,377 per year. Primary duties: An IT manager is responsible for managing all of the computer-related … 2. Health center manager. 3. Mathematician. 4. Statistician. 5. Veterinarian.