Updated April 2026
Quick Affordability Reference
| Annual Salary | Max Home Price | Max Monthly Rent | NYC Mortgage Needed |
|---|---|---|---|
| $50,000 | $207,000 | $1,250/mo | Bronx HDFC co-op only |
| $75,000 | $310,000 | $1,875/mo | Bronx co-op range |
| $100,000 | $413,000 | $2,500/mo | Bronx / outer Queens |
| $125,000 | $516,000 | $3,125/mo | Queens / Bronx condos |
| $150,000 | $620,000 | $3,750/mo | Queens / outer Brooklyn |
| $175,000 | $723,000 | $4,375/mo | Brooklyn co-ops |
| $200,000 | $826,000 | $5,000/mo | Brooklyn condos / Queens houses |
| $250,000 | $1,033,000 | $6,250/mo | Manhattan studios / Brooklyn prime |
| $300,000 | $1,240,000 | $7,500/mo | Manhattan co-ops |
Based on 28% front-end DTI rule, 20% down payment, 6.875% 30-year fixed rate (2026). Rent uses 30% of gross income rule.
How Much Can I Afford?
How Much House Can I Afford in NYC?
Full calculator with borough breakdown
Home Affordability Calculator NYC
Interactive salary-to-price tool
NYC Affordability Calculator
Buy + rent combined tool
NYC Buying Power Calculator
After-tax purchasing power
How Much Can I Afford in NYC?
Rent and buy side by side
NYC House Affordability Guide
All salary levels explained
Advertisement
Mortgage Calculators
NYC Mortgage Calculator
Monthly payment estimator
Mortgage Payment Calculator
Full PITI breakdown
Down Payment Calculator
How much you need to save
Mortgage With Taxes & Insurance
True monthly cost
Closing Costs Calculator
Mansion tax, MRT, and more
Mortgage vs Rent Calculator
Break-even analysis
By Borough
Manhattan
Median $1.2M — need $410K+ salary
Brooklyn
Median $800K — need $274K+ salary
Queens
Median $650K — need $222K+ salary
The Bronx
Median $450K — most affordable borough
Staten Island
Median $550K — suburban NYC
Cheapest Boroughs Ranked
Affordability comparison
Salary-Based Buying Guides
Afford on $50K
~$207K max — Bronx HDFC territory
Afford on $100K
~$413K max — Bronx / outer Queens
Afford on $150K
~$620K max — Queens / Brooklyn
Afford on $200K
~$826K max — solid Brooklyn options
Salary for a $1M Apartment
Need ~$342K — what that gets you
Salary for a $2M Apartment
Need ~$684K — Manhattan luxury
Advertisement
Condo & Co-op Guide
Condo vs Co-op in NYC
Complete comparison guide
What Is a Co-op?
NYC co-op explained
Co-op Board Requirements
What boards look for
Hidden Costs of a Co-op
Flip taxes, assessments, and more
Condo Mortgage Calculator
Includes common charges
Co-op Mortgage Calculator
Includes maintenance fees
Rent Affordability
How Much Rent Can I Afford?
30% rule + 40× calculator
Rent by Borough Comparison
Salary needed in each borough
Salary for $3,000 Rent
Need $120K (40× rule)
Rent on $100K Salary
Max $2,500 — what it gets you
Manhattan Rent Guide
By neighborhood, salary required
Brooklyn Rent Guide
By neighborhood, salary required
Affordable & Low-Income Housing
Affordable Apartments in NYC
How to find and apply
NYC Housing Lottery Guide
How Housing Connect works
Section 8 in NYC
Vouchers explained, wait list status
NYCHA Public Housing
How to apply, wait times
Low-Income Apartments
Programs and eligibility
Income Limits Guide
2026 AMI chart by household size
Know Your Take-Home Pay First
Before budgeting for housing, see exactly what you keep after NYC's federal, state, and city taxes.
NYC Paycheck Calculator