The income you need to afford it

62 real costs, run through one consistent model. Free to reuse with attribution.

Every affordability calculator answers the same question: given your income, is this risky? This turns that around. For 62 real costs, it asks what income would make each one safe, and for the ones you pay once, how long the median worker has to work to cover it.

It is computed from 802 real prices and one published model, applied identically to all of them. That combination is the only reason this dataset can exist: pricing data and affordability models rarely live in the same place.

$126,991household income before a $410,000 house stops being elevated risk
7.0 monthsof gross pay a $35,000 wedding costs someone aged 25 to 34
$53,463before a $50,000 car at $891/mo stops being elevated risk

What income makes it safe: 37 recurring and financed costs

A monthly bill or a loan payment competes with your income every month, so “what do you need to earn” is a real question with a real answer. Two columns: elevated is the income at which the cost drops to 20% of gross, and comfortable is where it drops to 10%.

CostPer monthIncome to clear elevatedIncome to be comfortable
Restaurant$400,000 financed$5,395$323,725$647,450
Early retirement spending$5,000/mo$5,000$300,000$600,000
Nanny$3,500/mo$3,500$210,000$420,000
MBA tuition$3,500/mo$3,500$210,000$420,000
College tuition$2,500/mo$2,500$150,000$300,000
New house$410,000 financed$2,117$126,991$253,981
Condo$350,000 financed$2,096$125,742$251,484
Semi-truck$120,000 financed$2,093$125,561$251,122
Food truck$100,000 financed$1,912$114,739$229,479
Apartment rent$1,763/mo$1,763$105,780$211,560
Living on my own$1,500/mo$1,500$90,000$180,000
Daycare$1,500/mo$1,500$90,000$180,000
Mobile home$125,000 financed$1,012$60,732$121,463
New car$50,000 financed$891$53,463$106,926
Truck$50,000 financed$811$48,669$97,338
Pool$75,000 financed$794$47,653$95,305
Electric car$50,000 financed$767$46,032$92,065
Therapy$700/mo$700$42,000$84,000
Coffee cart$25,000 financed$691$41,441$82,881
Boat$45,000 financed$560$33,593$67,187
Twins$550/mo$550$33,000$66,000
Used car$25,000 financed$506$30,372$60,744
Horse$400/mo$400$24,000$48,000
Personal loan$15,000 financed$399$23,922$47,844
Franchise$35,000 financed$378$22,669$45,338
Solar panels$25,000 financed$376$22,556$45,111
RV$45,000 financed$375$22,526$45,053
Kids$350/mo$350$21,000$42,000
Second child$280/mo$280$16,800$33,600
Baby$250/mo$250$15,000$30,000
Motorcycle$10,000 financed$222$13,310$26,620
Jet ski$10,000 financed$176$10,587$21,174
Hot tub$8,000 financed$162$9,719$19,438
Storage unit$150/mo$150$9,000$18,000
Dog$100/mo$100$6,000$12,000
Gym membership$50/mo$50$3,000$6,000
Cat$45/mo$45$2,700$5,400

How long you work for it: 25 one-time costs

These are reported differently, on purpose. A wedding is not a monthly obligation, so asking what income makes it safe gives a misleading answer - our own model weighs a one-time cost against 3 months of budget, which inverts into figures in the hundreds of thousands and tells you nothing useful. Months of gross pay is the honest question, measured against real BLS median earnings: $59,800 for ages 25 to 34 and $72,020 for ages 35 to 44. Before tax, so real time worked is longer.

CostPriceWork, ages 25 to 34Work, ages 35 to 44
Destination wedding$40,0008.0 months6.7 months
Hip replacement$40,0008.0 months6.7 months
Wedding$35,0007.0 months5.8 months
Garage$30,0006.0 months5.0 months
Kitchen remodel$25,0005.0 months4.2 months
IVF treatment$20,0004.0 months3.3 months
Outdoor kitchen$15,0003.0 months2.5 months
Coding bootcamp$15,0003.0 months2.5 months
Divorce$10,0002.0 months1.7 months
Bathroom remodel$10,0002.0 months1.7 months
New windows$10,0002.0 months1.7 months
New roof$9,5001.9 months1.6 months
Funeral$8,5001.7 months1.4 months
New HVAC system$8,0001.6 months1.3 months
Deck$8,0001.6 months1.3 months
Engagement ring$6,0001.2 months30 days
Braces$6,0001.2 months30 days
Foundation repair$6,0001.2 months30 days
Honeymoon$5,5001.1 months27 days
Landscaping$5,0001.0 months25 days
Relocation$5,0001.0 months25 days
Vacation$3,50021 days17 days
Legal fees$3,00018 days15 days
Cruise$2,00012 days10 days
Root canal$1,2007 days6 days

How these were calculated

Recurring costs use the price as the monthly figure. Financed costs are amortized at each category's own default rate, term and down payment. The income columns solve the site's own ratio for income instead of for risk - the whole formula, every threshold and the source behind every price is on How we calculate risk.

Four assumptions, stated because they change the numbers:

  • Good credit. A 670-739 score, which leaves the ratio unadjusted. Weaker credit raises every income figure here by up to 35%; excellent credit lowers it by 15%.
  • No existing debt. Any payment you already carry comes out of the same income, so real thresholds are higher.
  • Gross income, not take-home.
  • National prices. Every price is a national reference figure, not a local quote. A house costs very different money in two states.

These are reference figures for comparison, not advice and not a quote. The point of running 62 costs through one model is that the rows are comparable with each other, which is exactly what you cannot do with numbers gathered from 62 different sources.

Use this

Free to reuse, including commercially, with attribution to Can I Afford It and a link back to this page. No permission needed. If you need a cut of the data that is not here, or the same calculation across all 802 categories, ask and you will get it.

Download the full dataset (CSV) · Questions or corrections: contact@caniafford.it