Still, with a 3.5% down payment on a 30-year fixed-rate loan at 6 percent, you should be able to afford a $300,000 house with an annual salary of $74,500. Earning $60k a year puts you firmly into middle class status. Having a budget plan for a family of 4 making 50k is even more important to save money and stay on track. I am assuming you are a single person and do not have to worry about supporting a family. To achieve a 41% DTI ratio with a $50,000 annual income ($4,167 per month), you couldnt exceed $1,700 a month in housing and other debt payments. This might be more than feasible, depending on your background and the local labor market. People with a salary of $50k are still considered happy individuals, but have room for improvement. How much should you save if you make $50k a year? After all, the rich are also the ones who donate the most to charity, provide jobs, and provide investment capital for our start-up ideas. Self-entitlement and self-absorbed behavior say more about lack of self-confidence than a mythological social status. In 2020, the median household income in the United States was about $67,000. Alternatively, you could always refinance out of the FHA loan later to eliminate these mortgage insurance fees. Otherwise, its really easy to spend the majority of your money. Cost-sharing subsidies serve two purposes: they lower the plans maximum out-of-pocket, and they also increase the plans actuarial value (AV), which is a measure of the percentage of an average enrollees costs that a plan will pay. Aim for this goal! It's a relatively comfortable salary, but it's difficult in the area I live in. Thank you for your support! Depending on where you live, you may or may not be able to find a house within your price range. We lost our home, vehicles, credit, etc. Your own rate and monthly payment will vary. this._timeOrigin)}catch(b){return 0}};return a}();window.adthrive.windowPerformance=window.adthrive.windowPerformance||new g;g=window.adthrive.windowPerformance;g.now.bind(g);var p=function(a){var b=window.location.href;return a.some(function(c){return(new RegExp(c,"i")).test(b)})},B=new (function(){function a(){}a.prototype.info=function(b,c){for(var d=[],e=2;e