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· for $80k salary the equivalent Contractor’s Rate is $65/hour, for $97K salary – $78/hour for $114K – $91/hour for 130K – $104/hour for $150K annual salary – 1/hour equivalent contractor’s Rate. These results are remarkably close to my estimates!
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The U.S. Census Bureau stated that the average price of a home in the United States was $272,900 in 2010, the last year for. Front-End Ratio vs Back-End Ratio. FER = (PITI + all other monthly debt payments) / monthly pre-tax salary; or
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· Take-home salary: $73,077 City evaluated: Portsmouth. New Hampshire doesn’t have sales tax or income tax, but there is a 5 percent tax on dividends and interest in excess of $2,400 for individuals and $4,800 for joint filers. The state is relatively tax-friendly, but it does have some of the highest property taxes in the U.S.
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The million-dollar-plus price tag for an average home in the region would have to be reduced by $795,000 – about three-quarters of the current value – to under $250,000 to be achievable for a.
The max price you should pay for a home depends on what you feel comfortable paying each month. How much of your income do you want/need to afford the lifestyle you are used to. Sounds like you are in a good position with no debt and a good salary.
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(1) The net average income in "constant 2005 US$" is computed using the Interbank nominal exchange rate [a] and the U.S. inflation rate [d]. (2) The gross monthly income is obtained from the U.S. Bureau of Labor Statistics Occupational employment statistics , the U.S. Bureau of Labor Statistics National compensation survey , or from the International Labour Organization .