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Would two NY or CA RNs be able to afford a $600,000 home. Lets say they make $75,000 a year 150,000 combined before taxes. And if they couldnt afford it would how much would they need to save before they could afford one. This is just a question i just want to hear your thoughts.

Specializes in Peri-Op.

oh and at $150k gross salary your take home every two weeks would be around $4-4500 after taxes and medical insurance are deducted. Your realistic house payment on a $600k home would be around $4500/month. You would be making plenty to afford that home, I know because that is what I make. Well I make $130/yr and my wife fills in the rest.

If you stay within your means and dont build up CC debt or drive $100k cars you will be great.

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Specializes in Ante-Intra-Postpartum, Post Gyne.
Affordable Home Calculator from CNNMoney

This will tell you how much house you can afford.

And let me Google RN salary in NY for you:

Let me google that for you

And in CA:

Let me google that for you

I find websites like these to be grossly inaccurate

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Specializes in neonatal intensive care.

I am always amused when people ask about an "average" salary. Each facility is so different. Salary is figured on base, plus differential (if any), any certifications, length of time worked at facility, raises that have been given, etc.

So many things are figured into what any individual makes, including overtime & all the other things that I mentioned.

I think it is very difficult to say what an average salary is for any RN, imho.

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i meant base pay and your right i should live within my means. I dont care about 100k cars because the insurance would overwelm me a toyota will do fine. it gets me where i want to be and thats all it should do. Same with houses as long as it provides shelter it does its job.

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i meant base pay and your right i should live within my means. I dont care about 100k cars because the insurance would overwelm me a toyota will do fine. it gets me where i want to be and thats all it should do. Same with houses as long as it provides shelter it does its job.

If this is the case, then you've asked a lot of questions about the type of house and car an RN has and average salaries. I can think of three posts you've started off of the top of my head. You're not going to get different information by starting new threads. Your best bet is to ask the facility you're interested in working at what their salary is. You can cold call the HR department, but they likely won't give you much information. You'll usually have to wait until you go in for an interview, and they haven't given me that info in any of the interviews I've been in recently. It's almost a definite that you'll not receive salary information until an offer is extended.

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i seriously think an accountant or some sort of financial advisor, would be the route to go...

and not a bunch of nurses.:confused:

how would we know what you could afford?

we don't know the big picture, including assets, debts, income, etc.

leslie

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Specializes in cardiac-telemetry, hospice, ICU.

I was a Realtor in a previous life. There are loads of formulas to calculate the max home you should buy. The best and simplest I have seen is you should not buy a home more than 2 1/2 times your gross income (assuming you have no other large debt). That would mean an income of 150K, your house should be 375K or less. I've looked at this many times, and it is a great rule of thumb. Because of today's low rates, you might push this number a bit. Again, if you have 3 large car loans, school loans, and big credit card debt, throw out the rule of thumb. Using this rule, you won't be over your head. Sure, you can find a bank to loan you more, but is it smart?

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