Is Birmingham, AL affordable on a $2,825,000 salary?
YES
On $2,825,000/yr, the typical $262,556 home in Birmingham, AL needs $77,540/yr ($1,809/mo). Your gap: +$2,747,460 — housing would be 0.8% of your gross income.
The math
262,556 price − 10% down (26,256) = 236,300 loan
30-yr fixed at 6.49% on 236,300 = 1,492/mo principal+interest
+ 317/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
1,809/mo PITI ÷ 0.28 = 6,462/mo → 77,540/yr required
against Zillow ZHVI 2026-05 and the 6.49% FRED 30-yr rate (2026-06-25).
What salary WOULD clear Birmingham, AL?
You need about $77,540/yr for the typical home. On $2,825,000 you already clear it by $2,747,460.