WhereCanIAfford › Phoenix, AZ › On $125,000

Is Phoenix, AZ affordable on a $125,000 salary?

A STRETCH On $125,000/yr, the typical $442,078 home in Phoenix, AZ needs $135,766/yr ($3,168/mo). Your gap: $-10,766 — housing would be 30.4% of your gross income.

The math

442,078 price − 10% down (44,208) = 397,870 loan
30-yr fixed at 6.95% on 397,870 = 2,634/mo principal+interest
+ 534/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
3,168/mo PITI ÷ 0.28 = 11,314/mo → 135,766/yr required

against Zillow ZHVI 2026-08 and the 6.95% FRED 30-yr rate (2026-09-17).

What salary WOULD clear Phoenix, AZ?

You need about $135,766/yr for the typical home. That's $10,766 more than $125,000.

On $100,000? On $150,000? On $175,000?

See the full Phoenix, AZ affordability breakdown → or every metro you can afford on $125,000 →