YES
On $2,875,000/yr, the typical $343,580 home in Tucson, AZ needs $101,469/yr ($2,368/mo). Your gap: +$2,773,531 — housing would be 1% of your gross income.
The math
343,580 price − 10% down (34,358) = 309,222 loan
30-yr fixed at 6.49% on 309,222 = 1,952/mo principal+interest
+ 415/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
2,368/mo PITI ÷ 0.28 = 8,456/mo → 101,469/yr required
against Zillow ZHVI 2026-05 and the 6.49% FRED 30-yr rate (2026-06-25).
What salary WOULD clear Tucson, AZ?
You need about $101,469/yr for the typical home. On $2,875,000 you already clear it by $2,773,531.