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Living On $130K A Year In Philadelphia, PA - Millennial MoneyA general rule of thumb is you can get around a maximum of 5x your income with a 20% down-payment. It's worth it to just plug your numbers into a mortgage. If you're aiming for a mortgage of ?,, you'll likely need to earn between ?26,?30,, assuming you're offered an income multiple of 4. A $, salary equates to $10, per month, and 28 percent of $10, is $2,, so that should be your cap on monthly housing expenses.