This Is How Much You Need to Make to Comfortably Afford a $1 Million Home

If you’re eyeing homes priced in the $1 million range, it’s critical to approach such a purchase with a clear understanding of the financial commitment involved. With mortgage rates still in the 6-7% range, you'll need a high income to afford a home in this price range.

By keeping your housing costs lower, you give yourself a larger financial cushion to handle unexpected expenses, invest more in savings or retirement, and avoid feeling 'house-poor.'

Read at 24/7 Wall St.