Can You Afford to Buy in Cologne?
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
$320,000
Home Price
$64,000
Down Payment (20%)
$1,149.554/mo
Mortgage Payment
$49,267/yr
Required Salary
💡 Why it matters: Cologne
To afford a home in Cologne at 3.5% mortgage rate, you need a salary of at least $49,267/year. The local median income is $44,000/year — meaning most residents would struggle to buy at current prices. Alternatively, renting at $1,000/mo may be more practical.
Mortgage Breakdown (30yr fixed)
| Home Price | $320,000 |
| Down Payment (20%) | $64,000 |
| Loan Amount | $256,000 |
| Interest Rate | 3.5% |
| Monthly Payment | $1,149.554/mo |
| Required Annual Salary (28% rule) | $49,267 |
| Local Median Income | $44,000 |
Similar Price Cities
📊
HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Explore the DataPeek Network