Financial market analysts compare how much income a person needs to qualify for a mortgage across various Russian regions. The conclusion is clear: Kabardino-Balkaria requires the lowest income, just over 29,000 rubles per month, while Moscow sits at the top with the highest threshold. In the capital, more than 301,000 rubles monthly are needed to support a mortgage.
The calculations assume borrowers do not allocate more than 40% of their income to mortgage payments. According to the study, a 50-square-meter apartment in a new building in Kabardino-Balkaria costs about 1.7 million rubles. The down payment for a purchase at this price would be 15% of the cost, roughly 266,000 rubles. With an 8% annual rate and a 25-year loan term, the monthly payment would be about 11,600 rubles. That payment level corresponds to an income of approximately 29,000 rubles per month. In Moscow, a similar new building in the same area would average 18.3 million rubles. Under identical loan terms, the down payment would reach around 2.7 million rubles, and the monthly mortgage payment would be about 120,400 rubles, pushing the required income above 301,000 rubles per month.
The top three regions with the lowest income requirements for mortgage access also include the Republic of Dagestan, at just over 37,000 rubles, and the Circassian Republic, at slightly more than 38,000 rubles. Conversely, St. Petersburg appears among the regions with the highest salary thresholds for mortgage access, showing more than 193,000 rubles, with the Leningrad region following at over 162,000 rubles.
Analysts based these figures on Rosstat data regarding average prices for new buildings and calculated the average monthly mortgage payment from there. The result is a set of income benchmarks that reflect typical lending terms and property prices across the country.