Realtor since 1980
(651) 457-HOME (4663)
As some others have mentioned once you get that high you are typically not looking at the "average" anymore. The household incomes are above $100,000 to go 300k or higher, but most of the time this is also "move-up buyer" territory.
General guideline is no more than 28% of your income to principle & interest.
$58,000 * .28 / 12 months = $1,353/mo
For a $300,000 home with a 10% down payment on a 30 year loan at 4% interest rate the principle + interest would be $1,289/mo
The numbers work out just fine using your scenario.
If you need any assistance let me know.
RE/MAX Advantage Plus