The cost of owning a home in Ireland is quickly on the rise alongside the cost of the necessities.
The latest report found that nationally, housing prices rose 5.3 percent in the second quarter of 2022, 3.4% in Dublin, and 6.1% elsewhere around the country.
According to a new report published by property website MyHome, the average asking price of a home nationwide is now €320,000 – and an even higher €403,000 in Dublin.
Depending on where you want to purchase your family home, the prices vary greatly from city locations to rural country living.
The report looked at the average asking price for a three-bed semi-detached house in every county in Ireland, showing prices from as low as €116,250 in Longford to a whopping €385,000 in Wicklow.
The author of the report, Conall MacCoille, Chief Economist at Davy, said that 2022 should be a year of two halves, with price inflation slowing down in the second half of the year. “Double-digit inflation and sharp price gains are set to give way to greater concerns on affordability, the economic outlook and the impact of the ECB raising interest rates.”
Based on My Home’s report, what salary a single person would need to be on in order to qualify for a mortgage in every corner of Ireland.
Here is what you would need to be earning in order to afford a semi-detached, three-bedroom home in each county of Ireland:
Dublin
Average cost of a three-bed semi-detached house: €365,000
Up 7,35% on last year
Deposit needed: €36,500
Salary needed: €93,857
Carlow
Average cost of a three-bed semi-detached house: €215,000
Up 9.14% on last year
Deposit needed: €21,500
Salary needed: €55,286
Cavan
Average cost of a three-bed semi-detached house: €185,000
Up 23.33% on last year
Deposit needed: €18,500
Salary needed: €47,572
Clare
Average cost of a three-bed semi-detached house: €217,000
Up 9.05% on last year
Deposit needed: €21,700
Salary needed: €55,800
Cork
Average cost of a three-bed semi-detached house: €265,000
Up 6% on last year
Deposit needed: €26,500
Salary needed: €68,143
Donegal
Average cost of a three-bed semi-detached house: €140,000
Up 12.9% on last year
Deposit needed: €14,000
Salary needed: €36,000
Galway
Average cost of a three-bed semi-detached house: €245,000
Up 4.26% on last year
Deposit needed: €24,500
Salary needed: €63,000
Kerry
Average cost of a three-bed semi-detached house: €195,000
Up 8.33% on last year
Deposit needed: €19,500
Salary needed: €50,143
Kildare
Average cost of a three-bed semi-detached house: €249,475
Up 8.72% on last year
Deposit needed: €24,947
Salary needed: €64,151
Kilkenny
Average cost of a three-bed semi-detached house: €205,000
Up 9.33% on last year
Deposit needed: €20,500
Salary needed: €52,715
Laois
Average cost of a three-bed semi-detached house: €185,000
Up 5.71% on last year
Deposit needed: €18,500
Salary needed: €47,572
Leitrim
Average cost of a three-bed semi-detached house: €165,000
Up 18.71% on last year
Deposit needed: €16,500
Salary needed: €42,429
Limerick
Average cost of a three-bed semi-detached house: €225,000
Up 0.00% on last year
Deposit needed: €22,500
Salary needed: €57,858
Longford
Average cost of a three-bed semi-detached house: €116,250
Up 16.25% on last year
Deposit needed: €11,625
Salary needed: €29,893
Louth
Average cost of a three-bed semi-detached house: €225,000
Up 9.76% on last year
Deposit needed: €22,500
Salary needed: €57,857
Mayo
Average cost of a three-bed semi-detached house: €170,000
Up 13.71% on last year
Deposit needed: €17,000
Salary needed: €43,714
Meath
Average cost of a three-bed semi-detached house: €275,000
Up 14.58% on last year
Deposit needed: €27,500
Salary needed: €70,714
Monaghan
Average cost of a three-bed semi-detached house: €175,000
Up 12.90% on last year
Deposit needed: €17,500
Salary needed: €45,000
Offaly
Average cost of a three-bed semi-detached house: €175,000
Up 2.94% on last year
Deposit needed: €17,500
Salary needed: €45,000
Roscommon
Average cost of a three-bed semi-detached house: €137,500
Up 44.74% on last year
Deposit needed: €13,750
Salary needed: €35,357
Sligo
Average cost of a three-bed semi-detached house: €182,500
Up 21.67% on last year
Deposit needed: €18,250
Salary needed: €46,929
Tipperary
Average cost of a three-bed semi-detached house: €185,000
Up 15.63% on last year
Deposit needed: €18,500
Salary needed: €47,571
Waterford
Average cost of a three-bed semi-detached house: €200,000
Up 8.11% on last year
Deposit needed: €20,000
Salary needed: €51,429
Westmeath
Average cost of a three-bed semi-detached house: €200,000
Up 11.14% on last year
Deposit needed: €20,000
Salary needed: €51,429
Wexford
Average cost of a three-bed semi-detached house: €200,000
Up 11.11% on last year
Deposit needed: €20,000
Salary needed: €51,429
Wicklow
Average cost of a three-bed semi-detached house: €385,000
Up 10.95% on last year
Deposit needed: €38,500
Salary needed: €99,000