I earn about $62k before taxes and own a 3 bed, 1.5 bath Cape Cod and still am able to afford everything (including a car payment, usual utilities, and insurance for everything including two cars) and put away about 8% a month into retirement/savings.

I was lucky and got my house about 6 years ago before the market went crazy.

I probably wouldn’t be able to afford my house now in the current market (the value of my house has increased about 40ish% in the last 2.5 years) but it is possible to own below 70k.