Our gross income for 2014 looks to be just under $190k, but I haven't gotten any of DH's 1099's yet, so the number may change for tax purposes because I budgeted on an accrual basis. Income for DH varies wildly from month-to-month, depending on what projects he's working on.
The house question is more complicated. I originally had it all written out in the post and then deleted it because it all sounded very convoluted. If we stay in Los Angeles, we're looking at a 3-4 bed/2 bath, 1500-1700 sq ft, mid-century home for at least 800k, maybe closer to 1M depending on where the market is at when we finally get to a point of purchase. The complicated part comes in that 4-5 years down the road when we save the $$ for a down payment on a ridiculously expensive home here in SoCal, we may decide to say, "Screw Hollywood" and pay cash to build a home on family land in Tennessee. There are a lot of factors that would go into that decision, of course.