Stretched

What Salary Do You Need to Live in Gilmore?

To afford a 2-bedroom in Gilmore, you need to earn at least $37,960/year based on estimated fair market rent data. The median household income here is $29,077, which means the typical resident is $8,883 below the threshold.

Census ACS Data Pop. 202

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$664	$2,213	$26,560	$-2,517
1 Bedroom	$788	$2,627	$31,520	+$2,443
2 Bedroom BENCHMARK	$949	$3,163	$37,960	+$8,883
3 Bedroom	$1,158	$3,860	$46,320	+$17,243
4 Bedroom	$1,424	$4,747	$56,960	+$27,883

Affordability Breakdown

Where the required salary line crosses above Gilmore's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$29,077

Annual household

2BR Required Salary

$37,960

Under 30% rule

Income Gap

-$8,883

Deficit

Verdict

Stretched

Ratio: 39.2%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Gilmore

Your Annual Salary

Pre-filled with Gilmore's median household income

Max monthly rent you can afford$727

Studio

$664/mo

1 BR

$788/mo

2 BR

$949/mo

3 BR

$1,158/mo

4 BR

$1,424/mo

Your salary is $0 above the median income in Gilmore.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Gilmore's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Gilmore

Gilmore's rental market puts real pressure on median earners. A 2-bedroom at $949/month requires $37,960/year — about $8,883 more than the median household income. Roommates or dual incomes significantly change the equation.

If you're relocating to Gilmore, target the studio or 1-bedroom tier ($664–$788/month) unless your income exceeds $37,960. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $475/month.

The break-even salary for comfortable living in Gilmore is approximately $56,940. Below this threshold, expect housing to consume a disproportionate share of your budget, limiting discretionary spending and savings capacity.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Gilmore, Arkansas.

With a total population of 202, the city supports an active civilian workforce of 55 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $37,960 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

Active civilian employees in Gilmore

Frequently Asked Questions About Renting in Gilmore

What salary do I need to live in Gilmore, Arkansas?

To afford a 2-bedroom in Gilmore under the 30% rule, you need an annual salary of at least $37,960. The median household income in Gilmore is $29,077.

Can I afford a 2-bedroom in Gilmore on $29,077?

The affordability verdict for Gilmore is "Stretched". The rent-to-income ratio is 39.2%, meaning there's a $8,883 income gap.

What is the average rent in Gilmore compared to median income?

The median gross rent in Gilmore is $788/month. With a median household income of $29,077, residents spend approximately 39.2% of their income on rent.

What salary do I need for a studio in Gilmore?

A studio in Gilmore rents for approximately $664/month. Under the 30% rule, you need an annual salary of $26,560 to afford this.

Is Gilmore considered an affordable place to live?

Based on the deficit of $8,883 and an affordability verdict of "Stretched", Gilmore is considered a stretched rental market when comparing the required 2-bedroom salary of $37,960 to the local median household income.

How Gilmore Compares

Other cities in Arkansas with salary requirements