Stretched

What Salary Do You Need to Live in Grady?

To afford a 2-bedroom in Grady, you need to earn at least $29,160/year based on estimated fair market rent data. The median household income here is $28,250, which means the typical resident is $910 below the threshold.

Census ACS Data Pop. 220

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$510	$1,700	$20,400	$-7,850
1 Bedroom	$605	$2,017	$24,200	$-4,050
2 Bedroom BENCHMARK	$729	$2,430	$29,160	+$910
3 Bedroom	$889	$2,963	$35,560	+$7,310
4 Bedroom	$1,094	$3,647	$43,760	+$15,510

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$28,250

Annual household

2BR Required Salary

$29,160

Under 30% rule

Income Gap

-$910

Deficit

Verdict

Stretched

Ratio: 31.0%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Grady's median household income

Max monthly rent you can afford$706

Studio

$510/mo

1 BR

$605/mo

2 BR

$729/mo

3 BR

$889/mo

4 BR

$1,094/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Grady

Renting in Grady is stretched but not impossible. The gap is a relatively narrow $910, suggesting that households slightly above median can find workable arrangements — especially with studios at $510/month.

If you're relocating to Grady, target the studio or 1-bedroom tier ($510–$605/month) unless your income exceeds $29,160. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $365/month.

The break-even salary for comfortable living in Grady is approximately $43,740. 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 Grady, Arkansas.

With a total population of 220, the city supports an active civilian workforce of 56 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $29,160 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 Grady

Frequently Asked Questions About Renting in Grady

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

To afford a 2-bedroom in Grady under the 30% rule, you need an annual salary of at least $29,160. The median household income in Grady is $28,250.

Can I afford a 2-bedroom in Grady on $28,250?

The affordability verdict for Grady is "Stretched". The rent-to-income ratio is 31.0%, meaning there's a $910 income gap.

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

The median gross rent in Grady is $605/month. With a median household income of $28,250, residents spend approximately 31.0% of their income on rent.

What salary do I need for a studio in Grady?

A studio in Grady rents for approximately $510/month. Under the 30% rule, you need an annual salary of $20,400 to afford this.

Is Grady considered an affordable place to live?

Based on the deficit of $910 and an affordability verdict of "Stretched", Grady is considered a stretched rental market when comparing the required 2-bedroom salary of $29,160 to the local median household income.

How Grady Compares

Other cities in Arkansas with salary requirements