Manageable

What Salary Do You Need to Live in Hermitage?

To afford a 2-bedroom in Hermitage, you need to earn at least $20,320/year based on estimated fair market rent data. The median household income here is $22,679, which means the typical resident is $2,359 above the threshold.

Census ACS Data Pop. 484

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$356	$1,187	$14,240	$-8,439
1 Bedroom	$422	$1,407	$16,880	$-5,799
2 Bedroom BENCHMARK	$508	$1,693	$20,320	$-2,359
3 Bedroom	$620	$2,067	$24,800	+$2,121
4 Bedroom	$762	$2,540	$30,480	+$7,801

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$22,679

Annual household

2BR Required Salary

$20,320

Under 30% rule

Income Gap

+$2,359

Surplus

Verdict

Manageable

Ratio: 26.9%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Hermitage's median household income

Max monthly rent you can afford$567

Studio

$356/mo

1 BR

$422/mo

2 BR

$508/mo

3 BR

$620/mo

4 BR

$762/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Hermitage

Hermitage is borderline manageable — the difference between required salary and median income is just $2,359. This means most households can technically afford a 2-bedroom, but have very little breathing room for savings or emergencies.

Downsizing to a 1-bedroom ($422/month) or studio ($356/month) materially improves the math. For those needing more space, a 3-bedroom in Hermitage pushes the required income to $24,800.

For comfortable living in Hermitage without financial stress, target a household income of at least $30,480 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Arkansas's cost of living.

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 Hermitage, Arkansas.

With a total population of 484, the city supports an active civilian workforce of 128 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $20,320 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

128

Active civilian employees in Hermitage

Frequently Asked Questions About Renting in Hermitage

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

To afford a 2-bedroom in Hermitage under the 30% rule, you need an annual salary of at least $20,320. The median household income in Hermitage is $22,679.

Can I afford a 2-bedroom in Hermitage on $22,679?

The affordability verdict for Hermitage is "Manageable". The rent-to-income ratio is 26.9%, meaning median earners have a $2,359 surplus.

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

The median gross rent in Hermitage is $422/month. With a median household income of $22,679, residents spend approximately 26.9% of their income on rent.

What salary do I need for a studio in Hermitage?

A studio in Hermitage rents for approximately $356/month. Under the 30% rule, you need an annual salary of $14,240 to afford this.

Is Hermitage considered an affordable place to live?

Based on the surplus of $2,359 and an affordability verdict of "Manageable", Hermitage is considered a manageable rental market when comparing the required 2-bedroom salary of $20,320 to the local median household income.

How Hermitage Compares

Other cities in Arkansas with salary requirements