Stretched

What Salary Do You Need to Live in Cedaredge?

To afford a 2-bedroom in Cedaredge, you need to earn at least $44,080/year based on estimated fair market rent data. The median household income here is $40,395, which means the typical resident is $3,685 below the threshold.

Census ACS Data Pop. 2,572

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$771	$2,570	$30,840	$-9,555
1 Bedroom	$915	$3,050	$36,600	$-3,795
2 Bedroom BENCHMARK	$1,102	$3,673	$44,080	+$3,685
3 Bedroom	$1,344	$4,480	$53,760	+$13,365
4 Bedroom	$1,653	$5,510	$66,120	+$25,725

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$40,395

Annual household

2BR Required Salary

$44,080

Under 30% rule

Income Gap

-$3,685

Deficit

Verdict

Stretched

Ratio: 32.7%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Cedaredge's median household income

Max monthly rent you can afford$1,010

Studio

$771/mo

1 BR

$915/mo

2 BR

$1,102/mo

3 BR

$1,344/mo

4 BR

$1,653/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Cedaredge

Renting in Cedaredge is stretched but not impossible. The gap is a relatively narrow $3,685, suggesting that households slightly above median can find workable arrangements — especially with studios at $771/month.

If you're relocating to Cedaredge, target the studio or 1-bedroom tier ($771–$915/month) unless your income exceeds $44,080. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $551/month.

The break-even salary for comfortable living in Cedaredge is approximately $66,120. 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 Cedaredge, Colorado.

With a total population of 2,572, the city supports an active civilian workforce of 943 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $44,080 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

943

Active civilian employees in Cedaredge

Frequently Asked Questions About Renting in Cedaredge

What salary do I need to live in Cedaredge, Colorado?

To afford a 2-bedroom in Cedaredge under the 30% rule, you need an annual salary of at least $44,080. The median household income in Cedaredge is $40,395.

Can I afford a 2-bedroom in Cedaredge on $40,395?

The affordability verdict for Cedaredge is "Stretched". The rent-to-income ratio is 32.7%, meaning there's a $3,685 income gap.

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

The median gross rent in Cedaredge is $915/month. With a median household income of $40,395, residents spend approximately 32.7% of their income on rent.

What salary do I need for a studio in Cedaredge?

A studio in Cedaredge rents for approximately $771/month. Under the 30% rule, you need an annual salary of $30,840 to afford this.

Is Cedaredge considered an affordable place to live?

Based on the deficit of $3,685 and an affordability verdict of "Stretched", Cedaredge is considered a stretched rental market when comparing the required 2-bedroom salary of $44,080 to the local median household income.

How Cedaredge Compares

Other cities in Colorado with salary requirements