Affordable

What Salary Do You Need to Live in City of Creede?

To afford a 2-bedroom in City of Creede, you need to earn at least $39,520/year based on estimated fair market rent data. The median household income here is $51,033, which means the typical resident is $11,513 above the threshold.

Census ACS Data Pop. 280

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$692	$2,307	$27,680	$-23,353
1 Bedroom	$820	$2,733	$32,800	$-18,233
2 Bedroom BENCHMARK	$988	$3,293	$39,520	$-11,513
3 Bedroom	$1,205	$4,017	$48,200	$-2,833
4 Bedroom	$1,482	$4,940	$59,280	+$8,247

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$51,033

Annual household

2BR Required Salary

$39,520

Under 30% rule

Income Gap

+$11,513

Surplus

Verdict

Affordable

Ratio: 23.2%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in City of Creede

Your Annual Salary

Pre-filled with City of Creede's median household income

Max monthly rent you can afford$1,276

Studio

$692/mo

1 BR

$820/mo

2 BR

$988/mo

3 BR

$1,205/mo

4 BR

$1,482/mo

Your salary is $0 above the median income in City of Creede.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to City of Creede

Living in City of Creede is well within reach for most median-income earners. With a $11,513 cushion between what residents earn and what a 2-bedroom requires, households in City of Creede typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating City of Creede, a studio at $692/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,205/month remains accessible for dual-income households earning above $48,200.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $59,280 would position you well — though many residents in City of Creede manage on less given the favorable rent-to-income dynamics.

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 City of Creede, Colorado.

With a total population of 280, the city supports an active civilian workforce of 173 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $39,520 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

173

Active civilian employees in City of Creede

Frequently Asked Questions About Renting in City of Creede

What salary do I need to live in City of Creede, Colorado?

To afford a 2-bedroom in City of Creede under the 30% rule, you need an annual salary of at least $39,520. The median household income in City of Creede is $51,033.

Can I afford a 2-bedroom in City of Creede on $51,033?

The affordability verdict for City of Creede is "Affordable". The rent-to-income ratio is 23.2%, meaning median earners have a $11,513 surplus.

What is the average rent in City of Creede compared to median income?

The median gross rent in City of Creede is $820/month. With a median household income of $51,033, residents spend approximately 23.2% of their income on rent.

What salary do I need for a studio in City of Creede?

A studio in City of Creede rents for approximately $692/month. Under the 30% rule, you need an annual salary of $27,680 to afford this.

Is City of Creede considered an affordable place to live?

Based on the surplus of $11,513 and an affordability verdict of "Affordable", City of Creede is considered a affordable rental market when comparing the required 2-bedroom salary of $39,520 to the local median household income.

How City of Creede Compares

Other cities in Colorado with salary requirements