Manageable

What Salary Do You Need to Live in Genoa?

To afford a 2-bedroom in Genoa, you need to earn at least $41,600/year based on estimated fair market rent data. The median household income here is $46,250, which means the typical resident is $4,650 above the threshold.

Census ACS Data Pop. 126

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$728	$2,427	$29,120	$-17,130
1 Bedroom	$863	$2,877	$34,520	$-11,730
2 Bedroom BENCHMARK	$1,040	$3,467	$41,600	$-4,650
3 Bedroom	$1,269	$4,230	$50,760	+$4,510
4 Bedroom	$1,560	$5,200	$62,400	+$16,150

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$46,250

Annual household

2BR Required Salary

$41,600

Under 30% rule

Income Gap

+$4,650

Surplus

Verdict

Manageable

Ratio: 27.0%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Genoa's median household income

Max monthly rent you can afford$1,156

Studio

$728/mo

1 BR

$863/mo

2 BR

$1,040/mo

3 BR

$1,269/mo

4 BR

$1,560/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Genoa

Genoa is borderline manageable — the difference between required salary and median income is just $4,650. 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 ($863/month) or studio ($728/month) materially improves the math. For those needing more space, a 3-bedroom in Genoa pushes the required income to $50,760.

For comfortable living in Genoa without financial stress, target a household income of at least $62,400 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Colorado'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 Genoa, Colorado.

With a total population of 126, the city supports an active civilian workforce of 62 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $41,600 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 Genoa

Frequently Asked Questions About Renting in Genoa

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

To afford a 2-bedroom in Genoa under the 30% rule, you need an annual salary of at least $41,600. The median household income in Genoa is $46,250.

Can I afford a 2-bedroom in Genoa on $46,250?

The affordability verdict for Genoa is "Manageable". The rent-to-income ratio is 27.0%, meaning median earners have a $4,650 surplus.

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

The median gross rent in Genoa is $863/month. With a median household income of $46,250, residents spend approximately 27.0% of their income on rent.

What salary do I need for a studio in Genoa?

A studio in Genoa rents for approximately $728/month. Under the 30% rule, you need an annual salary of $29,120 to afford this.

Is Genoa considered an affordable place to live?

Based on the surplus of $4,650 and an affordability verdict of "Manageable", Genoa is considered a manageable rental market when comparing the required 2-bedroom salary of $41,600 to the local median household income.

How Genoa Compares

Other cities in Colorado with salary requirements