Affordable

What Salary Do You Need to Live in Otis?

To afford a 2-bedroom in Otis, you need to earn at least $43,240/year based on estimated fair market rent data. The median household income here is $52,125, which means the typical resident is $8,885 above the threshold.

Census ACS Data Pop. 556

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$757	$2,523	$30,280	$-21,845
1 Bedroom	$897	$2,990	$35,880	$-16,245
2 Bedroom BENCHMARK	$1,081	$3,603	$43,240	$-8,885
3 Bedroom	$1,319	$4,397	$52,760	+$635
4 Bedroom	$1,622	$5,407	$64,880	+$12,755

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$52,125

Annual household

2BR Required Salary

$43,240

Under 30% rule

Income Gap

+$8,885

Surplus

Verdict

Affordable

Ratio: 24.9%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Otis's median household income

Max monthly rent you can afford$1,303

Studio

$757/mo

1 BR

$897/mo

2 BR

$1,081/mo

3 BR

$1,319/mo

4 BR

$1,622/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Otis

Living in Otis is well within reach for most median-income earners. With a $8,885 cushion between what residents earn and what a 2-bedroom requires, households in Otis typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Otis, a studio at $757/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,319/month remains accessible for dual-income households earning above $52,760.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $64,860 would position you well — though many residents in Otis 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 Otis, Colorado.

With a total population of 556, the city supports an active civilian workforce of 202 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $43,240 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

202

Active civilian employees in Otis

Frequently Asked Questions About Renting in Otis

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

To afford a 2-bedroom in Otis under the 30% rule, you need an annual salary of at least $43,240. The median household income in Otis is $52,125.

Can I afford a 2-bedroom in Otis on $52,125?

The affordability verdict for Otis is "Affordable". The rent-to-income ratio is 24.9%, meaning median earners have a $8,885 surplus.

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

The median gross rent in Otis is $897/month. With a median household income of $52,125, residents spend approximately 24.9% of their income on rent.

What salary do I need for a studio in Otis?

A studio in Otis rents for approximately $757/month. Under the 30% rule, you need an annual salary of $30,280 to afford this.

Is Otis considered an affordable place to live?

Based on the surplus of $8,885 and an affordability verdict of "Affordable", Otis is considered a affordable rental market when comparing the required 2-bedroom salary of $43,240 to the local median household income.

How Otis Compares

Other cities in Colorado with salary requirements