Affordable

What Salary Do You Need to Live in Rangely?

To afford a 2-bedroom in Rangely, you need to earn at least $38,800/year based on estimated fair market rent data. The median household income here is $70,363, which means the typical resident is $31,563 above the threshold.

Census ACS Data Pop. 2,382

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$679	$2,263	$27,160	$-43,203
1 Bedroom	$805	$2,683	$32,200	$-38,163
2 Bedroom BENCHMARK	$970	$3,233	$38,800	$-31,563
3 Bedroom	$1,183	$3,943	$47,320	$-23,043
4 Bedroom	$1,455	$4,850	$58,200	$-12,163

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$70,363

Annual household

2BR Required Salary

$38,800

Under 30% rule

Income Gap

+$31,563

Surplus

Verdict

Affordable

Ratio: 16.5%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Rangely's median household income

Max monthly rent you can afford$1,759

Studio

$679/mo

1 BR

$805/mo

2 BR

$970/mo

3 BR

$1,183/mo

4 BR

$1,455/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Rangely

Rangely, Colorado stands out as one of the more financially accessible housing markets in the state. The median household income of $70,363 significantly exceeds the $38,800 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $31,563 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Rangely, a studio at $679/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,183/month remains accessible for dual-income households earning above $47,320.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $58,200 would position you well — though many residents in Rangely 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 Rangely, Colorado.

With a total population of 2,382, the city supports an active civilian workforce of 1,149 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $38,800 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

1,149

Active civilian employees in Rangely

Frequently Asked Questions About Renting in Rangely

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

To afford a 2-bedroom in Rangely under the 30% rule, you need an annual salary of at least $38,800. The median household income in Rangely is $70,363.

Can I afford a 2-bedroom in Rangely on $70,363?

The affordability verdict for Rangely is "Affordable". The rent-to-income ratio is 16.5%, meaning median earners have a $31,563 surplus.

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

The median gross rent in Rangely is $805/month. With a median household income of $70,363, residents spend approximately 16.5% of their income on rent.

What salary do I need for a studio in Rangely?

A studio in Rangely rents for approximately $679/month. Under the 30% rule, you need an annual salary of $27,160 to afford this.

Is Rangely considered an affordable place to live?

Based on the surplus of $31,563 and an affordability verdict of "Affordable", Rangely is considered a affordable rental market when comparing the required 2-bedroom salary of $38,800 to the local median household income.

How Rangely Compares

Other cities in Colorado with salary requirements