Affordable

What Salary Do You Need to Live in Silverton?

To afford a 2-bedroom in Silverton, you need to earn at least $49,680/year based on estimated fair market rent data. The median household income here is $64,000, which means the typical resident is $14,320 above the threshold.

Census ACS Data Pop. 613

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$869	$2,897	$34,760	$-29,240
1 Bedroom	$1,031	$3,437	$41,240	$-22,760
2 Bedroom BENCHMARK	$1,242	$4,140	$49,680	$-14,320
3 Bedroom	$1,515	$5,050	$60,600	$-3,400
4 Bedroom	$1,863	$6,210	$74,520	+$10,520

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$64,000

Annual household

2BR Required Salary

$49,680

Under 30% rule

Income Gap

+$14,320

Surplus

Verdict

Affordable

Ratio: 23.3%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Silverton's median household income

Max monthly rent you can afford$1,600

Studio

$869/mo

1 BR

$1,031/mo

2 BR

$1,242/mo

3 BR

$1,515/mo

4 BR

$1,863/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Silverton

Living in Silverton is well within reach for most median-income earners. With a $14,320 cushion between what residents earn and what a 2-bedroom requires, households in Silverton typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Silverton, a studio at $869/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,515/month remains accessible for dual-income households earning above $60,600.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $74,520 would position you well — though many residents in Silverton 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 Silverton, Colorado.

With a total population of 613, the city supports an active civilian workforce of 352 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $49,680 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

352

Active civilian employees in Silverton

Frequently Asked Questions About Renting in Silverton

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

To afford a 2-bedroom in Silverton under the 30% rule, you need an annual salary of at least $49,680. The median household income in Silverton is $64,000.

Can I afford a 2-bedroom in Silverton on $64,000?

The affordability verdict for Silverton is "Affordable". The rent-to-income ratio is 23.3%, meaning median earners have a $14,320 surplus.

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

The median gross rent in Silverton is $1,031/month. With a median household income of $64,000, residents spend approximately 23.3% of their income on rent.

What salary do I need for a studio in Silverton?

A studio in Silverton rents for approximately $869/month. Under the 30% rule, you need an annual salary of $34,760 to afford this.

Is Silverton considered an affordable place to live?

Based on the surplus of $14,320 and an affordability verdict of "Affordable", Silverton is considered a affordable rental market when comparing the required 2-bedroom salary of $49,680 to the local median household income.

How Silverton Compares

Other cities in Colorado with salary requirements