Affordable

What Salary Do You Need to Live in Wray?

To afford a 2-bedroom in Wray, you need to earn at least $42,360/year based on estimated fair market rent data. The median household income here is $67,596, which means the typical resident is $25,236 above the threshold.

Census ACS Data Pop. 2,461

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$741	$2,470	$29,640	$-37,956
1 Bedroom	$879	$2,930	$35,160	$-32,436
2 Bedroom BENCHMARK	$1,059	$3,530	$42,360	$-25,236
3 Bedroom	$1,292	$4,307	$51,680	$-15,916
4 Bedroom	$1,589	$5,297	$63,560	$-4,036

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$67,596

Annual household

2BR Required Salary

$42,360

Under 30% rule

Income Gap

+$25,236

Surplus

Verdict

Affordable

Ratio: 18.8%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Wray's median household income

Max monthly rent you can afford$1,690

Studio

$741/mo

1 BR

$879/mo

2 BR

$1,059/mo

3 BR

$1,292/mo

4 BR

$1,589/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Wray

Wray, Colorado stands out as one of the more financially accessible housing markets in the state. The median household income of $67,596 significantly exceeds the $42,360 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $25,236 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Wray, a studio at $741/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,292/month remains accessible for dual-income households earning above $51,680.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $63,540 would position you well — though many residents in Wray 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 Wray, Colorado.

With a total population of 2,461, the city supports an active civilian workforce of 1,160 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $42,360 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

1,160

Active civilian employees in Wray

Frequently Asked Questions About Renting in Wray

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

To afford a 2-bedroom in Wray under the 30% rule, you need an annual salary of at least $42,360. The median household income in Wray is $67,596.

Can I afford a 2-bedroom in Wray on $67,596?

The affordability verdict for Wray is "Affordable". The rent-to-income ratio is 18.8%, meaning median earners have a $25,236 surplus.

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

The median gross rent in Wray is $879/month. With a median household income of $67,596, residents spend approximately 18.8% of their income on rent.

What salary do I need for a studio in Wray?

A studio in Wray rents for approximately $741/month. Under the 30% rule, you need an annual salary of $29,640 to afford this.

Is Wray considered an affordable place to live?

Based on the surplus of $25,236 and an affordability verdict of "Affordable", Wray is considered a affordable rental market when comparing the required 2-bedroom salary of $42,360 to the local median household income.

How Wray Compares

Other cities in Colorado with salary requirements