Affordable

What Salary Do You Need to Live in Sugarmill Woods?

To afford a 2-bedroom in Sugarmill Woods, you need to earn at least $51,320/year based on estimated fair market rent data. The median household income here is $66,824, which means the typical resident is $15,504 above the threshold.

Census ACS Data Pop. 10,821

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$898	$2,993	$35,920	$-30,904
1 Bedroom	$1,065	$3,550	$42,600	$-24,224
2 Bedroom BENCHMARK	$1,283	$4,277	$51,320	$-15,504
3 Bedroom	$1,565	$5,217	$62,600	$-4,224
4 Bedroom	$1,925	$6,417	$77,000	+$10,176

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$66,824

Annual household

2BR Required Salary

$51,320

Under 30% rule

Income Gap

+$15,504

Surplus

Verdict

Affordable

Ratio: 23.0%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Sugarmill Woods

Your Annual Salary

Pre-filled with Sugarmill Woods's median household income

Max monthly rent you can afford$1,671

Studio

$898/mo

1 BR

$1,065/mo

2 BR

$1,283/mo

3 BR

$1,565/mo

4 BR

$1,925/mo

Your salary is $0 above the median income in Sugarmill Woods.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Sugarmill Woods

Living in Sugarmill Woods is well within reach for most median-income earners. With a $15,504 cushion between what residents earn and what a 2-bedroom requires, households in Sugarmill Woods typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Sugarmill Woods, a studio at $898/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,565/month remains accessible for dual-income households earning above $62,600.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $76,980 would position you well — though many residents in Sugarmill Woods 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 Sugarmill Woods, Florida.

With a total population of 10,821, the city supports an active civilian workforce of 3,136 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $51,320 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

3,136

Active civilian employees in Sugarmill Woods

Frequently Asked Questions About Renting in Sugarmill Woods

What salary do I need to live in Sugarmill Woods, Florida?

To afford a 2-bedroom in Sugarmill Woods under the 30% rule, you need an annual salary of at least $51,320. The median household income in Sugarmill Woods is $66,824.

Can I afford a 2-bedroom in Sugarmill Woods on $66,824?

The affordability verdict for Sugarmill Woods is "Affordable". The rent-to-income ratio is 23.0%, meaning median earners have a $15,504 surplus.

What is the average rent in Sugarmill Woods compared to median income?

The median gross rent in Sugarmill Woods is $1,065/month. With a median household income of $66,824, residents spend approximately 23.0% of their income on rent.

What salary do I need for a studio in Sugarmill Woods?

A studio in Sugarmill Woods rents for approximately $898/month. Under the 30% rule, you need an annual salary of $35,920 to afford this.

Is Sugarmill Woods considered an affordable place to live?

Based on the surplus of $15,504 and an affordability verdict of "Affordable", Sugarmill Woods is considered a affordable rental market when comparing the required 2-bedroom salary of $51,320 to the local median household income.

How Sugarmill Woods Compares

Other cities in Florida with salary requirements