Affordable

What Salary Do You Need to Live in Richfield?

To afford a 2-bedroom in Richfield, you need to earn at least $32,680/year based on estimated fair market rent data. The median household income here is $54,167, which means the typical resident is $21,487 above the threshold.

Census ACS Data Pop. 509

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$572	$1,907	$22,880	$-31,287
1 Bedroom	$678	$2,260	$27,120	$-27,047
2 Bedroom BENCHMARK	$817	$2,723	$32,680	$-21,487
3 Bedroom	$997	$3,323	$39,880	$-14,287
4 Bedroom	$1,226	$4,087	$49,040	$-5,127

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$54,167

Annual household

2BR Required Salary

$32,680

Under 30% rule

Income Gap

+$21,487

Surplus

Verdict

Affordable

Ratio: 18.1%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Richfield's median household income

Max monthly rent you can afford$1,354

Studio

$572/mo

1 BR

$678/mo

2 BR

$817/mo

3 BR

$997/mo

4 BR

$1,226/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Richfield

Richfield, Idaho stands out as one of the more financially accessible housing markets in the state. The median household income of $54,167 significantly exceeds the $32,680 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $21,487 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Richfield, a studio at $572/month offers an even more aggressive savings rate. Even a 3-bedroom at $997/month remains accessible for dual-income households earning above $39,880.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $49,020 would position you well — though many residents in Richfield 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 Richfield, Idaho.

With a total population of 509, the city supports an active civilian workforce of 227 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $32,680 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

227

Active civilian employees in Richfield

Frequently Asked Questions About Renting in Richfield

What salary do I need to live in Richfield, Idaho?

To afford a 2-bedroom in Richfield under the 30% rule, you need an annual salary of at least $32,680. The median household income in Richfield is $54,167.

Can I afford a 2-bedroom in Richfield on $54,167?

The affordability verdict for Richfield is "Affordable". The rent-to-income ratio is 18.1%, meaning median earners have a $21,487 surplus.

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

The median gross rent in Richfield is $678/month. With a median household income of $54,167, residents spend approximately 18.1% of their income on rent.

What salary do I need for a studio in Richfield?

A studio in Richfield rents for approximately $572/month. Under the 30% rule, you need an annual salary of $22,880 to afford this.

Is Richfield considered an affordable place to live?

Based on the surplus of $21,487 and an affordability verdict of "Affordable", Richfield is considered a affordable rental market when comparing the required 2-bedroom salary of $32,680 to the local median household income.

How Richfield Compares

Other cities in Idaho with salary requirements