Affordable

What Salary Do You Need to Live in Collinsville?

To afford a 2-bedroom in Collinsville, you need to earn at least $45,600/year based on estimated fair market rent data. The median household income here is $63,155, which means the typical resident is $17,555 above the threshold.

Census ACS Data Pop. 24,294

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$798	$2,660	$31,920	$-31,235
1 Bedroom	$946	$3,153	$37,840	$-25,315
2 Bedroom BENCHMARK	$1,140	$3,800	$45,600	$-17,555
3 Bedroom	$1,391	$4,637	$55,640	$-7,515
4 Bedroom	$1,710	$5,700	$68,400	+$5,245

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$63,155

Annual household

2BR Required Salary

$45,600

Under 30% rule

Income Gap

+$17,555

Surplus

Verdict

Affordable

Ratio: 21.7%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Collinsville's median household income

Max monthly rent you can afford$1,579

Studio

$798/mo

1 BR

$946/mo

2 BR

$1,140/mo

3 BR

$1,391/mo

4 BR

$1,710/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Collinsville

Living in Collinsville is well within reach for most median-income earners. With a $17,555 cushion between what residents earn and what a 2-bedroom requires, households in Collinsville typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Collinsville, a studio at $798/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,391/month remains accessible for dual-income households earning above $55,640.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $68,400 would position you well — though many residents in Collinsville 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 Collinsville, Illinois.

With a total population of 24,294, the city supports an active civilian workforce of 12,987 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $45,600 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

12,987

Active civilian employees in Collinsville

Frequently Asked Questions About Renting in Collinsville

What salary do I need to live in Collinsville, Illinois?

To afford a 2-bedroom in Collinsville under the 30% rule, you need an annual salary of at least $45,600. The median household income in Collinsville is $63,155.

Can I afford a 2-bedroom in Collinsville on $63,155?

The affordability verdict for Collinsville is "Affordable". The rent-to-income ratio is 21.7%, meaning median earners have a $17,555 surplus.

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

The median gross rent in Collinsville is $946/month. With a median household income of $63,155, residents spend approximately 21.7% of their income on rent.

What salary do I need for a studio in Collinsville?

A studio in Collinsville rents for approximately $798/month. Under the 30% rule, you need an annual salary of $31,920 to afford this.

Is Collinsville considered an affordable place to live?

Based on the surplus of $17,555 and an affordability verdict of "Affordable", Collinsville is considered a affordable rental market when comparing the required 2-bedroom salary of $45,600 to the local median household income.

How Collinsville Compares

Other cities in Illinois with salary requirements