Affordable

What Salary Do You Need to Live in Freeman Spur?

To afford a 2-bedroom in Freeman Spur, you need to earn at least $26,200/year based on estimated fair market rent data. The median household income here is $32,083, which means the typical resident is $5,883 above the threshold.

Census ACS Data Pop. 213

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$458	$1,527	$18,320	$-13,763
1 Bedroom	$544	$1,813	$21,760	$-10,323
2 Bedroom BENCHMARK	$655	$2,183	$26,200	$-5,883
3 Bedroom	$799	$2,663	$31,960	$-123
4 Bedroom	$983	$3,277	$39,320	+$7,237

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$32,083

Annual household

2BR Required Salary

$26,200

Under 30% rule

Income Gap

+$5,883

Surplus

Verdict

Affordable

Ratio: 24.5%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Freeman Spur

Your Annual Salary

Pre-filled with Freeman Spur's median household income

Max monthly rent you can afford$802

Studio

$458/mo

1 BR

$544/mo

2 BR

$655/mo

3 BR

$799/mo

4 BR

$983/mo

Your salary is $0 above the median income in Freeman Spur.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Freeman Spur

Living in Freeman Spur is well within reach for most median-income earners. With a $5,883 cushion between what residents earn and what a 2-bedroom requires, households in Freeman Spur typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Freeman Spur, a studio at $458/month offers an even more aggressive savings rate. Even a 3-bedroom at $799/month remains accessible for dual-income households earning above $31,960.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $39,300 would position you well — though many residents in Freeman Spur 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 Freeman Spur, Illinois.

With a total population of 213, the city supports an active civilian workforce of 57 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $26,200 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

Active civilian employees in Freeman Spur

Frequently Asked Questions About Renting in Freeman Spur

What salary do I need to live in Freeman Spur, Illinois?

To afford a 2-bedroom in Freeman Spur under the 30% rule, you need an annual salary of at least $26,200. The median household income in Freeman Spur is $32,083.

Can I afford a 2-bedroom in Freeman Spur on $32,083?

The affordability verdict for Freeman Spur is "Affordable". The rent-to-income ratio is 24.5%, meaning median earners have a $5,883 surplus.

What is the average rent in Freeman Spur compared to median income?

The median gross rent in Freeman Spur is $544/month. With a median household income of $32,083, residents spend approximately 24.5% of their income on rent.

What salary do I need for a studio in Freeman Spur?

A studio in Freeman Spur rents for approximately $458/month. Under the 30% rule, you need an annual salary of $18,320 to afford this.

Is Freeman Spur considered an affordable place to live?

Based on the surplus of $5,883 and an affordability verdict of "Affordable", Freeman Spur is considered a affordable rental market when comparing the required 2-bedroom salary of $26,200 to the local median household income.

How Freeman Spur Compares

Other cities in Illinois with salary requirements