Affordable

What Salary Do You Need to Live in Freeport?

To afford a 2-bedroom in Freeport, you need to earn at least $36,440/year based on estimated fair market rent data. The median household income here is $44,658, which means the typical resident is $8,218 above the threshold.

Census ACS Data Pop. 23,884

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$638	$2,127	$25,520	$-19,138
1 Bedroom	$756	$2,520	$30,240	$-14,418
2 Bedroom BENCHMARK	$911	$3,037	$36,440	$-8,218
3 Bedroom	$1,111	$3,703	$44,440	$-218
4 Bedroom	$1,367	$4,557	$54,680	+$10,022

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$44,658

Annual household

2BR Required Salary

$36,440

Under 30% rule

Income Gap

+$8,218

Surplus

Verdict

Affordable

Ratio: 24.5%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Freeport's median household income

Max monthly rent you can afford$1,116

Studio

$638/mo

1 BR

$756/mo

2 BR

$911/mo

3 BR

$1,111/mo

4 BR

$1,367/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Freeport

Living in Freeport is well within reach for most median-income earners. With a $8,218 cushion between what residents earn and what a 2-bedroom requires, households in Freeport typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Freeport, a studio at $638/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,111/month remains accessible for dual-income households earning above $44,440.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $54,660 would position you well — though many residents in Freeport 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 Freeport, Illinois.

With a total population of 23,884, the city supports an active civilian workforce of 10,154 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $36,440 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

10,154

Active civilian employees in Freeport

Frequently Asked Questions About Renting in Freeport

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

To afford a 2-bedroom in Freeport under the 30% rule, you need an annual salary of at least $36,440. The median household income in Freeport is $44,658.

Can I afford a 2-bedroom in Freeport on $44,658?

The affordability verdict for Freeport is "Affordable". The rent-to-income ratio is 24.5%, meaning median earners have a $8,218 surplus.

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

The median gross rent in Freeport is $756/month. With a median household income of $44,658, residents spend approximately 24.5% of their income on rent.

What salary do I need for a studio in Freeport?

A studio in Freeport rents for approximately $638/month. Under the 30% rule, you need an annual salary of $25,520 to afford this.

Is Freeport considered an affordable place to live?

Based on the surplus of $8,218 and an affordability verdict of "Affordable", Freeport is considered a affordable rental market when comparing the required 2-bedroom salary of $36,440 to the local median household income.

How Freeport Compares

Other cities in Illinois with salary requirements