Stretched

What Salary Do You Need to Live in Godley?

To afford a 2-bedroom in Godley, you need to earn at least $51,240/year based on estimated fair market rent data. The median household income here is $47,171, which means the typical resident is $4,069 below the threshold.

Census ACS Data Pop. 551

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$897	$2,990	$35,880	$-11,291
1 Bedroom	$1,063	$3,543	$42,520	$-4,651
2 Bedroom BENCHMARK	$1,281	$4,270	$51,240	+$4,069
3 Bedroom	$1,563	$5,210	$62,520	+$15,349
4 Bedroom	$1,922	$6,407	$76,880	+$29,709

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$47,171

Annual household

2BR Required Salary

$51,240

Under 30% rule

Income Gap

-$4,069

Deficit

Verdict

Stretched

Ratio: 32.6%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Godley's median household income

Max monthly rent you can afford$1,179

Studio

$897/mo

1 BR

$1,063/mo

2 BR

$1,281/mo

3 BR

$1,563/mo

4 BR

$1,922/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Godley

Renting in Godley is stretched but not impossible. The gap is a relatively narrow $4,069, suggesting that households slightly above median can find workable arrangements — especially with studios at $897/month.

If you're relocating to Godley, target the studio or 1-bedroom tier ($897–$1,063/month) unless your income exceeds $51,240. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $641/month.

The break-even salary for comfortable living in Godley is approximately $76,860. Below this threshold, expect housing to consume a disproportionate share of your budget, limiting discretionary spending and savings capacity.

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 Godley, Illinois.

With a total population of 551, the city supports an active civilian workforce of 266 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $51,240 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

266

Active civilian employees in Godley

Frequently Asked Questions About Renting in Godley

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

To afford a 2-bedroom in Godley under the 30% rule, you need an annual salary of at least $51,240. The median household income in Godley is $47,171.

Can I afford a 2-bedroom in Godley on $47,171?

The affordability verdict for Godley is "Stretched". The rent-to-income ratio is 32.6%, meaning there's a $4,069 income gap.

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

The median gross rent in Godley is $1,063/month. With a median household income of $47,171, residents spend approximately 32.6% of their income on rent.

What salary do I need for a studio in Godley?

A studio in Godley rents for approximately $897/month. Under the 30% rule, you need an annual salary of $35,880 to afford this.

Is Godley considered an affordable place to live?

Based on the deficit of $4,069 and an affordability verdict of "Stretched", Godley is considered a stretched rental market when comparing the required 2-bedroom salary of $51,240 to the local median household income.

How Godley Compares

Other cities in Illinois with salary requirements