Affordable

What Salary Do You Need to Live in Ladd?

To afford a 2-bedroom in Ladd, you need to earn at least $39,480/year based on estimated fair market rent data. The median household income here is $62,500, which means the typical resident is $23,020 above the threshold.

Census ACS Data Pop. 1,314

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$691	$2,303	$27,640	$-34,860
1 Bedroom	$819	$2,730	$32,760	$-29,740
2 Bedroom BENCHMARK	$987	$3,290	$39,480	$-23,020
3 Bedroom	$1,204	$4,013	$48,160	$-14,340
4 Bedroom	$1,481	$4,937	$59,240	$-3,260

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$62,500

Annual household

2BR Required Salary

$39,480

Under 30% rule

Income Gap

+$23,020

Surplus

Verdict

Affordable

Ratio: 19.0%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Ladd's median household income

Max monthly rent you can afford$1,563

Studio

$691/mo

1 BR

$819/mo

2 BR

$987/mo

3 BR

$1,204/mo

4 BR

$1,481/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Ladd

Ladd, Illinois stands out as one of the more financially accessible housing markets in the state. The median household income of $62,500 significantly exceeds the $39,480 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $23,020 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Ladd, a studio at $691/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,204/month remains accessible for dual-income households earning above $48,160.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $59,220 would position you well — though many residents in Ladd 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 Ladd, Illinois.

With a total population of 1,314, the city supports an active civilian workforce of 675 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $39,480 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

675

Active civilian employees in Ladd

Frequently Asked Questions About Renting in Ladd

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

To afford a 2-bedroom in Ladd under the 30% rule, you need an annual salary of at least $39,480. The median household income in Ladd is $62,500.

Can I afford a 2-bedroom in Ladd on $62,500?

The affordability verdict for Ladd is "Affordable". The rent-to-income ratio is 19.0%, meaning median earners have a $23,020 surplus.

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

The median gross rent in Ladd is $819/month. With a median household income of $62,500, residents spend approximately 19.0% of their income on rent.

What salary do I need for a studio in Ladd?

A studio in Ladd rents for approximately $691/month. Under the 30% rule, you need an annual salary of $27,640 to afford this.

Is Ladd considered an affordable place to live?

Based on the surplus of $23,020 and an affordability verdict of "Affordable", Ladd is considered a affordable rental market when comparing the required 2-bedroom salary of $39,480 to the local median household income.

How Ladd Compares

Other cities in Illinois with salary requirements