Manageable

What Salary Do You Need to Live in Loves Park?

To afford a 2-bedroom in Loves Park, you need to earn at least $48,160/year based on estimated fair market rent data. The median household income here is $56,370, which means the typical resident is $8,210 above the threshold.

Census ACS Data Pop. 22,935

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$843	$2,810	$33,720	$-22,650
1 Bedroom	$999	$3,330	$39,960	$-16,410
2 Bedroom BENCHMARK	$1,204	$4,013	$48,160	$-8,210
3 Bedroom	$1,469	$4,897	$58,760	+$2,390
4 Bedroom	$1,806	$6,020	$72,240	+$15,870

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$56,370

Annual household

2BR Required Salary

$48,160

Under 30% rule

Income Gap

+$8,210

Surplus

Verdict

Manageable

Ratio: 25.6%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Loves Park

Your Annual Salary

Pre-filled with Loves Park's median household income

Max monthly rent you can afford$1,409

Studio

$843/mo

1 BR

$999/mo

2 BR

$1,204/mo

3 BR

$1,469/mo

4 BR

$1,806/mo

Your salary is $0 above the median income in Loves Park.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Loves Park

Renting in Loves Park, Illinois is doable for median earners, but tight. A 2-bedroom requires roughly $48,160/year under the 30% rule, and with a median income of $56,370, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($999/month) or studio ($843/month) materially improves the math. For those needing more space, a 3-bedroom in Loves Park pushes the required income to $58,760.

For comfortable living in Loves Park without financial stress, target a household income of at least $72,240 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Illinois's cost of living.

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 Loves Park, Illinois.

With a total population of 22,935, the city supports an active civilian workforce of 11,231 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $48,160 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

11,231

Active civilian employees in Loves Park

Frequently Asked Questions About Renting in Loves Park

What salary do I need to live in Loves Park, Illinois?

To afford a 2-bedroom in Loves Park under the 30% rule, you need an annual salary of at least $48,160. The median household income in Loves Park is $56,370.

Can I afford a 2-bedroom in Loves Park on $56,370?

The affordability verdict for Loves Park is "Manageable". The rent-to-income ratio is 25.6%, meaning median earners have a $8,210 surplus.

What is the average rent in Loves Park compared to median income?

The median gross rent in Loves Park is $999/month. With a median household income of $56,370, residents spend approximately 25.6% of their income on rent.

What salary do I need for a studio in Loves Park?

A studio in Loves Park rents for approximately $843/month. Under the 30% rule, you need an annual salary of $33,720 to afford this.

Is Loves Park considered an affordable place to live?

Based on the surplus of $8,210 and an affordability verdict of "Manageable", Loves Park is considered a manageable rental market when comparing the required 2-bedroom salary of $48,160 to the local median household income.

How Loves Park Compares

Other cities in Illinois with salary requirements