Manageable

What Salary Do You Need to Live in Maywood?

To afford a 2-bedroom in Maywood, you need to earn at least $55,080/year based on estimated fair market rent data. The median household income here is $64,767, which means the typical resident is $9,687 above the threshold.

Census ACS Data Pop. 23,385

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$964	$3,213	$38,560	$-26,207
1 Bedroom	$1,143	$3,810	$45,720	$-19,047
2 Bedroom BENCHMARK	$1,377	$4,590	$55,080	$-9,687
3 Bedroom	$1,680	$5,600	$67,200	+$2,433
4 Bedroom	$2,066	$6,887	$82,640	+$17,873

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$64,767

Annual household

2BR Required Salary

$55,080

Under 30% rule

Income Gap

+$9,687

Surplus

Verdict

Manageable

Ratio: 25.5%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Maywood's median household income

Max monthly rent you can afford$1,619

Studio

$964/mo

1 BR

$1,143/mo

2 BR

$1,377/mo

3 BR

$1,680/mo

4 BR

$2,066/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Maywood

Renting in Maywood, Illinois is doable for median earners, but tight. A 2-bedroom requires roughly $55,080/year under the 30% rule, and with a median income of $64,767, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($1,143/month) or studio ($964/month) materially improves the math. For those needing more space, a 3-bedroom in Maywood pushes the required income to $67,200.

For comfortable living in Maywood without financial stress, target a household income of at least $82,620 — 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 Maywood, Illinois.

With a total population of 23,385, the city supports an active civilian workforce of 9,725 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $55,080 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

9,725

Active civilian employees in Maywood

Frequently Asked Questions About Renting in Maywood

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

To afford a 2-bedroom in Maywood under the 30% rule, you need an annual salary of at least $55,080. The median household income in Maywood is $64,767.

Can I afford a 2-bedroom in Maywood on $64,767?

The affordability verdict for Maywood is "Manageable". The rent-to-income ratio is 25.5%, meaning median earners have a $9,687 surplus.

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

The median gross rent in Maywood is $1,143/month. With a median household income of $64,767, residents spend approximately 25.5% of their income on rent.

What salary do I need for a studio in Maywood?

A studio in Maywood rents for approximately $964/month. Under the 30% rule, you need an annual salary of $38,560 to afford this.

Is Maywood considered an affordable place to live?

Based on the surplus of $9,687 and an affordability verdict of "Manageable", Maywood is considered a manageable rental market when comparing the required 2-bedroom salary of $55,080 to the local median household income.

How Maywood Compares

Other cities in Illinois with salary requirements