Affordable

What Salary Do You Need to Live in Mound Station?

To afford a 2-bedroom in Mound Station, you need to earn at least $45,800/year based on estimated fair market rent data. The median household income here is $71,979, which means the typical resident is $26,179 above the threshold.

Census ACS Data Pop. 162

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$802	$2,673	$32,080	$-39,899
1 Bedroom	$950	$3,167	$38,000	$-33,979
2 Bedroom BENCHMARK	$1,145	$3,817	$45,800	$-26,179
3 Bedroom	$1,397	$4,657	$55,880	$-16,099
4 Bedroom	$1,718	$5,727	$68,720	$-3,259

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$71,979

Annual household

2BR Required Salary

$45,800

Under 30% rule

Income Gap

+$26,179

Surplus

Verdict

Affordable

Ratio: 19.1%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Mound Station

Your Annual Salary

Pre-filled with Mound Station's median household income

Max monthly rent you can afford$1,799

Studio

$802/mo

1 BR

$950/mo

2 BR

$1,145/mo

3 BR

$1,397/mo

4 BR

$1,718/mo

Your salary is $0 above the median income in Mound Station.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Mound Station

Mound Station, Illinois stands out as one of the more financially accessible housing markets in the state. The median household income of $71,979 significantly exceeds the $45,800 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $26,179 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Mound Station, a studio at $802/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,397/month remains accessible for dual-income households earning above $55,880.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $68,700 would position you well — though many residents in Mound Station 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 Mound Station, Illinois.

With a total population of 162, the city supports an active civilian workforce of 74 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $45,800 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

Active civilian employees in Mound Station

Frequently Asked Questions About Renting in Mound Station

What salary do I need to live in Mound Station, Illinois?

To afford a 2-bedroom in Mound Station under the 30% rule, you need an annual salary of at least $45,800. The median household income in Mound Station is $71,979.

Can I afford a 2-bedroom in Mound Station on $71,979?

The affordability verdict for Mound Station is "Affordable". The rent-to-income ratio is 19.1%, meaning median earners have a $26,179 surplus.

What is the average rent in Mound Station compared to median income?

The median gross rent in Mound Station is $950/month. With a median household income of $71,979, residents spend approximately 19.1% of their income on rent.

What salary do I need for a studio in Mound Station?

A studio in Mound Station rents for approximately $802/month. Under the 30% rule, you need an annual salary of $32,080 to afford this.

Is Mound Station considered an affordable place to live?

Based on the surplus of $26,179 and an affordability verdict of "Affordable", Mound Station is considered a affordable rental market when comparing the required 2-bedroom salary of $45,800 to the local median household income.

How Mound Station Compares

Other cities in Illinois with salary requirements