Affordable

What Salary Do You Need to Live in South Wilmington?

To afford a 2-bedroom in South Wilmington, you need to earn at least $54,880/year based on estimated fair market rent data. The median household income here is $89,063, which means the typical resident is $34,183 above the threshold.

Census ACS Data Pop. 624

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$960	$3,200	$38,400	$-50,663
1 Bedroom	$1,139	$3,797	$45,560	$-43,503
2 Bedroom BENCHMARK	$1,372	$4,573	$54,880	$-34,183
3 Bedroom	$1,674	$5,580	$66,960	$-22,103
4 Bedroom	$2,058	$6,860	$82,320	$-6,743

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$89,063

Annual household

2BR Required Salary

$54,880

Under 30% rule

Income Gap

+$34,183

Surplus

Verdict

Affordable

Ratio: 18.5%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in South Wilmington

Your Annual Salary

Pre-filled with South Wilmington's median household income

Max monthly rent you can afford$2,227

Studio

$960/mo

1 BR

$1,139/mo

2 BR

$1,372/mo

3 BR

$1,674/mo

4 BR

$2,058/mo

Your salary is $0 above the median income in South Wilmington.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to South Wilmington

South Wilmington, Illinois stands out as one of the more financially accessible housing markets in the state. The median household income of $89,063 significantly exceeds the $54,880 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $34,183 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating South Wilmington, a studio at $960/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,674/month remains accessible for dual-income households earning above $66,960.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $82,320 would position you well — though many residents in South Wilmington 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 South Wilmington, Illinois.

With a total population of 624, the city supports an active civilian workforce of 284 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $54,880 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

284

Active civilian employees in South Wilmington

Frequently Asked Questions About Renting in South Wilmington

What salary do I need to live in South Wilmington, Illinois?

To afford a 2-bedroom in South Wilmington under the 30% rule, you need an annual salary of at least $54,880. The median household income in South Wilmington is $89,063.

Can I afford a 2-bedroom in South Wilmington on $89,063?

The affordability verdict for South Wilmington is "Affordable". The rent-to-income ratio is 18.5%, meaning median earners have a $34,183 surplus.

What is the average rent in South Wilmington compared to median income?

The median gross rent in South Wilmington is $1,139/month. With a median household income of $89,063, residents spend approximately 18.5% of their income on rent.

What salary do I need for a studio in South Wilmington?

A studio in South Wilmington rents for approximately $960/month. Under the 30% rule, you need an annual salary of $38,400 to afford this.

Is South Wilmington considered an affordable place to live?

Based on the surplus of $34,183 and an affordability verdict of "Affordable", South Wilmington is considered a affordable rental market when comparing the required 2-bedroom salary of $54,880 to the local median household income.

How South Wilmington Compares

Other cities in Illinois with salary requirements