Affordable

What Salary Do You Need to Live in Troy Grove?

To afford a 2-bedroom in Troy Grove, you need to earn at least $35,560/year based on estimated fair market rent data. The median household income here is $76,250, which means the typical resident is $40,690 above the threshold.

Census ACS Data Pop. 269

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$622	$2,073	$24,880	$-51,370
1 Bedroom	$738	$2,460	$29,520	$-46,730
2 Bedroom BENCHMARK	$889	$2,963	$35,560	$-40,690
3 Bedroom	$1,085	$3,617	$43,400	$-32,850
4 Bedroom	$1,334	$4,447	$53,360	$-22,890

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$76,250

Annual household

2BR Required Salary

$35,560

Under 30% rule

Income Gap

+$40,690

Surplus

Verdict

Affordable

Ratio: 14.0%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Troy Grove

Your Annual Salary

Pre-filled with Troy Grove's median household income

Max monthly rent you can afford$1,906

Studio

$622/mo

1 BR

$738/mo

2 BR

$889/mo

3 BR

$1,085/mo

4 BR

$1,334/mo

Your salary is $0 above the median income in Troy Grove.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Troy Grove

Troy Grove, Illinois stands out as one of the more financially accessible housing markets in the state. The median household income of $76,250 significantly exceeds the $35,560 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $40,690 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Troy Grove, a studio at $622/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,085/month remains accessible for dual-income households earning above $43,400.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $53,340 would position you well — though many residents in Troy Grove 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 Troy Grove, Illinois.

With a total population of 269, the city supports an active civilian workforce of 143 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $35,560 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

143

Active civilian employees in Troy Grove

Frequently Asked Questions About Renting in Troy Grove

What salary do I need to live in Troy Grove, Illinois?

To afford a 2-bedroom in Troy Grove under the 30% rule, you need an annual salary of at least $35,560. The median household income in Troy Grove is $76,250.

Can I afford a 2-bedroom in Troy Grove on $76,250?

The affordability verdict for Troy Grove is "Affordable". The rent-to-income ratio is 14.0%, meaning median earners have a $40,690 surplus.

What is the average rent in Troy Grove compared to median income?

The median gross rent in Troy Grove is $738/month. With a median household income of $76,250, residents spend approximately 14.0% of their income on rent.

What salary do I need for a studio in Troy Grove?

A studio in Troy Grove rents for approximately $622/month. Under the 30% rule, you need an annual salary of $24,880 to afford this.

Is Troy Grove considered an affordable place to live?

Based on the surplus of $40,690 and an affordability verdict of "Affordable", Troy Grove is considered a affordable rental market when comparing the required 2-bedroom salary of $35,560 to the local median household income.

How Troy Grove Compares

Other cities in Illinois with salary requirements