Stretched

What Salary Do You Need to Live in Vermilion?

To afford a 2-bedroom in Vermilion, you need to earn at least $54,200/year based on estimated fair market rent data. The median household income here is $49,464, which means the typical resident is $4,736 below the threshold.

Census ACS Data Pop. 197

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$948	$3,160	$37,920	$-11,544
1 Bedroom	$1,125	$3,750	$45,000	$-4,464
2 Bedroom BENCHMARK	$1,355	$4,517	$54,200	+$4,736
3 Bedroom	$1,653	$5,510	$66,120	+$16,656
4 Bedroom	$2,033	$6,777	$81,320	+$31,856

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$49,464

Annual household

2BR Required Salary

$54,200

Under 30% rule

Income Gap

-$4,736

Deficit

Verdict

Stretched

Ratio: 32.9%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Vermilion's median household income

Max monthly rent you can afford$1,237

Studio

$948/mo

1 BR

$1,125/mo

2 BR

$1,355/mo

3 BR

$1,653/mo

4 BR

$2,033/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Vermilion

Renting in Vermilion is stretched but not impossible. The gap is a relatively narrow $4,736, suggesting that households slightly above median can find workable arrangements — especially with studios at $948/month.

If you're relocating to Vermilion, target the studio or 1-bedroom tier ($948–$1,125/month) unless your income exceeds $54,200. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $678/month.

The break-even salary for comfortable living in Vermilion is approximately $81,300. Below this threshold, expect housing to consume a disproportionate share of your budget, limiting discretionary spending and savings capacity.

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 Vermilion, Illinois.

With a total population of 197, the city supports an active civilian workforce of 67 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $54,200 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 Vermilion

Frequently Asked Questions About Renting in Vermilion

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

To afford a 2-bedroom in Vermilion under the 30% rule, you need an annual salary of at least $54,200. The median household income in Vermilion is $49,464.

Can I afford a 2-bedroom in Vermilion on $49,464?

The affordability verdict for Vermilion is "Stretched". The rent-to-income ratio is 32.9%, meaning there's a $4,736 income gap.

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

The median gross rent in Vermilion is $1,125/month. With a median household income of $49,464, residents spend approximately 32.9% of their income on rent.

What salary do I need for a studio in Vermilion?

A studio in Vermilion rents for approximately $948/month. Under the 30% rule, you need an annual salary of $37,920 to afford this.

Is Vermilion considered an affordable place to live?

Based on the deficit of $4,736 and an affordability verdict of "Stretched", Vermilion is considered a stretched rental market when comparing the required 2-bedroom salary of $54,200 to the local median household income.

How Vermilion Compares

Other cities in Illinois with salary requirements