Affordable

What Salary Do You Need to Live in Waltonville?

To afford a 2-bedroom in Waltonville, you need to earn at least $30,600/year based on estimated fair market rent data. The median household income here is $62,321, which means the typical resident is $31,721 above the threshold.

Census ACS Data Pop. 371

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$536	$1,787	$21,440	$-40,881
1 Bedroom	$635	$2,117	$25,400	$-36,921
2 Bedroom BENCHMARK	$765	$2,550	$30,600	$-31,721
3 Bedroom	$933	$3,110	$37,320	$-25,001
4 Bedroom	$1,148	$3,827	$45,920	$-16,401

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$62,321

Annual household

2BR Required Salary

$30,600

Under 30% rule

Income Gap

+$31,721

Surplus

Verdict

Affordable

Ratio: 14.7%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Waltonville's median household income

Max monthly rent you can afford$1,558

Studio

$536/mo

1 BR

$635/mo

2 BR

$765/mo

3 BR

$933/mo

4 BR

$1,148/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Waltonville

Waltonville, Illinois stands out as one of the more financially accessible housing markets in the state. The median household income of $62,321 significantly exceeds the $30,600 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $31,721 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Waltonville, a studio at $536/month offers an even more aggressive savings rate. Even a 3-bedroom at $933/month remains accessible for dual-income households earning above $37,320.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $45,900 would position you well — though many residents in Waltonville 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 Waltonville, Illinois.

With a total population of 371, the city supports an active civilian workforce of 194 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $30,600 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

194

Active civilian employees in Waltonville

Frequently Asked Questions About Renting in Waltonville

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

To afford a 2-bedroom in Waltonville under the 30% rule, you need an annual salary of at least $30,600. The median household income in Waltonville is $62,321.

Can I afford a 2-bedroom in Waltonville on $62,321?

The affordability verdict for Waltonville is "Affordable". The rent-to-income ratio is 14.7%, meaning median earners have a $31,721 surplus.

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

The median gross rent in Waltonville is $635/month. With a median household income of $62,321, residents spend approximately 14.7% of their income on rent.

What salary do I need for a studio in Waltonville?

A studio in Waltonville rents for approximately $536/month. Under the 30% rule, you need an annual salary of $21,440 to afford this.

Is Waltonville considered an affordable place to live?

Based on the surplus of $31,721 and an affordability verdict of "Affordable", Waltonville is considered a affordable rental market when comparing the required 2-bedroom salary of $30,600 to the local median household income.

How Waltonville Compares

Other cities in Illinois with salary requirements