Affordable

What Salary Do You Need to Live in Albion?

To afford a 2-bedroom in Albion, you need to earn at least $41,600/year based on estimated fair market rent data. The median household income here is $62,813, which means the typical resident is $21,213 above the threshold.

Census ACS Data Pop. 2,835

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$728	$2,427	$29,120	$-33,693
1 Bedroom	$863	$2,877	$34,520	$-28,293
2 Bedroom BENCHMARK	$1,040	$3,467	$41,600	$-21,213
3 Bedroom	$1,269	$4,230	$50,760	$-12,053
4 Bedroom	$1,560	$5,200	$62,400	$-413

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$62,813

Annual household

2BR Required Salary

$41,600

Under 30% rule

Income Gap

+$21,213

Surplus

Verdict

Affordable

Ratio: 19.9%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Albion's median household income

Max monthly rent you can afford$1,570

Studio

$728/mo

1 BR

$863/mo

2 BR

$1,040/mo

3 BR

$1,269/mo

4 BR

$1,560/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Albion

Albion, Indiana stands out as one of the more financially accessible housing markets in the state. The median household income of $62,813 significantly exceeds the $41,600 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $21,213 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Albion, a studio at $728/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,269/month remains accessible for dual-income households earning above $50,760.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $62,400 would position you well — though many residents in Albion 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 Albion, Indiana.

With a total population of 2,835, the city supports an active civilian workforce of 1,278 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $41,600 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

1,278

Active civilian employees in Albion

Frequently Asked Questions About Renting in Albion

What salary do I need to live in Albion, Indiana?

To afford a 2-bedroom in Albion under the 30% rule, you need an annual salary of at least $41,600. The median household income in Albion is $62,813.

Can I afford a 2-bedroom in Albion on $62,813?

The affordability verdict for Albion is "Affordable". The rent-to-income ratio is 19.9%, meaning median earners have a $21,213 surplus.

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

The median gross rent in Albion is $863/month. With a median household income of $62,813, residents spend approximately 19.9% of their income on rent.

What salary do I need for a studio in Albion?

A studio in Albion rents for approximately $728/month. Under the 30% rule, you need an annual salary of $29,120 to afford this.

Is Albion considered an affordable place to live?

Based on the surplus of $21,213 and an affordability verdict of "Affordable", Albion is considered a affordable rental market when comparing the required 2-bedroom salary of $41,600 to the local median household income.

How Albion Compares

Other cities in Indiana with salary requirements