Affordable

What Salary Do You Need to Live in Bunker Hill?

To afford a 2-bedroom in Bunker Hill, you need to earn at least $29,160/year based on estimated fair market rent data. The median household income here is $50,221, which means the typical resident is $21,061 above the threshold.

Census ACS Data Pop. 848

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$510	$1,700	$20,400	$-29,821
1 Bedroom	$605	$2,017	$24,200	$-26,021
2 Bedroom BENCHMARK	$729	$2,430	$29,160	$-21,061
3 Bedroom	$889	$2,963	$35,560	$-14,661
4 Bedroom	$1,094	$3,647	$43,760	$-6,461

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$50,221

Annual household

2BR Required Salary

$29,160

Under 30% rule

Income Gap

+$21,061

Surplus

Verdict

Affordable

Ratio: 17.4%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Bunker Hill

Your Annual Salary

Pre-filled with Bunker Hill's median household income

Max monthly rent you can afford$1,256

Studio

$510/mo

1 BR

$605/mo

2 BR

$729/mo

3 BR

$889/mo

4 BR

$1,094/mo

Your salary is $0 above the median income in Bunker Hill.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Bunker Hill

Bunker Hill, Indiana stands out as one of the more financially accessible housing markets in the state. The median household income of $50,221 significantly exceeds the $29,160 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $21,061 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Bunker Hill, a studio at $510/month offers an even more aggressive savings rate. Even a 3-bedroom at $889/month remains accessible for dual-income households earning above $35,560.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $43,740 would position you well — though many residents in Bunker Hill 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 Bunker Hill, Indiana.

With a total population of 848, the city supports an active civilian workforce of 380 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $29,160 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

380

Active civilian employees in Bunker Hill

Frequently Asked Questions About Renting in Bunker Hill

What salary do I need to live in Bunker Hill, Indiana?

To afford a 2-bedroom in Bunker Hill under the 30% rule, you need an annual salary of at least $29,160. The median household income in Bunker Hill is $50,221.

Can I afford a 2-bedroom in Bunker Hill on $50,221?

The affordability verdict for Bunker Hill is "Affordable". The rent-to-income ratio is 17.4%, meaning median earners have a $21,061 surplus.

What is the average rent in Bunker Hill compared to median income?

The median gross rent in Bunker Hill is $605/month. With a median household income of $50,221, residents spend approximately 17.4% of their income on rent.

What salary do I need for a studio in Bunker Hill?

A studio in Bunker Hill rents for approximately $510/month. Under the 30% rule, you need an annual salary of $20,400 to afford this.

Is Bunker Hill considered an affordable place to live?

Based on the surplus of $21,061 and an affordability verdict of "Affordable", Bunker Hill is considered a affordable rental market when comparing the required 2-bedroom salary of $29,160 to the local median household income.

How Bunker Hill Compares

Other cities in Indiana with salary requirements