Manageable

What Salary Do You Need to Live in Cromwell?

To afford a 2-bedroom in Cromwell, you need to earn at least $34,920/year based on estimated fair market rent data. The median household income here is $40,417, which means the typical resident is $5,497 above the threshold.

Census ACS Data Pop. 543

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$611	$2,037	$24,440	$-15,977
1 Bedroom	$725	$2,417	$29,000	$-11,417
2 Bedroom BENCHMARK	$873	$2,910	$34,920	$-5,497
3 Bedroom	$1,065	$3,550	$42,600	+$2,183
4 Bedroom	$1,310	$4,367	$52,400	+$11,983

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$40,417

Annual household

2BR Required Salary

$34,920

Under 30% rule

Income Gap

+$5,497

Surplus

Verdict

Manageable

Ratio: 25.9%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Cromwell's median household income

Max monthly rent you can afford$1,010

Studio

$611/mo

1 BR

$725/mo

2 BR

$873/mo

3 BR

$1,065/mo

4 BR

$1,310/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Cromwell

Renting in Cromwell, Indiana is doable for median earners, but tight. A 2-bedroom requires roughly $34,920/year under the 30% rule, and with a median income of $40,417, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($725/month) or studio ($611/month) materially improves the math. For those needing more space, a 3-bedroom in Cromwell pushes the required income to $42,600.

For comfortable living in Cromwell without financial stress, target a household income of at least $52,380 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Indiana's cost of living.

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 Cromwell, Indiana.

With a total population of 543, the city supports an active civilian workforce of 223 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $34,920 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

223

Active civilian employees in Cromwell

Frequently Asked Questions About Renting in Cromwell

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

To afford a 2-bedroom in Cromwell under the 30% rule, you need an annual salary of at least $34,920. The median household income in Cromwell is $40,417.

Can I afford a 2-bedroom in Cromwell on $40,417?

The affordability verdict for Cromwell is "Manageable". The rent-to-income ratio is 25.9%, meaning median earners have a $5,497 surplus.

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

The median gross rent in Cromwell is $725/month. With a median household income of $40,417, residents spend approximately 25.9% of their income on rent.

What salary do I need for a studio in Cromwell?

A studio in Cromwell rents for approximately $611/month. Under the 30% rule, you need an annual salary of $24,440 to afford this.

Is Cromwell considered an affordable place to live?

Based on the surplus of $5,497 and an affordability verdict of "Manageable", Cromwell is considered a manageable rental market when comparing the required 2-bedroom salary of $34,920 to the local median household income.

How Cromwell Compares

Other cities in Indiana with salary requirements