Affordable

What Salary Do You Need to Live in Ellettsville?

To afford a 2-bedroom in Ellettsville, you need to earn at least $34,440/year based on estimated fair market rent data. The median household income here is $79,455, which means the typical resident is $45,015 above the threshold.

Census ACS Data Pop. 6,653

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$603	$2,010	$24,120	$-55,335
1 Bedroom	$715	$2,383	$28,600	$-50,855
2 Bedroom BENCHMARK	$861	$2,870	$34,440	$-45,015
3 Bedroom	$1,050	$3,500	$42,000	$-37,455
4 Bedroom	$1,292	$4,307	$51,680	$-27,775

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$79,455

Annual household

2BR Required Salary

$34,440

Under 30% rule

Income Gap

+$45,015

Surplus

Verdict

Affordable

Ratio: 13.0%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Ellettsville's median household income

Max monthly rent you can afford$1,986

Studio

$603/mo

1 BR

$715/mo

2 BR

$861/mo

3 BR

$1,050/mo

4 BR

$1,292/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Ellettsville

Ellettsville, Indiana stands out as one of the more financially accessible housing markets in the state. The median household income of $79,455 significantly exceeds the $34,440 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $45,015 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Ellettsville, a studio at $603/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,050/month remains accessible for dual-income households earning above $42,000.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $51,660 would position you well — though many residents in Ellettsville 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 Ellettsville, Indiana.

With a total population of 6,653, the city supports an active civilian workforce of 3,630 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $34,440 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

3,630

Active civilian employees in Ellettsville

Frequently Asked Questions About Renting in Ellettsville

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

To afford a 2-bedroom in Ellettsville under the 30% rule, you need an annual salary of at least $34,440. The median household income in Ellettsville is $79,455.

Can I afford a 2-bedroom in Ellettsville on $79,455?

The affordability verdict for Ellettsville is "Affordable". The rent-to-income ratio is 13.0%, meaning median earners have a $45,015 surplus.

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

The median gross rent in Ellettsville is $715/month. With a median household income of $79,455, residents spend approximately 13.0% of their income on rent.

What salary do I need for a studio in Ellettsville?

A studio in Ellettsville rents for approximately $603/month. Under the 30% rule, you need an annual salary of $24,120 to afford this.

Is Ellettsville considered an affordable place to live?

Based on the surplus of $45,015 and an affordability verdict of "Affordable", Ellettsville is considered a affordable rental market when comparing the required 2-bedroom salary of $34,440 to the local median household income.

How Ellettsville Compares

Other cities in Indiana with salary requirements