Affordable

What Salary Do You Need to Live in Paragon?

To afford a 2-bedroom in Paragon, you need to earn at least $42,120/year based on estimated fair market rent data. The median household income here is $57,250, which means the typical resident is $15,130 above the threshold.

Census ACS Data Pop. 541

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$737	$2,457	$29,480	$-27,770
1 Bedroom	$874	$2,913	$34,960	$-22,290
2 Bedroom BENCHMARK	$1,053	$3,510	$42,120	$-15,130
3 Bedroom	$1,285	$4,283	$51,400	$-5,850
4 Bedroom	$1,580	$5,267	$63,200	+$5,950

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$57,250

Annual household

2BR Required Salary

$42,120

Under 30% rule

Income Gap

+$15,130

Surplus

Verdict

Affordable

Ratio: 22.1%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Paragon's median household income

Max monthly rent you can afford$1,431

Studio

$737/mo

1 BR

$874/mo

2 BR

$1,053/mo

3 BR

$1,285/mo

4 BR

$1,580/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Paragon

Living in Paragon is well within reach for most median-income earners. With a $15,130 cushion between what residents earn and what a 2-bedroom requires, households in Paragon typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Paragon, a studio at $737/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,285/month remains accessible for dual-income households earning above $51,400.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $63,180 would position you well — though many residents in Paragon 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 Paragon, Indiana.

With a total population of 541, the city supports an active civilian workforce of 242 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $42,120 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

242

Active civilian employees in Paragon

Frequently Asked Questions About Renting in Paragon

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

To afford a 2-bedroom in Paragon under the 30% rule, you need an annual salary of at least $42,120. The median household income in Paragon is $57,250.

Can I afford a 2-bedroom in Paragon on $57,250?

The affordability verdict for Paragon is "Affordable". The rent-to-income ratio is 22.1%, meaning median earners have a $15,130 surplus.

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

The median gross rent in Paragon is $874/month. With a median household income of $57,250, residents spend approximately 22.1% of their income on rent.

What salary do I need for a studio in Paragon?

A studio in Paragon rents for approximately $737/month. Under the 30% rule, you need an annual salary of $29,480 to afford this.

Is Paragon considered an affordable place to live?

Based on the surplus of $15,130 and an affordability verdict of "Affordable", Paragon is considered a affordable rental market when comparing the required 2-bedroom salary of $42,120 to the local median household income.

How Paragon Compares

Other cities in Indiana with salary requirements