Affordable

What Salary Do You Need to Live in Spring Grove?

To afford a 2-bedroom in Spring Grove, you need to earn at least $18,600/year based on estimated fair market rent data. The median household income here is $40,000, which means the typical resident is $21,400 above the threshold.

Census ACS Data Pop. 427

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$326	$1,087	$13,040	$-26,960
1 Bedroom	$386	$1,287	$15,440	$-24,560
2 Bedroom BENCHMARK	$465	$1,550	$18,600	$-21,400
3 Bedroom	$567	$1,890	$22,680	$-17,320
4 Bedroom	$698	$2,327	$27,920	$-12,080

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$40,000

Annual household

2BR Required Salary

$18,600

Under 30% rule

Income Gap

+$21,400

Surplus

Verdict

Affordable

Ratio: 13.9%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Spring Grove

Your Annual Salary

Pre-filled with Spring Grove's median household income

Max monthly rent you can afford$1,000

Studio

$326/mo

1 BR

$386/mo

2 BR

$465/mo

3 BR

$567/mo

4 BR

$698/mo

Your salary is $0 above the median income in Spring Grove.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Spring Grove

Spring Grove, Indiana stands out as one of the more financially accessible housing markets in the state. The median household income of $40,000 significantly exceeds the $18,600 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $21,400 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Spring Grove, a studio at $326/month offers an even more aggressive savings rate. Even a 3-bedroom at $567/month remains accessible for dual-income households earning above $22,680.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $27,900 would position you well — though many residents in Spring Grove 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 Spring Grove, Indiana.

With a total population of 427, the city supports an active civilian workforce of 176 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $18,600 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

176

Active civilian employees in Spring Grove

Frequently Asked Questions About Renting in Spring Grove

What salary do I need to live in Spring Grove, Indiana?

To afford a 2-bedroom in Spring Grove under the 30% rule, you need an annual salary of at least $18,600. The median household income in Spring Grove is $40,000.

Can I afford a 2-bedroom in Spring Grove on $40,000?

The affordability verdict for Spring Grove is "Affordable". The rent-to-income ratio is 13.9%, meaning median earners have a $21,400 surplus.

What is the average rent in Spring Grove compared to median income?

The median gross rent in Spring Grove is $386/month. With a median household income of $40,000, residents spend approximately 13.9% of their income on rent.

What salary do I need for a studio in Spring Grove?

A studio in Spring Grove rents for approximately $326/month. Under the 30% rule, you need an annual salary of $13,040 to afford this.

Is Spring Grove considered an affordable place to live?

Based on the surplus of $21,400 and an affordability verdict of "Affordable", Spring Grove is considered a affordable rental market when comparing the required 2-bedroom salary of $18,600 to the local median household income.

How Spring Grove Compares

Other cities in Indiana with salary requirements