Stretched

What Salary Do You Need to Live in St. Mary of the Woods?

To afford a 2-bedroom in St. Mary of the Woods, you need to earn at least $22,320/year based on estimated fair market rent data. The median household income here is $20,300, which means the typical resident is $2,020 below the threshold.

Census ACS Data Pop. 784

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$391	$1,303	$15,640	$-4,660
1 Bedroom	$463	$1,543	$18,520	$-1,780
2 Bedroom BENCHMARK	$558	$1,860	$22,320	+$2,020
3 Bedroom	$681	$2,270	$27,240	+$6,940
4 Bedroom	$837	$2,790	$33,480	+$13,180

Affordability Breakdown

Where the required salary line crosses above St. Mary of the Woods's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$20,300

Annual household

2BR Required Salary

$22,320

Under 30% rule

Income Gap

-$2,020

Deficit

Verdict

Stretched

Ratio: 33.0%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in St. Mary of the Woods

Your Annual Salary

Pre-filled with St. Mary of the Woods's median household income

Max monthly rent you can afford$508

Studio

$391/mo

1 BR

$463/mo

2 BR

$558/mo

3 BR

$681/mo

4 BR

$837/mo

Your salary is $0 above the median income in St. Mary of the Woods.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to St. Mary of the Woods

Renting in St. Mary of the Woods is stretched but not impossible. The gap is a relatively narrow $2,020, suggesting that households slightly above median can find workable arrangements — especially with studios at $391/month.

If you're relocating to St. Mary of the Woods, target the studio or 1-bedroom tier ($391–$463/month) unless your income exceeds $22,320. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $279/month.

The break-even salary for comfortable living in St. Mary of the Woods is approximately $33,480. Below this threshold, expect housing to consume a disproportionate share of your budget, limiting discretionary spending and savings capacity.

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 St. Mary of the Woods, Indiana.

With a total population of 784, the city supports an active civilian workforce of 207 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $22,320 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

207

Active civilian employees in St. Mary of the Woods

Frequently Asked Questions About Renting in St. Mary of the Woods

What salary do I need to live in St. Mary of the Woods, Indiana?

To afford a 2-bedroom in St. Mary of the Woods under the 30% rule, you need an annual salary of at least $22,320. The median household income in St. Mary of the Woods is $20,300.

Can I afford a 2-bedroom in St. Mary of the Woods on $20,300?

The affordability verdict for St. Mary of the Woods is "Stretched". The rent-to-income ratio is 33.0%, meaning there's a $2,020 income gap.

What is the average rent in St. Mary of the Woods compared to median income?

The median gross rent in St. Mary of the Woods is $463/month. With a median household income of $20,300, residents spend approximately 33.0% of their income on rent.

What salary do I need for a studio in St. Mary of the Woods?

A studio in St. Mary of the Woods rents for approximately $391/month. Under the 30% rule, you need an annual salary of $15,640 to afford this.

Is St. Mary of the Woods considered an affordable place to live?

Based on the deficit of $2,020 and an affordability verdict of "Stretched", St. Mary of the Woods is considered a stretched rental market when comparing the required 2-bedroom salary of $22,320 to the local median household income.

How St. Mary of the Woods Compares

Other cities in Indiana with salary requirements