Affordable

What Salary Do You Need to Live in Walton?

To afford a 2-bedroom in Walton, you need to earn at least $27,800/year based on estimated fair market rent data. The median household income here is $45,750, which means the typical resident is $17,950 above the threshold.

Census ACS Data Pop. 770

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$486	$1,620	$19,440	$-26,310
1 Bedroom	$577	$1,923	$23,080	$-22,670
2 Bedroom BENCHMARK	$695	$2,317	$27,800	$-17,950
3 Bedroom	$848	$2,827	$33,920	$-11,830
4 Bedroom	$1,043	$3,477	$41,720	$-4,030

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$45,750

Annual household

2BR Required Salary

$27,800

Under 30% rule

Income Gap

+$17,950

Surplus

Verdict

Affordable

Ratio: 18.2%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Walton's median household income

Max monthly rent you can afford$1,144

Studio

$486/mo

1 BR

$577/mo

2 BR

$695/mo

3 BR

$848/mo

4 BR

$1,043/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Walton

Living in Walton is well within reach for most median-income earners. With a $17,950 cushion between what residents earn and what a 2-bedroom requires, households in Walton typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Walton, a studio at $486/month offers an even more aggressive savings rate. Even a 3-bedroom at $848/month remains accessible for dual-income households earning above $33,920.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $41,700 would position you well — though many residents in Walton 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 Walton, Indiana.

With a total population of 770, the city supports an active civilian workforce of 396 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $27,800 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

396

Active civilian employees in Walton

Frequently Asked Questions About Renting in Walton

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

To afford a 2-bedroom in Walton under the 30% rule, you need an annual salary of at least $27,800. The median household income in Walton is $45,750.

Can I afford a 2-bedroom in Walton on $45,750?

The affordability verdict for Walton is "Affordable". The rent-to-income ratio is 18.2%, meaning median earners have a $17,950 surplus.

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

The median gross rent in Walton is $577/month. With a median household income of $45,750, residents spend approximately 18.2% of their income on rent.

What salary do I need for a studio in Walton?

A studio in Walton rents for approximately $486/month. Under the 30% rule, you need an annual salary of $19,440 to afford this.

Is Walton considered an affordable place to live?

Based on the surplus of $17,950 and an affordability verdict of "Affordable", Walton is considered a affordable rental market when comparing the required 2-bedroom salary of $27,800 to the local median household income.

How Walton Compares

Other cities in Indiana with salary requirements