Affordable

What Salary Do You Need to Live in Palco?

To afford a 2-bedroom in Palco, you need to earn at least $26,200/year based on estimated fair market rent data. The median household income here is $62,000, which means the typical resident is $35,800 above the threshold.

Census ACS Data Pop. 161

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$458	$1,527	$18,320	$-43,680
1 Bedroom	$544	$1,813	$21,760	$-40,240
2 Bedroom BENCHMARK	$655	$2,183	$26,200	$-35,800
3 Bedroom	$799	$2,663	$31,960	$-30,040
4 Bedroom	$983	$3,277	$39,320	$-22,680

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$62,000

Annual household

2BR Required Salary

$26,200

Under 30% rule

Income Gap

+$35,800

Surplus

Verdict

Affordable

Ratio: 12.7%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Palco's median household income

Max monthly rent you can afford$1,550

Studio

$458/mo

1 BR

$544/mo

2 BR

$655/mo

3 BR

$799/mo

4 BR

$983/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Palco

Palco, Kansas stands out as one of the more financially accessible housing markets in the state. The median household income of $62,000 significantly exceeds the $26,200 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $35,800 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Palco, a studio at $458/month offers an even more aggressive savings rate. Even a 3-bedroom at $799/month remains accessible for dual-income households earning above $31,960.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $39,300 would position you well — though many residents in Palco 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 Palco, Kansas.

With a total population of 161, the city supports an active civilian workforce of 64 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $26,200 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

Active civilian employees in Palco

Frequently Asked Questions About Renting in Palco

What salary do I need to live in Palco, Kansas?

To afford a 2-bedroom in Palco under the 30% rule, you need an annual salary of at least $26,200. The median household income in Palco is $62,000.

Can I afford a 2-bedroom in Palco on $62,000?

The affordability verdict for Palco is "Affordable". The rent-to-income ratio is 12.7%, meaning median earners have a $35,800 surplus.

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

The median gross rent in Palco is $544/month. With a median household income of $62,000, residents spend approximately 12.7% of their income on rent.

What salary do I need for a studio in Palco?

A studio in Palco rents for approximately $458/month. Under the 30% rule, you need an annual salary of $18,320 to afford this.

Is Palco considered an affordable place to live?

Based on the surplus of $35,800 and an affordability verdict of "Affordable", Palco is considered a affordable rental market when comparing the required 2-bedroom salary of $26,200 to the local median household income.

How Palco Compares

Other cities in Kansas with salary requirements