Affordable

What Salary Do You Need to Live in Versailles?

To afford a 2-bedroom in Versailles, you need to earn at least $45,080/year based on estimated fair market rent data. The median household income here is $55,606, which means the typical resident is $10,526 above the threshold.

Census ACS Data Pop. 10,297

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$789	$2,630	$31,560	$-24,046
1 Bedroom	$935	$3,117	$37,400	$-18,206
2 Bedroom BENCHMARK	$1,127	$3,757	$45,080	$-10,526
3 Bedroom	$1,375	$4,583	$55,000	$-606
4 Bedroom	$1,691	$5,637	$67,640	+$12,034

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$55,606

Annual household

2BR Required Salary

$45,080

Under 30% rule

Income Gap

+$10,526

Surplus

Verdict

Affordable

Ratio: 24.3%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Versailles's median household income

Max monthly rent you can afford$1,390

Studio

$789/mo

1 BR

$935/mo

2 BR

$1,127/mo

3 BR

$1,375/mo

4 BR

$1,691/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Versailles

Living in Versailles is well within reach for most median-income earners. With a $10,526 cushion between what residents earn and what a 2-bedroom requires, households in Versailles typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Versailles, a studio at $789/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,375/month remains accessible for dual-income households earning above $55,000.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $67,620 would position you well — though many residents in Versailles 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 Versailles, Kentucky.

With a total population of 10,297, the city supports an active civilian workforce of 5,424 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $45,080 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

5,424

Active civilian employees in Versailles

Frequently Asked Questions About Renting in Versailles

What salary do I need to live in Versailles, Kentucky?

To afford a 2-bedroom in Versailles under the 30% rule, you need an annual salary of at least $45,080. The median household income in Versailles is $55,606.

Can I afford a 2-bedroom in Versailles on $55,606?

The affordability verdict for Versailles is "Affordable". The rent-to-income ratio is 24.3%, meaning median earners have a $10,526 surplus.

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

The median gross rent in Versailles is $935/month. With a median household income of $55,606, residents spend approximately 24.3% of their income on rent.

What salary do I need for a studio in Versailles?

A studio in Versailles rents for approximately $789/month. Under the 30% rule, you need an annual salary of $31,560 to afford this.

Is Versailles considered an affordable place to live?

Based on the surplus of $10,526 and an affordability verdict of "Affordable", Versailles is considered a affordable rental market when comparing the required 2-bedroom salary of $45,080 to the local median household income.

How Versailles Compares

Other cities in Kentucky with salary requirements