Manageable

What Salary Do You Need to Live in Randolph?

To afford a 2-bedroom in Randolph, you need to earn at least $41,920/year based on estimated fair market rent data. The median household income here is $48,654, which means the typical resident is $6,734 above the threshold.

Census ACS Data Pop. 1,522

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$734	$2,447	$29,360	$-19,294
1 Bedroom	$870	$2,900	$34,800	$-13,854
2 Bedroom BENCHMARK	$1,048	$3,493	$41,920	$-6,734
3 Bedroom	$1,279	$4,263	$51,160	+$2,506
4 Bedroom	$1,572	$5,240	$62,880	+$14,226

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$48,654

Annual household

2BR Required Salary

$41,920

Under 30% rule

Income Gap

+$6,734

Surplus

Verdict

Manageable

Ratio: 25.8%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Randolph's median household income

Max monthly rent you can afford$1,216

Studio

$734/mo

1 BR

$870/mo

2 BR

$1,048/mo

3 BR

$1,279/mo

4 BR

$1,572/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Randolph

Renting in Randolph, Maine is doable for median earners, but tight. A 2-bedroom requires roughly $41,920/year under the 30% rule, and with a median income of $48,654, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($870/month) or studio ($734/month) materially improves the math. For those needing more space, a 3-bedroom in Randolph pushes the required income to $51,160.

For comfortable living in Randolph without financial stress, target a household income of at least $62,880 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Maine's cost of living.

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 Randolph, Maine.

With a total population of 1,522, the city supports an active civilian workforce of 606 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $41,920 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

606

Active civilian employees in Randolph

Frequently Asked Questions About Renting in Randolph

What salary do I need to live in Randolph, Maine?

To afford a 2-bedroom in Randolph under the 30% rule, you need an annual salary of at least $41,920. The median household income in Randolph is $48,654.

Can I afford a 2-bedroom in Randolph on $48,654?

The affordability verdict for Randolph is "Manageable". The rent-to-income ratio is 25.8%, meaning median earners have a $6,734 surplus.

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

The median gross rent in Randolph is $870/month. With a median household income of $48,654, residents spend approximately 25.8% of their income on rent.

What salary do I need for a studio in Randolph?

A studio in Randolph rents for approximately $734/month. Under the 30% rule, you need an annual salary of $29,360 to afford this.

Is Randolph considered an affordable place to live?

Based on the surplus of $6,734 and an affordability verdict of "Manageable", Randolph is considered a manageable rental market when comparing the required 2-bedroom salary of $41,920 to the local median household income.

How Randolph Compares

Other cities in Maine with salary requirements