Affordable

What Salary Do You Need to Live in Colesville?

To afford a 2-bedroom in Colesville, you need to earn at least $88,960/year based on estimated fair market rent data. The median household income here is $139,894, which means the typical resident is $50,934 above the threshold.

Census ACS Data Pop. 13,704

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,557	$5,190	$62,280	$-77,614
1 Bedroom	$1,846	$6,153	$73,840	$-66,054
2 Bedroom BENCHMARK	$2,224	$7,413	$88,960	$-50,934
3 Bedroom	$2,713	$9,043	$108,520	$-31,374
4 Bedroom	$3,336	$11,120	$133,440	$-6,454

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$139,894

Annual household

2BR Required Salary

$88,960

Under 30% rule

Income Gap

+$50,934

Surplus

Verdict

Affordable

Ratio: 19.1%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Colesville's median household income

Max monthly rent you can afford$3,497

Studio

$1,557/mo

1 BR

$1,846/mo

2 BR

$2,224/mo

3 BR

$2,713/mo

4 BR

$3,336/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Colesville

Colesville, Maryland stands out as one of the more financially accessible housing markets in the state. The median household income of $139,894 significantly exceeds the $88,960 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $50,934 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Colesville, a studio at $1,557/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,713/month remains accessible for dual-income households earning above $108,520.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $133,440 would position you well — though many residents in Colesville 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 Colesville, Maryland.

With a total population of 13,704, the city supports an active civilian workforce of 6,771 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $88,960 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

6,771

Active civilian employees in Colesville

Frequently Asked Questions About Renting in Colesville

What salary do I need to live in Colesville, Maryland?

To afford a 2-bedroom in Colesville under the 30% rule, you need an annual salary of at least $88,960. The median household income in Colesville is $139,894.

Can I afford a 2-bedroom in Colesville on $139,894?

The affordability verdict for Colesville is "Affordable". The rent-to-income ratio is 19.1%, meaning median earners have a $50,934 surplus.

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

The median gross rent in Colesville is $1,846/month. With a median household income of $139,894, residents spend approximately 19.1% of their income on rent.

What salary do I need for a studio in Colesville?

A studio in Colesville rents for approximately $1,557/month. Under the 30% rule, you need an annual salary of $62,280 to afford this.

Is Colesville considered an affordable place to live?

Based on the surplus of $50,934 and an affordability verdict of "Affordable", Colesville is considered a affordable rental market when comparing the required 2-bedroom salary of $88,960 to the local median household income.

How Colesville Compares

Other cities in Maryland with salary requirements