Manageable

What Salary Do You Need to Live in Ellerslie?

To afford a 2-bedroom in Ellerslie, you need to earn at least $40,960/year based on estimated fair market rent data. The median household income here is $43,929, which means the typical resident is $2,969 above the threshold.

Census ACS Data Pop. 575

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$717	$2,390	$28,680	$-15,249
1 Bedroom	$850	$2,833	$34,000	$-9,929
2 Bedroom BENCHMARK	$1,024	$3,413	$40,960	$-2,969
3 Bedroom	$1,249	$4,163	$49,960	+$6,031
4 Bedroom	$1,536	$5,120	$61,440	+$17,511

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$43,929

Annual household

2BR Required Salary

$40,960

Under 30% rule

Income Gap

+$2,969

Surplus

Verdict

Manageable

Ratio: 28.0%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Ellerslie's median household income

Max monthly rent you can afford$1,098

Studio

$717/mo

1 BR

$850/mo

2 BR

$1,024/mo

3 BR

$1,249/mo

4 BR

$1,536/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Ellerslie

Ellerslie is borderline manageable — the difference between required salary and median income is just $2,969. This means most households can technically afford a 2-bedroom, but have very little breathing room for savings or emergencies.

Downsizing to a 1-bedroom ($850/month) or studio ($717/month) materially improves the math. For those needing more space, a 3-bedroom in Ellerslie pushes the required income to $49,960.

For comfortable living in Ellerslie without financial stress, target a household income of at least $61,440 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Maryland'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 Ellerslie, Maryland.

With a total population of 575, the city supports an active civilian workforce of 264 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $40,960 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

264

Active civilian employees in Ellerslie

Frequently Asked Questions About Renting in Ellerslie

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

To afford a 2-bedroom in Ellerslie under the 30% rule, you need an annual salary of at least $40,960. The median household income in Ellerslie is $43,929.

Can I afford a 2-bedroom in Ellerslie on $43,929?

The affordability verdict for Ellerslie is "Manageable". The rent-to-income ratio is 28.0%, meaning median earners have a $2,969 surplus.

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

The median gross rent in Ellerslie is $850/month. With a median household income of $43,929, residents spend approximately 28.0% of their income on rent.

What salary do I need for a studio in Ellerslie?

A studio in Ellerslie rents for approximately $717/month. Under the 30% rule, you need an annual salary of $28,680 to afford this.

Is Ellerslie considered an affordable place to live?

Based on the surplus of $2,969 and an affordability verdict of "Manageable", Ellerslie is considered a manageable rental market when comparing the required 2-bedroom salary of $40,960 to the local median household income.

How Ellerslie Compares

Other cities in Maryland with salary requirements