Affordable

What Salary Do You Need to Live in Ipswich?

To afford a 2-bedroom in Ipswich, you need to earn at least $65,880/year based on estimated fair market rent data. The median household income here is $95,342, which means the typical resident is $29,462 above the threshold.

Census ACS Data Pop. 4,872

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,153	$3,843	$46,120	$-49,222
1 Bedroom	$1,367	$4,557	$54,680	$-40,662
2 Bedroom BENCHMARK	$1,647	$5,490	$65,880	$-29,462
3 Bedroom	$2,009	$6,697	$80,360	$-14,982
4 Bedroom	$2,471	$8,237	$98,840	+$3,498

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$95,342

Annual household

2BR Required Salary

$65,880

Under 30% rule

Income Gap

+$29,462

Surplus

Verdict

Affordable

Ratio: 20.7%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Ipswich's median household income

Max monthly rent you can afford$2,384

Studio

$1,153/mo

1 BR

$1,367/mo

2 BR

$1,647/mo

3 BR

$2,009/mo

4 BR

$2,471/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Ipswich

Ipswich, Massachusetts stands out as one of the more financially accessible housing markets in the state. The median household income of $95,342 significantly exceeds the $65,880 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $29,462 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Ipswich, a studio at $1,153/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,009/month remains accessible for dual-income households earning above $80,360.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $98,820 would position you well — though many residents in Ipswich 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 Ipswich, Massachusetts.

With a total population of 4,872, the city supports an active civilian workforce of 2,821 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $65,880 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

2,821

Active civilian employees in Ipswich

Frequently Asked Questions About Renting in Ipswich

What salary do I need to live in Ipswich, Massachusetts?

To afford a 2-bedroom in Ipswich under the 30% rule, you need an annual salary of at least $65,880. The median household income in Ipswich is $95,342.

Can I afford a 2-bedroom in Ipswich on $95,342?

The affordability verdict for Ipswich is "Affordable". The rent-to-income ratio is 20.7%, meaning median earners have a $29,462 surplus.

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

The median gross rent in Ipswich is $1,367/month. With a median household income of $95,342, residents spend approximately 20.7% of their income on rent.

What salary do I need for a studio in Ipswich?

A studio in Ipswich rents for approximately $1,153/month. Under the 30% rule, you need an annual salary of $46,120 to afford this.

Is Ipswich considered an affordable place to live?

Based on the surplus of $29,462 and an affordability verdict of "Affordable", Ipswich is considered a affordable rental market when comparing the required 2-bedroom salary of $65,880 to the local median household income.

How Ipswich Compares

Other cities in Massachusetts with salary requirements