Manageable

What Salary Do You Need to Live in Monument Beach?

To afford a 2-bedroom in Monument Beach, you need to earn at least $84,000/year based on estimated fair market rent data. The median household income here is $93,688, which means the typical resident is $9,688 above the threshold.

Census ACS Data Pop. 3,024

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,470	$4,900	$58,800	$-34,888
1 Bedroom	$1,743	$5,810	$69,720	$-23,968
2 Bedroom BENCHMARK	$2,100	$7,000	$84,000	$-9,688
3 Bedroom	$2,562	$8,540	$102,480	+$8,792
4 Bedroom	$3,150	$10,500	$126,000	+$32,312

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$93,688

Annual household

2BR Required Salary

$84,000

Under 30% rule

Income Gap

+$9,688

Surplus

Verdict

Manageable

Ratio: 26.9%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Monument Beach

Your Annual Salary

Pre-filled with Monument Beach's median household income

Max monthly rent you can afford$2,342

Studio

$1,470/mo

1 BR

$1,743/mo

2 BR

$2,100/mo

3 BR

$2,562/mo

4 BR

$3,150/mo

Your salary is $0 above the median income in Monument Beach.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Monument Beach

Renting in Monument Beach, Massachusetts is doable for median earners, but tight. A 2-bedroom requires roughly $84,000/year under the 30% rule, and with a median income of $93,688, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($1,743/month) or studio ($1,470/month) materially improves the math. For those needing more space, a 3-bedroom in Monument Beach pushes the required income to $102,480.

For comfortable living in Monument Beach without financial stress, target a household income of at least $126,000 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Massachusetts'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 Monument Beach, Massachusetts.

With a total population of 3,024, the city supports an active civilian workforce of 1,541 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $84,000 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

1,541

Active civilian employees in Monument Beach

Frequently Asked Questions About Renting in Monument Beach

What salary do I need to live in Monument Beach, Massachusetts?

To afford a 2-bedroom in Monument Beach under the 30% rule, you need an annual salary of at least $84,000. The median household income in Monument Beach is $93,688.

Can I afford a 2-bedroom in Monument Beach on $93,688?

The affordability verdict for Monument Beach is "Manageable". The rent-to-income ratio is 26.9%, meaning median earners have a $9,688 surplus.

What is the average rent in Monument Beach compared to median income?

The median gross rent in Monument Beach is $1,743/month. With a median household income of $93,688, residents spend approximately 26.9% of their income on rent.

What salary do I need for a studio in Monument Beach?

A studio in Monument Beach rents for approximately $1,470/month. Under the 30% rule, you need an annual salary of $58,800 to afford this.

Is Monument Beach considered an affordable place to live?

Based on the surplus of $9,688 and an affordability verdict of "Manageable", Monument Beach is considered a manageable rental market when comparing the required 2-bedroom salary of $84,000 to the local median household income.

How Monument Beach Compares

Other cities in Massachusetts with salary requirements