Manageable

What Salary Do You Need to Live in North Lakeville?

To afford a 2-bedroom in North Lakeville, you need to earn at least $82,800/year based on estimated fair market rent data. The median household income here is $85,123, which means the typical resident is $2,323 above the threshold.

Census ACS Data Pop. 3,635

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,449	$4,830	$57,960	$-27,163
1 Bedroom	$1,718	$5,727	$68,720	$-16,403
2 Bedroom BENCHMARK	$2,070	$6,900	$82,800	$-2,323
3 Bedroom	$2,525	$8,417	$101,000	+$15,877
4 Bedroom	$3,105	$10,350	$124,200	+$39,077

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$85,123

Annual household

2BR Required Salary

$82,800

Under 30% rule

Income Gap

+$2,323

Surplus

Verdict

Manageable

Ratio: 29.2%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in North Lakeville

Your Annual Salary

Pre-filled with North Lakeville's median household income

Max monthly rent you can afford$2,128

Studio

$1,449/mo

1 BR

$1,718/mo

2 BR

$2,070/mo

3 BR

$2,525/mo

4 BR

$3,105/mo

Your salary is $0 above the median income in North Lakeville.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to North Lakeville

North Lakeville is borderline manageable — the difference between required salary and median income is just $2,323. 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 ($1,718/month) or studio ($1,449/month) materially improves the math. For those needing more space, a 3-bedroom in North Lakeville pushes the required income to $101,000.

For comfortable living in North Lakeville without financial stress, target a household income of at least $124,200 — 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 North Lakeville, Massachusetts.

With a total population of 3,635, the city supports an active civilian workforce of 1,886 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $82,800 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

1,886

Active civilian employees in North Lakeville

Frequently Asked Questions About Renting in North Lakeville

What salary do I need to live in North Lakeville, Massachusetts?

To afford a 2-bedroom in North Lakeville under the 30% rule, you need an annual salary of at least $82,800. The median household income in North Lakeville is $85,123.

Can I afford a 2-bedroom in North Lakeville on $85,123?

The affordability verdict for North Lakeville is "Manageable". The rent-to-income ratio is 29.2%, meaning median earners have a $2,323 surplus.

What is the average rent in North Lakeville compared to median income?

The median gross rent in North Lakeville is $1,718/month. With a median household income of $85,123, residents spend approximately 29.2% of their income on rent.

What salary do I need for a studio in North Lakeville?

A studio in North Lakeville rents for approximately $1,449/month. Under the 30% rule, you need an annual salary of $57,960 to afford this.

Is North Lakeville considered an affordable place to live?

Based on the surplus of $2,323 and an affordability verdict of "Manageable", North Lakeville is considered a manageable rental market when comparing the required 2-bedroom salary of $82,800 to the local median household income.

How North Lakeville Compares

Other cities in Massachusetts with salary requirements