Affordable

What Salary Do You Need to Live in Augusta?

To afford a 2-bedroom in Augusta, you need to earn at least $41,440/year based on estimated fair market rent data. The median household income here is $66,144, which means the typical resident is $24,704 above the threshold.

Census ACS Data Pop. 955

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$725	$2,417	$29,000	$-37,144
1 Bedroom	$860	$2,867	$34,400	$-31,744
2 Bedroom BENCHMARK	$1,036	$3,453	$41,440	$-24,704
3 Bedroom	$1,264	$4,213	$50,560	$-15,584
4 Bedroom	$1,554	$5,180	$62,160	$-3,984

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$66,144

Annual household

2BR Required Salary

$41,440

Under 30% rule

Income Gap

+$24,704

Surplus

Verdict

Affordable

Ratio: 18.8%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Augusta's median household income

Max monthly rent you can afford$1,654

Studio

$725/mo

1 BR

$860/mo

2 BR

$1,036/mo

3 BR

$1,264/mo

4 BR

$1,554/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Augusta

Augusta, Michigan stands out as one of the more financially accessible housing markets in the state. The median household income of $66,144 significantly exceeds the $41,440 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $24,704 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Augusta, a studio at $725/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,264/month remains accessible for dual-income households earning above $50,560.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $62,160 would position you well — though many residents in Augusta 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 Augusta, Michigan.

With a total population of 955, the city supports an active civilian workforce of 504 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $41,440 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

504

Active civilian employees in Augusta

Frequently Asked Questions About Renting in Augusta

What salary do I need to live in Augusta, Michigan?

To afford a 2-bedroom in Augusta under the 30% rule, you need an annual salary of at least $41,440. The median household income in Augusta is $66,144.

Can I afford a 2-bedroom in Augusta on $66,144?

The affordability verdict for Augusta is "Affordable". The rent-to-income ratio is 18.8%, meaning median earners have a $24,704 surplus.

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

The median gross rent in Augusta is $860/month. With a median household income of $66,144, residents spend approximately 18.8% of their income on rent.

What salary do I need for a studio in Augusta?

A studio in Augusta rents for approximately $725/month. Under the 30% rule, you need an annual salary of $29,000 to afford this.

Is Augusta considered an affordable place to live?

Based on the surplus of $24,704 and an affordability verdict of "Affordable", Augusta is considered a affordable rental market when comparing the required 2-bedroom salary of $41,440 to the local median household income.

How Augusta Compares

Other cities in Michigan with salary requirements