Affordable

What Salary Do You Need to Live in South Range?

To afford a 2-bedroom in South Range, you need to earn at least $30,040/year based on estimated fair market rent data. The median household income here is $46,250, which means the typical resident is $16,210 above the threshold.

Census ACS Data Pop. 509

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$526	$1,753	$21,040	$-25,210
1 Bedroom	$623	$2,077	$24,920	$-21,330
2 Bedroom BENCHMARK	$751	$2,503	$30,040	$-16,210
3 Bedroom	$916	$3,053	$36,640	$-9,610
4 Bedroom	$1,127	$3,757	$45,080	$-1,170

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$46,250

Annual household

2BR Required Salary

$30,040

Under 30% rule

Income Gap

+$16,210

Surplus

Verdict

Affordable

Ratio: 19.5%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in South Range

Your Annual Salary

Pre-filled with South Range's median household income

Max monthly rent you can afford$1,156

Studio

$526/mo

1 BR

$623/mo

2 BR

$751/mo

3 BR

$916/mo

4 BR

$1,127/mo

Your salary is $0 above the median income in South Range.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to South Range

Living in South Range is well within reach for most median-income earners. With a $16,210 cushion between what residents earn and what a 2-bedroom requires, households in South Range typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating South Range, a studio at $526/month offers an even more aggressive savings rate. Even a 3-bedroom at $916/month remains accessible for dual-income households earning above $36,640.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $45,060 would position you well — though many residents in South Range 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 South Range, Michigan.

With a total population of 509, the city supports an active civilian workforce of 230 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $30,040 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

230

Active civilian employees in South Range

Frequently Asked Questions About Renting in South Range

What salary do I need to live in South Range, Michigan?

To afford a 2-bedroom in South Range under the 30% rule, you need an annual salary of at least $30,040. The median household income in South Range is $46,250.

Can I afford a 2-bedroom in South Range on $46,250?

The affordability verdict for South Range is "Affordable". The rent-to-income ratio is 19.5%, meaning median earners have a $16,210 surplus.

What is the average rent in South Range compared to median income?

The median gross rent in South Range is $623/month. With a median household income of $46,250, residents spend approximately 19.5% of their income on rent.

What salary do I need for a studio in South Range?

A studio in South Range rents for approximately $526/month. Under the 30% rule, you need an annual salary of $21,040 to afford this.

Is South Range considered an affordable place to live?

Based on the surplus of $16,210 and an affordability verdict of "Affordable", South Range is considered a affordable rental market when comparing the required 2-bedroom salary of $30,040 to the local median household income.

How South Range Compares

Other cities in Michigan with salary requirements