Manageable

What Salary Do You Need to Live in Akeley?

To afford a 2-bedroom in Akeley, you need to earn at least $40,960/year based on estimated fair market rent data. The median household income here is $47,083, which means the typical resident is $6,123 above the threshold.

Census ACS Data Pop. 363

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$717	$2,390	$28,680	$-18,403
1 Bedroom	$850	$2,833	$34,000	$-13,083
2 Bedroom BENCHMARK	$1,024	$3,413	$40,960	$-6,123
3 Bedroom	$1,249	$4,163	$49,960	+$2,877
4 Bedroom	$1,536	$5,120	$61,440	+$14,357

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$47,083

Annual household

2BR Required Salary

$40,960

Under 30% rule

Income Gap

+$6,123

Surplus

Verdict

Manageable

Ratio: 26.1%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Akeley's median household income

Max monthly rent you can afford$1,177

Studio

$717/mo

1 BR

$850/mo

2 BR

$1,024/mo

3 BR

$1,249/mo

4 BR

$1,536/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Akeley

Renting in Akeley, Minnesota is doable for median earners, but tight. A 2-bedroom requires roughly $40,960/year under the 30% rule, and with a median income of $47,083, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($850/month) or studio ($717/month) materially improves the math. For those needing more space, a 3-bedroom in Akeley pushes the required income to $49,960.

For comfortable living in Akeley without financial stress, target a household income of at least $61,440 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Minnesota'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 Akeley, Minnesota.

With a total population of 363, the city supports an active civilian workforce of 119 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $40,960 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

119

Active civilian employees in Akeley

Frequently Asked Questions About Renting in Akeley

What salary do I need to live in Akeley, Minnesota?

To afford a 2-bedroom in Akeley under the 30% rule, you need an annual salary of at least $40,960. The median household income in Akeley is $47,083.

Can I afford a 2-bedroom in Akeley on $47,083?

The affordability verdict for Akeley is "Manageable". The rent-to-income ratio is 26.1%, meaning median earners have a $6,123 surplus.

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

The median gross rent in Akeley is $850/month. With a median household income of $47,083, residents spend approximately 26.1% of their income on rent.

What salary do I need for a studio in Akeley?

A studio in Akeley rents for approximately $717/month. Under the 30% rule, you need an annual salary of $28,680 to afford this.

Is Akeley considered an affordable place to live?

Based on the surplus of $6,123 and an affordability verdict of "Manageable", Akeley is considered a manageable rental market when comparing the required 2-bedroom salary of $40,960 to the local median household income.

How Akeley Compares

Other cities in Minnesota with salary requirements