Affordable

What Salary Do You Need to Live in Alden?

To afford a 2-bedroom in Alden, you need to earn at least $47,240/year based on estimated fair market rent data. The median household income here is $75,000, which means the typical resident is $27,760 above the threshold.

Census ACS Data Pop. 633

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$827	$2,757	$33,080	$-41,920
1 Bedroom	$980	$3,267	$39,200	$-35,800
2 Bedroom BENCHMARK	$1,181	$3,937	$47,240	$-27,760
3 Bedroom	$1,441	$4,803	$57,640	$-17,360
4 Bedroom	$1,772	$5,907	$70,880	$-4,120

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$75,000

Annual household

2BR Required Salary

$47,240

Under 30% rule

Income Gap

+$27,760

Surplus

Verdict

Affordable

Ratio: 18.9%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Alden's median household income

Max monthly rent you can afford$1,875

Studio

$827/mo

1 BR

$980/mo

2 BR

$1,181/mo

3 BR

$1,441/mo

4 BR

$1,772/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Alden

Alden, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $75,000 significantly exceeds the $47,240 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $27,760 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Alden, a studio at $827/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,441/month remains accessible for dual-income households earning above $57,640.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $70,860 would position you well — though many residents in Alden 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 Alden, Minnesota.

With a total population of 633, the city supports an active civilian workforce of 391 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $47,240 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

391

Active civilian employees in Alden

Frequently Asked Questions About Renting in Alden

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

To afford a 2-bedroom in Alden under the 30% rule, you need an annual salary of at least $47,240. The median household income in Alden is $75,000.

Can I afford a 2-bedroom in Alden on $75,000?

The affordability verdict for Alden is "Affordable". The rent-to-income ratio is 18.9%, meaning median earners have a $27,760 surplus.

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

The median gross rent in Alden is $980/month. With a median household income of $75,000, residents spend approximately 18.9% of their income on rent.

What salary do I need for a studio in Alden?

A studio in Alden rents for approximately $827/month. Under the 30% rule, you need an annual salary of $33,080 to afford this.

Is Alden considered an affordable place to live?

Based on the surplus of $27,760 and an affordability verdict of "Affordable", Alden is considered a affordable rental market when comparing the required 2-bedroom salary of $47,240 to the local median household income.

How Alden Compares

Other cities in Minnesota with salary requirements