Affordable

What Salary Do You Need to Live in Beardsley?

To afford a 2-bedroom in Beardsley, you need to earn at least $30,520/year based on estimated fair market rent data. The median household income here is $63,750, which means the typical resident is $33,230 above the threshold.

Census ACS Data Pop. 241

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$534	$1,780	$21,360	$-42,390
1 Bedroom	$633	$2,110	$25,320	$-38,430
2 Bedroom BENCHMARK	$763	$2,543	$30,520	$-33,230
3 Bedroom	$931	$3,103	$37,240	$-26,510
4 Bedroom	$1,145	$3,817	$45,800	$-17,950

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$63,750

Annual household

2BR Required Salary

$30,520

Under 30% rule

Income Gap

+$33,230

Surplus

Verdict

Affordable

Ratio: 14.4%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Beardsley's median household income

Max monthly rent you can afford$1,594

Studio

$534/mo

1 BR

$633/mo

2 BR

$763/mo

3 BR

$931/mo

4 BR

$1,145/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Beardsley

Beardsley, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $63,750 significantly exceeds the $30,520 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $33,230 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Beardsley, a studio at $534/month offers an even more aggressive savings rate. Even a 3-bedroom at $931/month remains accessible for dual-income households earning above $37,240.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $45,780 would position you well — though many residents in Beardsley 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 Beardsley, Minnesota.

With a total population of 241, the city supports an active civilian workforce of 122 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $30,520 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

122

Active civilian employees in Beardsley

Frequently Asked Questions About Renting in Beardsley

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

To afford a 2-bedroom in Beardsley under the 30% rule, you need an annual salary of at least $30,520. The median household income in Beardsley is $63,750.

Can I afford a 2-bedroom in Beardsley on $63,750?

The affordability verdict for Beardsley is "Affordable". The rent-to-income ratio is 14.4%, meaning median earners have a $33,230 surplus.

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

The median gross rent in Beardsley is $633/month. With a median household income of $63,750, residents spend approximately 14.4% of their income on rent.

What salary do I need for a studio in Beardsley?

A studio in Beardsley rents for approximately $534/month. Under the 30% rule, you need an annual salary of $21,360 to afford this.

Is Beardsley considered an affordable place to live?

Based on the surplus of $33,230 and an affordability verdict of "Affordable", Beardsley is considered a affordable rental market when comparing the required 2-bedroom salary of $30,520 to the local median household income.

How Beardsley Compares

Other cities in Minnesota with salary requirements