Affordable

What Salary Do You Need to Live in Clarks Grove?

To afford a 2-bedroom in Clarks Grove, you need to earn at least $41,360/year based on estimated fair market rent data. The median household income here is $59,286, which means the typical resident is $17,926 above the threshold.

Census ACS Data Pop. 738

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$724	$2,413	$28,960	$-30,326
1 Bedroom	$858	$2,860	$34,320	$-24,966
2 Bedroom BENCHMARK	$1,034	$3,447	$41,360	$-17,926
3 Bedroom	$1,261	$4,203	$50,440	$-8,846
4 Bedroom	$1,551	$5,170	$62,040	+$2,754

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$59,286

Annual household

2BR Required Salary

$41,360

Under 30% rule

Income Gap

+$17,926

Surplus

Verdict

Affordable

Ratio: 20.9%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Clarks Grove

Your Annual Salary

Pre-filled with Clarks Grove's median household income

Max monthly rent you can afford$1,482

Studio

$724/mo

1 BR

$858/mo

2 BR

$1,034/mo

3 BR

$1,261/mo

4 BR

$1,551/mo

Your salary is $0 above the median income in Clarks Grove.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Clarks Grove

Living in Clarks Grove is well within reach for most median-income earners. With a $17,926 cushion between what residents earn and what a 2-bedroom requires, households in Clarks Grove typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Clarks Grove, a studio at $724/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,261/month remains accessible for dual-income households earning above $50,440.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $62,040 would position you well — though many residents in Clarks Grove 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 Clarks Grove, Minnesota.

With a total population of 738, the city supports an active civilian workforce of 365 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $41,360 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

365

Active civilian employees in Clarks Grove

Frequently Asked Questions About Renting in Clarks Grove

What salary do I need to live in Clarks Grove, Minnesota?

To afford a 2-bedroom in Clarks Grove under the 30% rule, you need an annual salary of at least $41,360. The median household income in Clarks Grove is $59,286.

Can I afford a 2-bedroom in Clarks Grove on $59,286?

The affordability verdict for Clarks Grove is "Affordable". The rent-to-income ratio is 20.9%, meaning median earners have a $17,926 surplus.

What is the average rent in Clarks Grove compared to median income?

The median gross rent in Clarks Grove is $858/month. With a median household income of $59,286, residents spend approximately 20.9% of their income on rent.

What salary do I need for a studio in Clarks Grove?

A studio in Clarks Grove rents for approximately $724/month. Under the 30% rule, you need an annual salary of $28,960 to afford this.

Is Clarks Grove considered an affordable place to live?

Based on the surplus of $17,926 and an affordability verdict of "Affordable", Clarks Grove is considered a affordable rental market when comparing the required 2-bedroom salary of $41,360 to the local median household income.

How Clarks Grove Compares

Other cities in Minnesota with salary requirements