Unaffordable

What Salary Do You Need to Live in Dennison?

To afford a 2-bedroom in Dennison, you need to earn at least $69,080/year based on estimated fair market rent data. The median household income here is $42,750, which means the typical resident is $26,330 below the threshold.

Census ACS Data Pop. 216

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,209	$4,030	$48,360	+$5,610
1 Bedroom	$1,433	$4,777	$57,320	+$14,570
2 Bedroom BENCHMARK	$1,727	$5,757	$69,080	+$26,330
3 Bedroom	$2,107	$7,023	$84,280	+$41,530
4 Bedroom	$2,591	$8,637	$103,640	+$60,890

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$42,750

Annual household

2BR Required Salary

$69,080

Under 30% rule

Income Gap

-$26,330

Deficit

Verdict

Unaffordable

Ratio: 48.5%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Dennison's median household income

Max monthly rent you can afford$1,069

Studio

$1,209/mo

1 BR

$1,433/mo

2 BR

$1,727/mo

3 BR

$2,107/mo

4 BR

$2,591/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Dennison

Dennison, Minnesota is one of the most expensive rental markets relative to local incomes. The median household earning $42,750 faces a staggering $26,330 deficit against the $69,080 needed for a 2-bedroom — meaning the typical resident cannot afford market-rate rent under standard financial guidelines.

For those committed to Dennison, the realistic options are: (1) target a studio at $1,209/month, which requires $48,360/year — closer to the median; (2) find a roommate for a 2-bedroom, cutting individual costs to ~$864/month; or (3) negotiate remote work and live in a more affordable Minnesota city.

To live comfortably in Dennison without financial strain, you realistically need a household income of $103,620 or higher. This isn't just about rent — it accounts for Minnesota's overall cost of living including transportation, food, and healthcare.

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 Dennison, Minnesota.

With a total population of 216, the city supports an active civilian workforce of 98 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $69,080 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

Active civilian employees in Dennison

Frequently Asked Questions About Renting in Dennison

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

To afford a 2-bedroom in Dennison under the 30% rule, you need an annual salary of at least $69,080. The median household income in Dennison is $42,750.

Can I afford a 2-bedroom in Dennison on $42,750?

The affordability verdict for Dennison is "Unaffordable". The rent-to-income ratio is 48.5%, meaning there's a $26,330 income gap.

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

The median gross rent in Dennison is $1,433/month. With a median household income of $42,750, residents spend approximately 48.5% of their income on rent.

What salary do I need for a studio in Dennison?

A studio in Dennison rents for approximately $1,209/month. Under the 30% rule, you need an annual salary of $48,360 to afford this.

Is Dennison considered an affordable place to live?

Based on the deficit of $26,330 and an affordability verdict of "Unaffordable", Dennison is considered a unaffordable rental market when comparing the required 2-bedroom salary of $69,080 to the local median household income.

How Dennison Compares

Other cities in Minnesota with salary requirements