Affordable

What Salary Do You Need to Live in Felton?

To afford a 2-bedroom in Felton, you need to earn at least $27,200/year based on estimated fair market rent data. The median household income here is $63,000, which means the typical resident is $35,800 above the threshold.

Census ACS Data Pop. 155

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$476	$1,587	$19,040	$-43,960
1 Bedroom	$564	$1,880	$22,560	$-40,440
2 Bedroom BENCHMARK	$680	$2,267	$27,200	$-35,800
3 Bedroom	$830	$2,767	$33,200	$-29,800
4 Bedroom	$1,020	$3,400	$40,800	$-22,200

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$63,000

Annual household

2BR Required Salary

$27,200

Under 30% rule

Income Gap

+$35,800

Surplus

Verdict

Affordable

Ratio: 13.0%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Felton's median household income

Max monthly rent you can afford$1,575

Studio

$476/mo

1 BR

$564/mo

2 BR

$680/mo

3 BR

$830/mo

4 BR

$1,020/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Felton

Felton, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $63,000 significantly exceeds the $27,200 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $35,800 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Felton, a studio at $476/month offers an even more aggressive savings rate. Even a 3-bedroom at $830/month remains accessible for dual-income households earning above $33,200.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $40,800 would position you well — though many residents in Felton 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 Felton, Minnesota.

With a total population of 155, the city supports an active civilian workforce of 87 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $27,200 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 Felton

Frequently Asked Questions About Renting in Felton

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

To afford a 2-bedroom in Felton under the 30% rule, you need an annual salary of at least $27,200. The median household income in Felton is $63,000.

Can I afford a 2-bedroom in Felton on $63,000?

The affordability verdict for Felton is "Affordable". The rent-to-income ratio is 13.0%, meaning median earners have a $35,800 surplus.

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

The median gross rent in Felton is $564/month. With a median household income of $63,000, residents spend approximately 13.0% of their income on rent.

What salary do I need for a studio in Felton?

A studio in Felton rents for approximately $476/month. Under the 30% rule, you need an annual salary of $19,040 to afford this.

Is Felton considered an affordable place to live?

Based on the surplus of $35,800 and an affordability verdict of "Affordable", Felton is considered a affordable rental market when comparing the required 2-bedroom salary of $27,200 to the local median household income.

How Felton Compares

Other cities in Minnesota with salary requirements