Affordable

What Salary Do You Need to Live in Goodhue?

To afford a 2-bedroom in Goodhue, you need to earn at least $46,080/year based on estimated fair market rent data. The median household income here is $86,125, which means the typical resident is $40,045 above the threshold.

Census ACS Data Pop. 1,230

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$806	$2,687	$32,240	$-53,885
1 Bedroom	$956	$3,187	$38,240	$-47,885
2 Bedroom BENCHMARK	$1,152	$3,840	$46,080	$-40,045
3 Bedroom	$1,405	$4,683	$56,200	$-29,925
4 Bedroom	$1,728	$5,760	$69,120	$-17,005

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$86,125

Annual household

2BR Required Salary

$46,080

Under 30% rule

Income Gap

+$40,045

Surplus

Verdict

Affordable

Ratio: 16.1%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Goodhue's median household income

Max monthly rent you can afford$2,153

Studio

$806/mo

1 BR

$956/mo

2 BR

$1,152/mo

3 BR

$1,405/mo

4 BR

$1,728/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Goodhue

Goodhue, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $86,125 significantly exceeds the $46,080 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $40,045 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Goodhue, a studio at $806/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,405/month remains accessible for dual-income households earning above $56,200.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $69,120 would position you well — though many residents in Goodhue 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 Goodhue, Minnesota.

With a total population of 1,230, the city supports an active civilian workforce of 639 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $46,080 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

639

Active civilian employees in Goodhue

Frequently Asked Questions About Renting in Goodhue

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

To afford a 2-bedroom in Goodhue under the 30% rule, you need an annual salary of at least $46,080. The median household income in Goodhue is $86,125.

Can I afford a 2-bedroom in Goodhue on $86,125?

The affordability verdict for Goodhue is "Affordable". The rent-to-income ratio is 16.1%, meaning median earners have a $40,045 surplus.

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

The median gross rent in Goodhue is $956/month. With a median household income of $86,125, residents spend approximately 16.1% of their income on rent.

What salary do I need for a studio in Goodhue?

A studio in Goodhue rents for approximately $806/month. Under the 30% rule, you need an annual salary of $32,240 to afford this.

Is Goodhue considered an affordable place to live?

Based on the surplus of $40,045 and an affordability verdict of "Affordable", Goodhue is considered a affordable rental market when comparing the required 2-bedroom salary of $46,080 to the local median household income.

How Goodhue Compares

Other cities in Minnesota with salary requirements