Unaffordable

What Salary Do You Need to Live in Gully?

To afford a 2-bedroom in Gully, you need to earn at least $79,520/year based on estimated fair market rent data. The median household income here is $39,265, which means the typical resident is $40,255 below the threshold.

Census ACS Data Pop. 49

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,392	$4,640	$55,680	+$16,415
1 Bedroom	$1,650	$5,500	$66,000	+$26,735
2 Bedroom BENCHMARK	$1,988	$6,627	$79,520	+$40,255
3 Bedroom	$2,425	$8,083	$97,000	+$57,735
4 Bedroom	$2,982	$9,940	$119,280	+$80,015

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$39,265

Annual household

2BR Required Salary

$79,520

Under 30% rule

Income Gap

-$40,255

Deficit

Verdict

Unaffordable

Ratio: 60.8%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Gully's median household income

Max monthly rent you can afford$982

Studio

$1,392/mo

1 BR

$1,650/mo

2 BR

$1,988/mo

3 BR

$2,425/mo

4 BR

$2,982/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Gully

Gully, Minnesota is one of the most expensive rental markets relative to local incomes. The median household earning $39,265 faces a staggering $40,255 deficit against the $79,520 needed for a 2-bedroom — meaning the typical resident cannot afford market-rate rent under standard financial guidelines.

For those committed to Gully, the realistic options are: (1) target a studio at $1,392/month, which requires $55,680/year — closer to the median; (2) find a roommate for a 2-bedroom, cutting individual costs to ~$994/month; or (3) negotiate remote work and live in a more affordable Minnesota city.

To live comfortably in Gully without financial strain, you realistically need a household income of $119,280 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 Gully, Minnesota.

With a total population of 49, the city supports an active civilian workforce of 30 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $79,520 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

Active civilian employees in Gully

Frequently Asked Questions About Renting in Gully

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

To afford a 2-bedroom in Gully under the 30% rule, you need an annual salary of at least $79,520. The median household income in Gully is $39,265.

Can I afford a 2-bedroom in Gully on $39,265?

The affordability verdict for Gully is "Unaffordable". The rent-to-income ratio is 60.8%, meaning there's a $40,255 income gap.

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

The median gross rent in Gully is $1,650/month. With a median household income of $39,265, residents spend approximately 60.8% of their income on rent.

What salary do I need for a studio in Gully?

A studio in Gully rents for approximately $1,392/month. Under the 30% rule, you need an annual salary of $55,680 to afford this.

Is Gully considered an affordable place to live?

Based on the deficit of $40,255 and an affordability verdict of "Unaffordable", Gully is considered a unaffordable rental market when comparing the required 2-bedroom salary of $79,520 to the local median household income.

How Gully Compares

Other cities in Minnesota with salary requirements