Affordable

What Salary Do You Need to Live in Hibbing?

To afford a 2-bedroom in Hibbing, you need to earn at least $33,640/year based on estimated fair market rent data. The median household income here is $52,881, which means the typical resident is $19,241 above the threshold.

Census ACS Data Pop. 16,167

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$589	$1,963	$23,560	$-29,321
1 Bedroom	$698	$2,327	$27,920	$-24,961
2 Bedroom BENCHMARK	$841	$2,803	$33,640	$-19,241
3 Bedroom	$1,026	$3,420	$41,040	$-11,841
4 Bedroom	$1,262	$4,207	$50,480	$-2,401

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$52,881

Annual household

2BR Required Salary

$33,640

Under 30% rule

Income Gap

+$19,241

Surplus

Verdict

Affordable

Ratio: 19.1%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Hibbing's median household income

Max monthly rent you can afford$1,322

Studio

$589/mo

1 BR

$698/mo

2 BR

$841/mo

3 BR

$1,026/mo

4 BR

$1,262/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Hibbing

Living in Hibbing is well within reach for most median-income earners. With a $19,241 cushion between what residents earn and what a 2-bedroom requires, households in Hibbing typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Hibbing, a studio at $589/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,026/month remains accessible for dual-income households earning above $41,040.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $50,460 would position you well — though many residents in Hibbing 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 Hibbing, Minnesota.

With a total population of 16,167, the city supports an active civilian workforce of 7,237 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $33,640 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

7,237

Active civilian employees in Hibbing

Frequently Asked Questions About Renting in Hibbing

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

To afford a 2-bedroom in Hibbing under the 30% rule, you need an annual salary of at least $33,640. The median household income in Hibbing is $52,881.

Can I afford a 2-bedroom in Hibbing on $52,881?

The affordability verdict for Hibbing is "Affordable". The rent-to-income ratio is 19.1%, meaning median earners have a $19,241 surplus.

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

The median gross rent in Hibbing is $698/month. With a median household income of $52,881, residents spend approximately 19.1% of their income on rent.

What salary do I need for a studio in Hibbing?

A studio in Hibbing rents for approximately $589/month. Under the 30% rule, you need an annual salary of $23,560 to afford this.

Is Hibbing considered an affordable place to live?

Based on the surplus of $19,241 and an affordability verdict of "Affordable", Hibbing is considered a affordable rental market when comparing the required 2-bedroom salary of $33,640 to the local median household income.

How Hibbing Compares

Other cities in Minnesota with salary requirements