Affordable

What Salary Do You Need to Live in Hollandale?

To afford a 2-bedroom in Hollandale, you need to earn at least $33,360/year based on estimated fair market rent data. The median household income here is $61,250, which means the typical resident is $27,890 above the threshold.

Census ACS Data Pop. 338

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$584	$1,947	$23,360	$-37,890
1 Bedroom	$692	$2,307	$27,680	$-33,570
2 Bedroom BENCHMARK	$834	$2,780	$33,360	$-27,890
3 Bedroom	$1,017	$3,390	$40,680	$-20,570
4 Bedroom	$1,251	$4,170	$50,040	$-11,210

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$61,250

Annual household

2BR Required Salary

$33,360

Under 30% rule

Income Gap

+$27,890

Surplus

Verdict

Affordable

Ratio: 16.3%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Hollandale's median household income

Max monthly rent you can afford$1,531

Studio

$584/mo

1 BR

$692/mo

2 BR

$834/mo

3 BR

$1,017/mo

4 BR

$1,251/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Hollandale

Hollandale, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $61,250 significantly exceeds the $33,360 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $27,890 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Hollandale, a studio at $584/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,017/month remains accessible for dual-income households earning above $40,680.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $50,040 would position you well — though many residents in Hollandale 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 Hollandale, Minnesota.

With a total population of 338, the city supports an active civilian workforce of 130 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $33,360 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

130

Active civilian employees in Hollandale

Frequently Asked Questions About Renting in Hollandale

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

To afford a 2-bedroom in Hollandale under the 30% rule, you need an annual salary of at least $33,360. The median household income in Hollandale is $61,250.

Can I afford a 2-bedroom in Hollandale on $61,250?

The affordability verdict for Hollandale is "Affordable". The rent-to-income ratio is 16.3%, meaning median earners have a $27,890 surplus.

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

The median gross rent in Hollandale is $692/month. With a median household income of $61,250, residents spend approximately 16.3% of their income on rent.

What salary do I need for a studio in Hollandale?

A studio in Hollandale rents for approximately $584/month. Under the 30% rule, you need an annual salary of $23,360 to afford this.

Is Hollandale considered an affordable place to live?

Based on the surplus of $27,890 and an affordability verdict of "Affordable", Hollandale is considered a affordable rental market when comparing the required 2-bedroom salary of $33,360 to the local median household income.

How Hollandale Compares

Other cities in Minnesota with salary requirements