Manageable

What Salary Do You Need to Live in Ironton?

To afford a 2-bedroom in Ironton, you need to earn at least $43,360/year based on estimated fair market rent data. The median household income here is $48,125, which means the typical resident is $4,765 above the threshold.

Census ACS Data Pop. 559

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$759	$2,530	$30,360	$-17,765
1 Bedroom	$900	$3,000	$36,000	$-12,125
2 Bedroom BENCHMARK	$1,084	$3,613	$43,360	$-4,765
3 Bedroom	$1,322	$4,407	$52,880	+$4,755
4 Bedroom	$1,626	$5,420	$65,040	+$16,915

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$48,125

Annual household

2BR Required Salary

$43,360

Under 30% rule

Income Gap

+$4,765

Surplus

Verdict

Manageable

Ratio: 27.0%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Ironton's median household income

Max monthly rent you can afford$1,203

Studio

$759/mo

1 BR

$900/mo

2 BR

$1,084/mo

3 BR

$1,322/mo

4 BR

$1,626/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Ironton

Ironton is borderline manageable — the difference between required salary and median income is just $4,765. This means most households can technically afford a 2-bedroom, but have very little breathing room for savings or emergencies.

Downsizing to a 1-bedroom ($900/month) or studio ($759/month) materially improves the math. For those needing more space, a 3-bedroom in Ironton pushes the required income to $52,880.

For comfortable living in Ironton without financial stress, target a household income of at least $65,040 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Minnesota's cost of living.

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 Ironton, Minnesota.

With a total population of 559, the city supports an active civilian workforce of 231 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $43,360 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

231

Active civilian employees in Ironton

Frequently Asked Questions About Renting in Ironton

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

To afford a 2-bedroom in Ironton under the 30% rule, you need an annual salary of at least $43,360. The median household income in Ironton is $48,125.

Can I afford a 2-bedroom in Ironton on $48,125?

The affordability verdict for Ironton is "Manageable". The rent-to-income ratio is 27.0%, meaning median earners have a $4,765 surplus.

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

The median gross rent in Ironton is $900/month. With a median household income of $48,125, residents spend approximately 27.0% of their income on rent.

What salary do I need for a studio in Ironton?

A studio in Ironton rents for approximately $759/month. Under the 30% rule, you need an annual salary of $30,360 to afford this.

Is Ironton considered an affordable place to live?

Based on the surplus of $4,765 and an affordability verdict of "Manageable", Ironton is considered a manageable rental market when comparing the required 2-bedroom salary of $43,360 to the local median household income.

How Ironton Compares

Other cities in Minnesota with salary requirements