Affordable

What Salary Do You Need to Live in Kenyon?

To afford a 2-bedroom in Kenyon, you need to earn at least $38,640/year based on estimated fair market rent data. The median household income here is $72,734, which means the typical resident is $34,094 above the threshold.

Census ACS Data Pop. 1,820

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$676	$2,253	$27,040	$-45,694
1 Bedroom	$802	$2,673	$32,080	$-40,654
2 Bedroom BENCHMARK	$966	$3,220	$38,640	$-34,094
3 Bedroom	$1,179	$3,930	$47,160	$-25,574
4 Bedroom	$1,449	$4,830	$57,960	$-14,774

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$72,734

Annual household

2BR Required Salary

$38,640

Under 30% rule

Income Gap

+$34,094

Surplus

Verdict

Affordable

Ratio: 15.9%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Kenyon's median household income

Max monthly rent you can afford$1,818

Studio

$676/mo

1 BR

$802/mo

2 BR

$966/mo

3 BR

$1,179/mo

4 BR

$1,449/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Kenyon

Kenyon, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $72,734 significantly exceeds the $38,640 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $34,094 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Kenyon, a studio at $676/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,179/month remains accessible for dual-income households earning above $47,160.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $57,960 would position you well — though many residents in Kenyon 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 Kenyon, Minnesota.

With a total population of 1,820, the city supports an active civilian workforce of 883 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $38,640 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

883

Active civilian employees in Kenyon

Frequently Asked Questions About Renting in Kenyon

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

To afford a 2-bedroom in Kenyon under the 30% rule, you need an annual salary of at least $38,640. The median household income in Kenyon is $72,734.

Can I afford a 2-bedroom in Kenyon on $72,734?

The affordability verdict for Kenyon is "Affordable". The rent-to-income ratio is 15.9%, meaning median earners have a $34,094 surplus.

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

The median gross rent in Kenyon is $802/month. With a median household income of $72,734, residents spend approximately 15.9% of their income on rent.

What salary do I need for a studio in Kenyon?

A studio in Kenyon rents for approximately $676/month. Under the 30% rule, you need an annual salary of $27,040 to afford this.

Is Kenyon considered an affordable place to live?

Based on the surplus of $34,094 and an affordability verdict of "Affordable", Kenyon is considered a affordable rental market when comparing the required 2-bedroom salary of $38,640 to the local median household income.

How Kenyon Compares

Other cities in Minnesota with salary requirements