Affordable

What Salary Do You Need to Live in Lyle?

To afford a 2-bedroom in Lyle, you need to earn at least $23,280/year based on estimated fair market rent data. The median household income here is $53,594, which means the typical resident is $30,314 above the threshold.

Census ACS Data Pop. 488

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$407	$1,357	$16,280	$-37,314
1 Bedroom	$483	$1,610	$19,320	$-34,274
2 Bedroom BENCHMARK	$582	$1,940	$23,280	$-30,314
3 Bedroom	$710	$2,367	$28,400	$-25,194
4 Bedroom	$873	$2,910	$34,920	$-18,674

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$53,594

Annual household

2BR Required Salary

$23,280

Under 30% rule

Income Gap

+$30,314

Surplus

Verdict

Affordable

Ratio: 13.0%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Lyle's median household income

Max monthly rent you can afford$1,340

Studio

$407/mo

1 BR

$483/mo

2 BR

$582/mo

3 BR

$710/mo

4 BR

$873/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Lyle

Lyle, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $53,594 significantly exceeds the $23,280 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $30,314 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Lyle, a studio at $407/month offers an even more aggressive savings rate. Even a 3-bedroom at $710/month remains accessible for dual-income households earning above $28,400.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $34,920 would position you well — though many residents in Lyle 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 Lyle, Minnesota.

With a total population of 488, the city supports an active civilian workforce of 253 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $23,280 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

253

Active civilian employees in Lyle

Frequently Asked Questions About Renting in Lyle

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

To afford a 2-bedroom in Lyle under the 30% rule, you need an annual salary of at least $23,280. The median household income in Lyle is $53,594.

Can I afford a 2-bedroom in Lyle on $53,594?

The affordability verdict for Lyle is "Affordable". The rent-to-income ratio is 13.0%, meaning median earners have a $30,314 surplus.

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

The median gross rent in Lyle is $483/month. With a median household income of $53,594, residents spend approximately 13.0% of their income on rent.

What salary do I need for a studio in Lyle?

A studio in Lyle rents for approximately $407/month. Under the 30% rule, you need an annual salary of $16,280 to afford this.

Is Lyle considered an affordable place to live?

Based on the surplus of $30,314 and an affordability verdict of "Affordable", Lyle is considered a affordable rental market when comparing the required 2-bedroom salary of $23,280 to the local median household income.

How Lyle Compares

Other cities in Minnesota with salary requirements