Affordable

What Salary Do You Need to Live in Mahtomedi?

To afford a 2-bedroom in Mahtomedi, you need to earn at least $79,600/year based on estimated fair market rent data. The median household income here is $126,579, which means the typical resident is $46,979 above the threshold.

Census ACS Data Pop. 8,073

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,393	$4,643	$55,720	$-70,859
1 Bedroom	$1,652	$5,507	$66,080	$-60,499
2 Bedroom BENCHMARK	$1,990	$6,633	$79,600	$-46,979
3 Bedroom	$2,428	$8,093	$97,120	$-29,459
4 Bedroom	$2,985	$9,950	$119,400	$-7,179

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$126,579

Annual household

2BR Required Salary

$79,600

Under 30% rule

Income Gap

+$46,979

Surplus

Verdict

Affordable

Ratio: 18.9%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Mahtomedi's median household income

Max monthly rent you can afford$3,164

Studio

$1,393/mo

1 BR

$1,652/mo

2 BR

$1,990/mo

3 BR

$2,428/mo

4 BR

$2,985/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Mahtomedi

Mahtomedi, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $126,579 significantly exceeds the $79,600 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $46,979 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Mahtomedi, a studio at $1,393/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,428/month remains accessible for dual-income households earning above $97,120.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $119,400 would position you well — though many residents in Mahtomedi 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 Mahtomedi, Minnesota.

With a total population of 8,073, the city supports an active civilian workforce of 3,910 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $79,600 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

3,910

Active civilian employees in Mahtomedi

Frequently Asked Questions About Renting in Mahtomedi

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

To afford a 2-bedroom in Mahtomedi under the 30% rule, you need an annual salary of at least $79,600. The median household income in Mahtomedi is $126,579.

Can I afford a 2-bedroom in Mahtomedi on $126,579?

The affordability verdict for Mahtomedi is "Affordable". The rent-to-income ratio is 18.9%, meaning median earners have a $46,979 surplus.

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

The median gross rent in Mahtomedi is $1,652/month. With a median household income of $126,579, residents spend approximately 18.9% of their income on rent.

What salary do I need for a studio in Mahtomedi?

A studio in Mahtomedi rents for approximately $1,393/month. Under the 30% rule, you need an annual salary of $55,720 to afford this.

Is Mahtomedi considered an affordable place to live?

Based on the surplus of $46,979 and an affordability verdict of "Affordable", Mahtomedi is considered a affordable rental market when comparing the required 2-bedroom salary of $79,600 to the local median household income.

How Mahtomedi Compares

Other cities in Minnesota with salary requirements