Affordable

What Salary Do You Need to Live in Maynard?

To afford a 2-bedroom in Maynard, you need to earn at least $29,640/year based on estimated fair market rent data. The median household income here is $40,882, which means the typical resident is $11,242 above the threshold.

Census ACS Data Pop. 271

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$519	$1,730	$20,760	$-20,122
1 Bedroom	$615	$2,050	$24,600	$-16,282
2 Bedroom BENCHMARK	$741	$2,470	$29,640	$-11,242
3 Bedroom	$904	$3,013	$36,160	$-4,722
4 Bedroom	$1,112	$3,707	$44,480	+$3,598

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$40,882

Annual household

2BR Required Salary

$29,640

Under 30% rule

Income Gap

+$11,242

Surplus

Verdict

Affordable

Ratio: 21.8%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Maynard's median household income

Max monthly rent you can afford$1,022

Studio

$519/mo

1 BR

$615/mo

2 BR

$741/mo

3 BR

$904/mo

4 BR

$1,112/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Maynard

Living in Maynard is well within reach for most median-income earners. With a $11,242 cushion between what residents earn and what a 2-bedroom requires, households in Maynard typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Maynard, a studio at $519/month offers an even more aggressive savings rate. Even a 3-bedroom at $904/month remains accessible for dual-income households earning above $36,160.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $44,460 would position you well — though many residents in Maynard 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 Maynard, Minnesota.

With a total population of 271, the city supports an active civilian workforce of 156 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $29,640 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

156

Active civilian employees in Maynard

Frequently Asked Questions About Renting in Maynard

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

To afford a 2-bedroom in Maynard under the 30% rule, you need an annual salary of at least $29,640. The median household income in Maynard is $40,882.

Can I afford a 2-bedroom in Maynard on $40,882?

The affordability verdict for Maynard is "Affordable". The rent-to-income ratio is 21.8%, meaning median earners have a $11,242 surplus.

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

The median gross rent in Maynard is $615/month. With a median household income of $40,882, residents spend approximately 21.8% of their income on rent.

What salary do I need for a studio in Maynard?

A studio in Maynard rents for approximately $519/month. Under the 30% rule, you need an annual salary of $20,760 to afford this.

Is Maynard considered an affordable place to live?

Based on the surplus of $11,242 and an affordability verdict of "Affordable", Maynard is considered a affordable rental market when comparing the required 2-bedroom salary of $29,640 to the local median household income.

How Maynard Compares

Other cities in Minnesota with salary requirements