Manageable

What Salary Do You Need to Live in Melrose?

To afford a 2-bedroom in Melrose, you need to earn at least $47,480/year based on estimated fair market rent data. The median household income here is $54,951, which means the typical resident is $7,471 above the threshold.

Census ACS Data Pop. 3,606

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$831	$2,770	$33,240	$-21,711
1 Bedroom	$985	$3,283	$39,400	$-15,551
2 Bedroom BENCHMARK	$1,187	$3,957	$47,480	$-7,471
3 Bedroom	$1,448	$4,827	$57,920	+$2,969
4 Bedroom	$1,781	$5,937	$71,240	+$16,289

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$54,951

Annual household

2BR Required Salary

$47,480

Under 30% rule

Income Gap

+$7,471

Surplus

Verdict

Manageable

Ratio: 25.9%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Melrose's median household income

Max monthly rent you can afford$1,374

Studio

$831/mo

1 BR

$985/mo

2 BR

$1,187/mo

3 BR

$1,448/mo

4 BR

$1,781/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Melrose

Renting in Melrose, Minnesota is doable for median earners, but tight. A 2-bedroom requires roughly $47,480/year under the 30% rule, and with a median income of $54,951, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($985/month) or studio ($831/month) materially improves the math. For those needing more space, a 3-bedroom in Melrose pushes the required income to $57,920.

For comfortable living in Melrose without financial stress, target a household income of at least $71,220 — 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 Melrose, Minnesota.

With a total population of 3,606, the city supports an active civilian workforce of 1,754 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $47,480 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

1,754

Active civilian employees in Melrose

Frequently Asked Questions About Renting in Melrose

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

To afford a 2-bedroom in Melrose under the 30% rule, you need an annual salary of at least $47,480. The median household income in Melrose is $54,951.

Can I afford a 2-bedroom in Melrose on $54,951?

The affordability verdict for Melrose is "Manageable". The rent-to-income ratio is 25.9%, meaning median earners have a $7,471 surplus.

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

The median gross rent in Melrose is $985/month. With a median household income of $54,951, residents spend approximately 25.9% of their income on rent.

What salary do I need for a studio in Melrose?

A studio in Melrose rents for approximately $831/month. Under the 30% rule, you need an annual salary of $33,240 to afford this.

Is Melrose considered an affordable place to live?

Based on the surplus of $7,471 and an affordability verdict of "Manageable", Melrose is considered a manageable rental market when comparing the required 2-bedroom salary of $47,480 to the local median household income.

How Melrose Compares

Other cities in Minnesota with salary requirements