Affordable

What Salary Do You Need to Live in New Auburn?

To afford a 2-bedroom in New Auburn, you need to earn at least $32,520/year based on estimated fair market rent data. The median household income here is $62,125, which means the typical resident is $29,605 above the threshold.

Census ACS Data Pop. 468

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$569	$1,897	$22,760	$-39,365
1 Bedroom	$675	$2,250	$27,000	$-35,125
2 Bedroom BENCHMARK	$813	$2,710	$32,520	$-29,605
3 Bedroom	$992	$3,307	$39,680	$-22,445
4 Bedroom	$1,220	$4,067	$48,800	$-13,325

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$62,125

Annual household

2BR Required Salary

$32,520

Under 30% rule

Income Gap

+$29,605

Surplus

Verdict

Affordable

Ratio: 15.7%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in New Auburn

Your Annual Salary

Pre-filled with New Auburn's median household income

Max monthly rent you can afford$1,553

Studio

$569/mo

1 BR

$675/mo

2 BR

$813/mo

3 BR

$992/mo

4 BR

$1,220/mo

Your salary is $0 above the median income in New Auburn.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to New Auburn

New Auburn, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $62,125 significantly exceeds the $32,520 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $29,605 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating New Auburn, a studio at $569/month offers an even more aggressive savings rate. Even a 3-bedroom at $992/month remains accessible for dual-income households earning above $39,680.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $48,780 would position you well — though many residents in New Auburn 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 New Auburn, Minnesota.

With a total population of 468, the city supports an active civilian workforce of 256 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $32,520 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

256

Active civilian employees in New Auburn

Frequently Asked Questions About Renting in New Auburn

What salary do I need to live in New Auburn, Minnesota?

To afford a 2-bedroom in New Auburn under the 30% rule, you need an annual salary of at least $32,520. The median household income in New Auburn is $62,125.

Can I afford a 2-bedroom in New Auburn on $62,125?

The affordability verdict for New Auburn is "Affordable". The rent-to-income ratio is 15.7%, meaning median earners have a $29,605 surplus.

What is the average rent in New Auburn compared to median income?

The median gross rent in New Auburn is $675/month. With a median household income of $62,125, residents spend approximately 15.7% of their income on rent.

What salary do I need for a studio in New Auburn?

A studio in New Auburn rents for approximately $569/month. Under the 30% rule, you need an annual salary of $22,760 to afford this.

Is New Auburn considered an affordable place to live?

Based on the surplus of $29,605 and an affordability verdict of "Affordable", New Auburn is considered a affordable rental market when comparing the required 2-bedroom salary of $32,520 to the local median household income.

How New Auburn Compares

Other cities in Minnesota with salary requirements