Affordable

What Salary Do You Need to Live in Oakdale?

To afford a 2-bedroom in Oakdale, you need to earn at least $59,760/year based on estimated fair market rent data. The median household income here is $86,003, which means the typical resident is $26,243 above the threshold.

Census ACS Data Pop. 28,029

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,046	$3,487	$41,840	$-44,163
1 Bedroom	$1,240	$4,133	$49,600	$-36,403
2 Bedroom BENCHMARK	$1,494	$4,980	$59,760	$-26,243
3 Bedroom	$1,823	$6,077	$72,920	$-13,083
4 Bedroom	$2,241	$7,470	$89,640	+$3,637

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$86,003

Annual household

2BR Required Salary

$59,760

Under 30% rule

Income Gap

+$26,243

Surplus

Verdict

Affordable

Ratio: 20.8%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Oakdale's median household income

Max monthly rent you can afford$2,150

Studio

$1,046/mo

1 BR

$1,240/mo

2 BR

$1,494/mo

3 BR

$1,823/mo

4 BR

$2,241/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Oakdale

Oakdale, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $86,003 significantly exceeds the $59,760 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $26,243 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Oakdale, a studio at $1,046/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,823/month remains accessible for dual-income households earning above $72,920.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $89,640 would position you well — though many residents in Oakdale 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 Oakdale, Minnesota.

With a total population of 28,029, the city supports an active civilian workforce of 14,465 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $59,760 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

14,465

Active civilian employees in Oakdale

Frequently Asked Questions About Renting in Oakdale

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

To afford a 2-bedroom in Oakdale under the 30% rule, you need an annual salary of at least $59,760. The median household income in Oakdale is $86,003.

Can I afford a 2-bedroom in Oakdale on $86,003?

The affordability verdict for Oakdale is "Affordable". The rent-to-income ratio is 20.8%, meaning median earners have a $26,243 surplus.

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

The median gross rent in Oakdale is $1,240/month. With a median household income of $86,003, residents spend approximately 20.8% of their income on rent.

What salary do I need for a studio in Oakdale?

A studio in Oakdale rents for approximately $1,046/month. Under the 30% rule, you need an annual salary of $41,840 to afford this.

Is Oakdale considered an affordable place to live?

Based on the surplus of $26,243 and an affordability verdict of "Affordable", Oakdale is considered a affordable rental market when comparing the required 2-bedroom salary of $59,760 to the local median household income.

How Oakdale Compares

Other cities in Minnesota with salary requirements