Affordable

What Salary Do You Need to Live in Savage?

To afford a 2-bedroom in Savage, you need to earn at least $76,880/year based on estimated fair market rent data. The median household income here is $123,069, which means the typical resident is $46,189 above the threshold.

Census ACS Data Pop. 32,441

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,345	$4,483	$53,800	$-69,269
1 Bedroom	$1,595	$5,317	$63,800	$-59,269
2 Bedroom BENCHMARK	$1,922	$6,407	$76,880	$-46,189
3 Bedroom	$2,345	$7,817	$93,800	$-29,269
4 Bedroom	$2,883	$9,610	$115,320	$-7,749

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$123,069

Annual household

2BR Required Salary

$76,880

Under 30% rule

Income Gap

+$46,189

Surplus

Verdict

Affordable

Ratio: 18.7%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Savage's median household income

Max monthly rent you can afford$3,077

Studio

$1,345/mo

1 BR

$1,595/mo

2 BR

$1,922/mo

3 BR

$2,345/mo

4 BR

$2,883/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Savage

Savage, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $123,069 significantly exceeds the $76,880 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $46,189 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Savage, a studio at $1,345/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,345/month remains accessible for dual-income households earning above $93,800.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $115,320 would position you well — though many residents in Savage 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 Savage, Minnesota.

With a total population of 32,441, the city supports an active civilian workforce of 18,631 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $76,880 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

18,631

Active civilian employees in Savage

Frequently Asked Questions About Renting in Savage

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

To afford a 2-bedroom in Savage under the 30% rule, you need an annual salary of at least $76,880. The median household income in Savage is $123,069.

Can I afford a 2-bedroom in Savage on $123,069?

The affordability verdict for Savage is "Affordable". The rent-to-income ratio is 18.7%, meaning median earners have a $46,189 surplus.

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

The median gross rent in Savage is $1,595/month. With a median household income of $123,069, residents spend approximately 18.7% of their income on rent.

What salary do I need for a studio in Savage?

A studio in Savage rents for approximately $1,345/month. Under the 30% rule, you need an annual salary of $53,800 to afford this.

Is Savage considered an affordable place to live?

Based on the surplus of $46,189 and an affordability verdict of "Affordable", Savage is considered a affordable rental market when comparing the required 2-bedroom salary of $76,880 to the local median household income.

How Savage Compares

Other cities in Minnesota with salary requirements