Affordable

What Salary Do You Need to Live in Scandia?

To afford a 2-bedroom in Scandia, you need to earn at least $43,320/year based on estimated fair market rent data. The median household income here is $97,159, which means the typical resident is $53,839 above the threshold.

Census ACS Data Pop. 3,965

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$758	$2,527	$30,320	$-66,839
1 Bedroom	$899	$2,997	$35,960	$-61,199
2 Bedroom BENCHMARK	$1,083	$3,610	$43,320	$-53,839
3 Bedroom	$1,321	$4,403	$52,840	$-44,319
4 Bedroom	$1,625	$5,417	$65,000	$-32,159

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$97,159

Annual household

2BR Required Salary

$43,320

Under 30% rule

Income Gap

+$53,839

Surplus

Verdict

Affordable

Ratio: 13.4%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Scandia's median household income

Max monthly rent you can afford$2,429

Studio

$758/mo

1 BR

$899/mo

2 BR

$1,083/mo

3 BR

$1,321/mo

4 BR

$1,625/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Scandia

Scandia, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $97,159 significantly exceeds the $43,320 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $53,839 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Scandia, a studio at $758/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,321/month remains accessible for dual-income households earning above $52,840.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $64,980 would position you well — though many residents in Scandia 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 Scandia, Minnesota.

With a total population of 3,965, the city supports an active civilian workforce of 1,578 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $43,320 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

1,578

Active civilian employees in Scandia

Frequently Asked Questions About Renting in Scandia

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

To afford a 2-bedroom in Scandia under the 30% rule, you need an annual salary of at least $43,320. The median household income in Scandia is $97,159.

Can I afford a 2-bedroom in Scandia on $97,159?

The affordability verdict for Scandia is "Affordable". The rent-to-income ratio is 13.4%, meaning median earners have a $53,839 surplus.

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

The median gross rent in Scandia is $899/month. With a median household income of $97,159, residents spend approximately 13.4% of their income on rent.

What salary do I need for a studio in Scandia?

A studio in Scandia rents for approximately $758/month. Under the 30% rule, you need an annual salary of $30,320 to afford this.

Is Scandia considered an affordable place to live?

Based on the surplus of $53,839 and an affordability verdict of "Affordable", Scandia is considered a affordable rental market when comparing the required 2-bedroom salary of $43,320 to the local median household income.

How Scandia Compares

Other cities in Minnesota with salary requirements