Affordable

What Salary Do You Need to Live in Stewartville?

To afford a 2-bedroom in Stewartville, you need to earn at least $45,560/year based on estimated fair market rent data. The median household income here is $92,961, which means the typical resident is $47,401 above the threshold.

Census ACS Data Pop. 6,684

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$797	$2,657	$31,880	$-61,081
1 Bedroom	$945	$3,150	$37,800	$-55,161
2 Bedroom BENCHMARK	$1,139	$3,797	$45,560	$-47,401
3 Bedroom	$1,390	$4,633	$55,600	$-37,361
4 Bedroom	$1,709	$5,697	$68,360	$-24,601

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$92,961

Annual household

2BR Required Salary

$45,560

Under 30% rule

Income Gap

+$47,401

Surplus

Verdict

Affordable

Ratio: 14.7%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Stewartville's median household income

Max monthly rent you can afford$2,324

Studio

$797/mo

1 BR

$945/mo

2 BR

$1,139/mo

3 BR

$1,390/mo

4 BR

$1,709/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Stewartville

Stewartville, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $92,961 significantly exceeds the $45,560 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $47,401 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Stewartville, a studio at $797/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,390/month remains accessible for dual-income households earning above $55,600.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $68,340 would position you well — though many residents in Stewartville 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 Stewartville, Minnesota.

With a total population of 6,684, the city supports an active civilian workforce of 3,485 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $45,560 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

3,485

Active civilian employees in Stewartville

Frequently Asked Questions About Renting in Stewartville

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

To afford a 2-bedroom in Stewartville under the 30% rule, you need an annual salary of at least $45,560. The median household income in Stewartville is $92,961.

Can I afford a 2-bedroom in Stewartville on $92,961?

The affordability verdict for Stewartville is "Affordable". The rent-to-income ratio is 14.7%, meaning median earners have a $47,401 surplus.

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

The median gross rent in Stewartville is $945/month. With a median household income of $92,961, residents spend approximately 14.7% of their income on rent.

What salary do I need for a studio in Stewartville?

A studio in Stewartville rents for approximately $797/month. Under the 30% rule, you need an annual salary of $31,880 to afford this.

Is Stewartville considered an affordable place to live?

Based on the surplus of $47,401 and an affordability verdict of "Affordable", Stewartville is considered a affordable rental market when comparing the required 2-bedroom salary of $45,560 to the local median household income.

How Stewartville Compares

Other cities in Minnesota with salary requirements