Affordable

What Salary Do You Need to Live in Tracy?

To afford a 2-bedroom in Tracy, you need to earn at least $26,120/year based on estimated fair market rent data. The median household income here is $63,201, which means the typical resident is $37,081 above the threshold.

Census ACS Data Pop. 2,006

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$457	$1,523	$18,280	$-44,921
1 Bedroom	$542	$1,807	$21,680	$-41,521
2 Bedroom BENCHMARK	$653	$2,177	$26,120	$-37,081
3 Bedroom	$797	$2,657	$31,880	$-31,321
4 Bedroom	$980	$3,267	$39,200	$-24,001

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$63,201

Annual household

2BR Required Salary

$26,120

Under 30% rule

Income Gap

+$37,081

Surplus

Verdict

Affordable

Ratio: 12.4%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Tracy's median household income

Max monthly rent you can afford$1,580

Studio

$457/mo

1 BR

$542/mo

2 BR

$653/mo

3 BR

$797/mo

4 BR

$980/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Tracy

Tracy, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $63,201 significantly exceeds the $26,120 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $37,081 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Tracy, a studio at $457/month offers an even more aggressive savings rate. Even a 3-bedroom at $797/month remains accessible for dual-income households earning above $31,880.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $39,180 would position you well — though many residents in Tracy 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 Tracy, Minnesota.

With a total population of 2,006, the city supports an active civilian workforce of 976 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $26,120 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

976

Active civilian employees in Tracy

Frequently Asked Questions About Renting in Tracy

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

To afford a 2-bedroom in Tracy under the 30% rule, you need an annual salary of at least $26,120. The median household income in Tracy is $63,201.

Can I afford a 2-bedroom in Tracy on $63,201?

The affordability verdict for Tracy is "Affordable". The rent-to-income ratio is 12.4%, meaning median earners have a $37,081 surplus.

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

The median gross rent in Tracy is $542/month. With a median household income of $63,201, residents spend approximately 12.4% of their income on rent.

What salary do I need for a studio in Tracy?

A studio in Tracy rents for approximately $457/month. Under the 30% rule, you need an annual salary of $18,280 to afford this.

Is Tracy considered an affordable place to live?

Based on the surplus of $37,081 and an affordability verdict of "Affordable", Tracy is considered a affordable rental market when comparing the required 2-bedroom salary of $26,120 to the local median household income.

How Tracy Compares

Other cities in Minnesota with salary requirements