Affordable

What Salary Do You Need to Live in Wolverton?

To afford a 2-bedroom in Wolverton, you need to earn at least $20,480/year based on estimated fair market rent data. The median household income here is $43,977, which means the typical resident is $23,497 above the threshold.

Census ACS Data Pop. 141

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$358	$1,193	$14,320	$-29,657
1 Bedroom	$425	$1,417	$17,000	$-26,977
2 Bedroom BENCHMARK	$512	$1,707	$20,480	$-23,497
3 Bedroom	$625	$2,083	$25,000	$-18,977
4 Bedroom	$768	$2,560	$30,720	$-13,257

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$43,977

Annual household

2BR Required Salary

$20,480

Under 30% rule

Income Gap

+$23,497

Surplus

Verdict

Affordable

Ratio: 14.0%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Wolverton's median household income

Max monthly rent you can afford$1,099

Studio

$358/mo

1 BR

$425/mo

2 BR

$512/mo

3 BR

$625/mo

4 BR

$768/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Wolverton

Wolverton, Minnesota stands out as one of the more financially accessible housing markets in the state. The median household income of $43,977 significantly exceeds the $20,480 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $23,497 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Wolverton, a studio at $358/month offers an even more aggressive savings rate. Even a 3-bedroom at $625/month remains accessible for dual-income households earning above $25,000.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $30,720 would position you well — though many residents in Wolverton 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 Wolverton, Minnesota.

With a total population of 141, the city supports an active civilian workforce of 73 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $20,480 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

Active civilian employees in Wolverton

Frequently Asked Questions About Renting in Wolverton

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

To afford a 2-bedroom in Wolverton under the 30% rule, you need an annual salary of at least $20,480. The median household income in Wolverton is $43,977.

Can I afford a 2-bedroom in Wolverton on $43,977?

The affordability verdict for Wolverton is "Affordable". The rent-to-income ratio is 14.0%, meaning median earners have a $23,497 surplus.

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

The median gross rent in Wolverton is $425/month. With a median household income of $43,977, residents spend approximately 14.0% of their income on rent.

What salary do I need for a studio in Wolverton?

A studio in Wolverton rents for approximately $358/month. Under the 30% rule, you need an annual salary of $14,320 to afford this.

Is Wolverton considered an affordable place to live?

Based on the surplus of $23,497 and an affordability verdict of "Affordable", Wolverton is considered a affordable rental market when comparing the required 2-bedroom salary of $20,480 to the local median household income.

How Wolverton Compares

Other cities in Minnesota with salary requirements