Unaffordable

What Salary Do You Need to Live in Goodman?

To afford a 2-bedroom in Goodman, you need to earn at least $17,440/year based on estimated fair market rent data. The median household income here is $12,207, which means the typical resident is $5,233 below the threshold.

Census ACS Data Pop. 1,287

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$305	$1,017	$12,200	$-7
1 Bedroom	$362	$1,207	$14,480	+$2,273
2 Bedroom BENCHMARK	$436	$1,453	$17,440	+$5,233
3 Bedroom	$532	$1,773	$21,280	+$9,073
4 Bedroom	$654	$2,180	$26,160	+$13,953

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$12,207

Annual household

2BR Required Salary

$17,440

Under 30% rule

Income Gap

-$5,233

Deficit

Verdict

Unaffordable

Ratio: 42.9%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Goodman's median household income

Max monthly rent you can afford$305

Studio

$305/mo

1 BR

$362/mo

2 BR

$436/mo

3 BR

$532/mo

4 BR

$654/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Goodman

Renting in Goodman is unaffordable for most median earners. The $5,233 income gap means a 2-bedroom at $436/month requires significant above-median earnings or a dual-income household to be sustainable.

For those committed to Goodman, the realistic options are: (1) target a studio at $305/month, which requires $12,200/year — closer to the median; (2) find a roommate for a 2-bedroom, cutting individual costs to ~$218/month; or (3) negotiate remote work and live in a more affordable Mississippi city.

To live comfortably in Goodman without financial strain, you realistically need a household income of $26,160 or higher. This isn't just about rent — it accounts for Mississippi's overall cost of living including transportation, food, and healthcare.

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 Goodman, Mississippi.

With a total population of 1,287, the city supports an active civilian workforce of 246 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $17,440 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

246

Active civilian employees in Goodman

Frequently Asked Questions About Renting in Goodman

What salary do I need to live in Goodman, Mississippi?

To afford a 2-bedroom in Goodman under the 30% rule, you need an annual salary of at least $17,440. The median household income in Goodman is $12,207.

Can I afford a 2-bedroom in Goodman on $12,207?

The affordability verdict for Goodman is "Unaffordable". The rent-to-income ratio is 42.9%, meaning there's a $5,233 income gap.

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

The median gross rent in Goodman is $362/month. With a median household income of $12,207, residents spend approximately 42.9% of their income on rent.

What salary do I need for a studio in Goodman?

A studio in Goodman rents for approximately $305/month. Under the 30% rule, you need an annual salary of $12,200 to afford this.

Is Goodman considered an affordable place to live?

Based on the deficit of $5,233 and an affordability verdict of "Unaffordable", Goodman is considered a unaffordable rental market when comparing the required 2-bedroom salary of $17,440 to the local median household income.

How Goodman Compares

Other cities in Mississippi with salary requirements