Stretched

What Salary Do You Need to Live in Renova?

To afford a 2-bedroom in Renova, you need to earn at least $28,400/year based on estimated fair market rent data. The median household income here is $25,974, which means the typical resident is $2,426 below the threshold.

Census ACS Data Pop. 1,008

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$497	$1,657	$19,880	$-6,094
1 Bedroom	$589	$1,963	$23,560	$-2,414
2 Bedroom BENCHMARK	$710	$2,367	$28,400	+$2,426
3 Bedroom	$866	$2,887	$34,640	+$8,666
4 Bedroom	$1,065	$3,550	$42,600	+$16,626

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$25,974

Annual household

2BR Required Salary

$28,400

Under 30% rule

Income Gap

-$2,426

Deficit

Verdict

Stretched

Ratio: 32.8%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Renova's median household income

Max monthly rent you can afford$649

Studio

$497/mo

1 BR

$589/mo

2 BR

$710/mo

3 BR

$866/mo

4 BR

$1,065/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Renova

Renting in Renova is stretched but not impossible. The gap is a relatively narrow $2,426, suggesting that households slightly above median can find workable arrangements — especially with studios at $497/month.

If you're relocating to Renova, target the studio or 1-bedroom tier ($497–$589/month) unless your income exceeds $28,400. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $355/month.

The break-even salary for comfortable living in Renova is approximately $42,600. Below this threshold, expect housing to consume a disproportionate share of your budget, limiting discretionary spending and savings capacity.

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 Renova, Mississippi.

With a total population of 1,008, the city supports an active civilian workforce of 347 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $28,400 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

347

Active civilian employees in Renova

Frequently Asked Questions About Renting in Renova

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

To afford a 2-bedroom in Renova under the 30% rule, you need an annual salary of at least $28,400. The median household income in Renova is $25,974.

Can I afford a 2-bedroom in Renova on $25,974?

The affordability verdict for Renova is "Stretched". The rent-to-income ratio is 32.8%, meaning there's a $2,426 income gap.

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

The median gross rent in Renova is $589/month. With a median household income of $25,974, residents spend approximately 32.8% of their income on rent.

What salary do I need for a studio in Renova?

A studio in Renova rents for approximately $497/month. Under the 30% rule, you need an annual salary of $19,880 to afford this.

Is Renova considered an affordable place to live?

Based on the deficit of $2,426 and an affordability verdict of "Stretched", Renova is considered a stretched rental market when comparing the required 2-bedroom salary of $28,400 to the local median household income.

How Renova Compares

Other cities in Mississippi with salary requirements