Affordable

What Salary Do You Need to Live in Skidmore?

To afford a 2-bedroom in Skidmore, you need to earn at least $30,120/year based on estimated fair market rent data. The median household income here is $41,544, which means the typical resident is $11,424 above the threshold.

Census ACS Data Pop. 227

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$527	$1,757	$21,080	$-20,464
1 Bedroom	$625	$2,083	$25,000	$-16,544
2 Bedroom BENCHMARK	$753	$2,510	$30,120	$-11,424
3 Bedroom	$919	$3,063	$36,760	$-4,784
4 Bedroom	$1,130	$3,767	$45,200	+$3,656

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$41,544

Annual household

2BR Required Salary

$30,120

Under 30% rule

Income Gap

+$11,424

Surplus

Verdict

Affordable

Ratio: 21.8%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Skidmore's median household income

Max monthly rent you can afford$1,039

Studio

$527/mo

1 BR

$625/mo

2 BR

$753/mo

3 BR

$919/mo

4 BR

$1,130/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Skidmore

Living in Skidmore is well within reach for most median-income earners. With a $11,424 cushion between what residents earn and what a 2-bedroom requires, households in Skidmore typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Skidmore, a studio at $527/month offers an even more aggressive savings rate. Even a 3-bedroom at $919/month remains accessible for dual-income households earning above $36,760.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $45,180 would position you well — though many residents in Skidmore 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 Skidmore, Missouri.

With a total population of 227, the city supports an active civilian workforce of 101 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $30,120 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

101

Active civilian employees in Skidmore

Frequently Asked Questions About Renting in Skidmore

What salary do I need to live in Skidmore, Missouri?

To afford a 2-bedroom in Skidmore under the 30% rule, you need an annual salary of at least $30,120. The median household income in Skidmore is $41,544.

Can I afford a 2-bedroom in Skidmore on $41,544?

The affordability verdict for Skidmore is "Affordable". The rent-to-income ratio is 21.8%, meaning median earners have a $11,424 surplus.

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

The median gross rent in Skidmore is $625/month. With a median household income of $41,544, residents spend approximately 21.8% of their income on rent.

What salary do I need for a studio in Skidmore?

A studio in Skidmore rents for approximately $527/month. Under the 30% rule, you need an annual salary of $21,080 to afford this.

Is Skidmore considered an affordable place to live?

Based on the surplus of $11,424 and an affordability verdict of "Affordable", Skidmore is considered a affordable rental market when comparing the required 2-bedroom salary of $30,120 to the local median household income.

How Skidmore Compares

Other cities in Missouri with salary requirements