Affordable

What Salary Do You Need to Live in Woods Bay?

To afford a 2-bedroom in Woods Bay, you need to earn at least $56,240/year based on estimated fair market rent data. The median household income here is $98,661, which means the typical resident is $42,421 above the threshold.

Census ACS Data Pop. 737

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$984	$3,280	$39,360	$-59,301
1 Bedroom	$1,167	$3,890	$46,680	$-51,981
2 Bedroom BENCHMARK	$1,406	$4,687	$56,240	$-42,421
3 Bedroom	$1,715	$5,717	$68,600	$-30,061
4 Bedroom	$2,109	$7,030	$84,360	$-14,301

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$98,661

Annual household

2BR Required Salary

$56,240

Under 30% rule

Income Gap

+$42,421

Surplus

Verdict

Affordable

Ratio: 17.1%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Woods Bay

Your Annual Salary

Pre-filled with Woods Bay's median household income

Max monthly rent you can afford$2,467

Studio

$984/mo

1 BR

$1,167/mo

2 BR

$1,406/mo

3 BR

$1,715/mo

4 BR

$2,109/mo

Your salary is $0 above the median income in Woods Bay.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Woods Bay

Woods Bay, Montana stands out as one of the more financially accessible housing markets in the state. The median household income of $98,661 significantly exceeds the $56,240 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $42,421 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Woods Bay, a studio at $984/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,715/month remains accessible for dual-income households earning above $68,600.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $84,360 would position you well — though many residents in Woods Bay 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 Woods Bay, Montana.

With a total population of 737, the city supports an active civilian workforce of 419 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $56,240 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

419

Active civilian employees in Woods Bay

Frequently Asked Questions About Renting in Woods Bay

What salary do I need to live in Woods Bay, Montana?

To afford a 2-bedroom in Woods Bay under the 30% rule, you need an annual salary of at least $56,240. The median household income in Woods Bay is $98,661.

Can I afford a 2-bedroom in Woods Bay on $98,661?

The affordability verdict for Woods Bay is "Affordable". The rent-to-income ratio is 17.1%, meaning median earners have a $42,421 surplus.

What is the average rent in Woods Bay compared to median income?

The median gross rent in Woods Bay is $1,167/month. With a median household income of $98,661, residents spend approximately 17.1% of their income on rent.

What salary do I need for a studio in Woods Bay?

A studio in Woods Bay rents for approximately $984/month. Under the 30% rule, you need an annual salary of $39,360 to afford this.

Is Woods Bay considered an affordable place to live?

Based on the surplus of $42,421 and an affordability verdict of "Affordable", Woods Bay is considered a affordable rental market when comparing the required 2-bedroom salary of $56,240 to the local median household income.

How Woods Bay Compares

Other cities in Montana with salary requirements