Affordable

What Salary Do You Need to Live in Cody?

To afford a 2-bedroom in Cody, you need to earn at least $30,760/year based on estimated fair market rent data. The median household income here is $48,750, which means the typical resident is $17,990 above the threshold.

Census ACS Data Pop. 181

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$538	$1,793	$21,520	$-27,230
1 Bedroom	$638	$2,127	$25,520	$-23,230
2 Bedroom BENCHMARK	$769	$2,563	$30,760	$-17,990
3 Bedroom	$938	$3,127	$37,520	$-11,230
4 Bedroom	$1,154	$3,847	$46,160	$-2,590

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$48,750

Annual household

2BR Required Salary

$30,760

Under 30% rule

Income Gap

+$17,990

Surplus

Verdict

Affordable

Ratio: 18.9%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Cody's median household income

Max monthly rent you can afford$1,219

Studio

$538/mo

1 BR

$638/mo

2 BR

$769/mo

3 BR

$938/mo

4 BR

$1,154/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Cody

Living in Cody is well within reach for most median-income earners. With a $17,990 cushion between what residents earn and what a 2-bedroom requires, households in Cody typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Cody, a studio at $538/month offers an even more aggressive savings rate. Even a 3-bedroom at $938/month remains accessible for dual-income households earning above $37,520.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $46,140 would position you well — though many residents in Cody 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 Cody, Nebraska.

With a total population of 181, the city supports an active civilian workforce of 91 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $30,760 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 Cody

Frequently Asked Questions About Renting in Cody

What salary do I need to live in Cody, Nebraska?

To afford a 2-bedroom in Cody under the 30% rule, you need an annual salary of at least $30,760. The median household income in Cody is $48,750.

Can I afford a 2-bedroom in Cody on $48,750?

The affordability verdict for Cody is "Affordable". The rent-to-income ratio is 18.9%, meaning median earners have a $17,990 surplus.

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

The median gross rent in Cody is $638/month. With a median household income of $48,750, residents spend approximately 18.9% of their income on rent.

What salary do I need for a studio in Cody?

A studio in Cody rents for approximately $538/month. Under the 30% rule, you need an annual salary of $21,520 to afford this.

Is Cody considered an affordable place to live?

Based on the surplus of $17,990 and an affordability verdict of "Affordable", Cody is considered a affordable rental market when comparing the required 2-bedroom salary of $30,760 to the local median household income.

How Cody Compares

Other cities in Nebraska with salary requirements