Affordable

What Salary Do You Need to Live in Ellicottville?

To afford a 2-bedroom in Ellicottville, you need to earn at least $58,200/year based on estimated fair market rent data. The median household income here is $88,646, which means the typical resident is $30,446 above the threshold.

Census ACS Data Pop. 374

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,018	$3,393	$40,720	$-47,926
1 Bedroom	$1,208	$4,027	$48,320	$-40,326
2 Bedroom BENCHMARK	$1,455	$4,850	$58,200	$-30,446
3 Bedroom	$1,775	$5,917	$71,000	$-17,646
4 Bedroom	$2,183	$7,277	$87,320	$-1,326

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$88,646

Annual household

2BR Required Salary

$58,200

Under 30% rule

Income Gap

+$30,446

Surplus

Verdict

Affordable

Ratio: 19.7%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Ellicottville's median household income

Max monthly rent you can afford$2,216

Studio

$1,018/mo

1 BR

$1,208/mo

2 BR

$1,455/mo

3 BR

$1,775/mo

4 BR

$2,183/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Ellicottville

Ellicottville, New York stands out as one of the more financially accessible housing markets in the state. The median household income of $88,646 significantly exceeds the $58,200 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $30,446 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Ellicottville, a studio at $1,018/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,775/month remains accessible for dual-income households earning above $71,000.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $87,300 would position you well — though many residents in Ellicottville 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 Ellicottville, New York.

With a total population of 374, the city supports an active civilian workforce of 190 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $58,200 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

190

Active civilian employees in Ellicottville

Frequently Asked Questions About Renting in Ellicottville

What salary do I need to live in Ellicottville, New York?

To afford a 2-bedroom in Ellicottville under the 30% rule, you need an annual salary of at least $58,200. The median household income in Ellicottville is $88,646.

Can I afford a 2-bedroom in Ellicottville on $88,646?

The affordability verdict for Ellicottville is "Affordable". The rent-to-income ratio is 19.7%, meaning median earners have a $30,446 surplus.

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

The median gross rent in Ellicottville is $1,208/month. With a median household income of $88,646, residents spend approximately 19.7% of their income on rent.

What salary do I need for a studio in Ellicottville?

A studio in Ellicottville rents for approximately $1,018/month. Under the 30% rule, you need an annual salary of $40,720 to afford this.

Is Ellicottville considered an affordable place to live?

Based on the surplus of $30,446 and an affordability verdict of "Affordable", Ellicottville is considered a affordable rental market when comparing the required 2-bedroom salary of $58,200 to the local median household income.

How Ellicottville Compares

Other cities in New York with salary requirements