Affordable

What Salary Do You Need to Live in Lyons Falls?

To afford a 2-bedroom in Lyons Falls, you need to earn at least $31,960/year based on estimated fair market rent data. The median household income here is $55,859, which means the typical resident is $23,899 above the threshold.

Census ACS Data Pop. 510

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$559	$1,863	$22,360	$-33,499
1 Bedroom	$663	$2,210	$26,520	$-29,339
2 Bedroom BENCHMARK	$799	$2,663	$31,960	$-23,899
3 Bedroom	$975	$3,250	$39,000	$-16,859
4 Bedroom	$1,199	$3,997	$47,960	$-7,899

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$55,859

Annual household

2BR Required Salary

$31,960

Under 30% rule

Income Gap

+$23,899

Surplus

Verdict

Affordable

Ratio: 17.2%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Lyons Falls

Your Annual Salary

Pre-filled with Lyons Falls's median household income

Max monthly rent you can afford$1,396

Studio

$559/mo

1 BR

$663/mo

2 BR

$799/mo

3 BR

$975/mo

4 BR

$1,199/mo

Your salary is $0 above the median income in Lyons Falls.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Lyons Falls

Lyons Falls, New York stands out as one of the more financially accessible housing markets in the state. The median household income of $55,859 significantly exceeds the $31,960 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $23,899 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Lyons Falls, a studio at $559/month offers an even more aggressive savings rate. Even a 3-bedroom at $975/month remains accessible for dual-income households earning above $39,000.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $47,940 would position you well — though many residents in Lyons Falls 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 Lyons Falls, New York.

With a total population of 510, the city supports an active civilian workforce of 186 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $31,960 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

186

Active civilian employees in Lyons Falls

Frequently Asked Questions About Renting in Lyons Falls

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

To afford a 2-bedroom in Lyons Falls under the 30% rule, you need an annual salary of at least $31,960. The median household income in Lyons Falls is $55,859.

Can I afford a 2-bedroom in Lyons Falls on $55,859?

The affordability verdict for Lyons Falls is "Affordable". The rent-to-income ratio is 17.2%, meaning median earners have a $23,899 surplus.

What is the average rent in Lyons Falls compared to median income?

The median gross rent in Lyons Falls is $663/month. With a median household income of $55,859, residents spend approximately 17.2% of their income on rent.

What salary do I need for a studio in Lyons Falls?

A studio in Lyons Falls rents for approximately $559/month. Under the 30% rule, you need an annual salary of $22,360 to afford this.

Is Lyons Falls considered an affordable place to live?

Based on the surplus of $23,899 and an affordability verdict of "Affordable", Lyons Falls is considered a affordable rental market when comparing the required 2-bedroom salary of $31,960 to the local median household income.

How Lyons Falls Compares

Other cities in New York with salary requirements