Affordable

What Salary Do You Need to Live in Ransomville?

To afford a 2-bedroom in Ransomville, you need to earn at least $38,280/year based on estimated fair market rent data. The median household income here is $78,854, which means the typical resident is $40,574 above the threshold.

Census ACS Data Pop. 1,554

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$670	$2,233	$26,800	$-52,054
1 Bedroom	$794	$2,647	$31,760	$-47,094
2 Bedroom BENCHMARK	$957	$3,190	$38,280	$-40,574
3 Bedroom	$1,168	$3,893	$46,720	$-32,134
4 Bedroom	$1,436	$4,787	$57,440	$-21,414

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$78,854

Annual household

2BR Required Salary

$38,280

Under 30% rule

Income Gap

+$40,574

Surplus

Verdict

Affordable

Ratio: 14.6%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Ransomville's median household income

Max monthly rent you can afford$1,971

Studio

$670/mo

1 BR

$794/mo

2 BR

$957/mo

3 BR

$1,168/mo

4 BR

$1,436/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Ransomville

Ransomville, New York stands out as one of the more financially accessible housing markets in the state. The median household income of $78,854 significantly exceeds the $38,280 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $40,574 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Ransomville, a studio at $670/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,168/month remains accessible for dual-income households earning above $46,720.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $57,420 would position you well — though many residents in Ransomville 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 Ransomville, New York.

With a total population of 1,554, the city supports an active civilian workforce of 856 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $38,280 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

856

Active civilian employees in Ransomville

Frequently Asked Questions About Renting in Ransomville

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

To afford a 2-bedroom in Ransomville under the 30% rule, you need an annual salary of at least $38,280. The median household income in Ransomville is $78,854.

Can I afford a 2-bedroom in Ransomville on $78,854?

The affordability verdict for Ransomville is "Affordable". The rent-to-income ratio is 14.6%, meaning median earners have a $40,574 surplus.

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

The median gross rent in Ransomville is $794/month. With a median household income of $78,854, residents spend approximately 14.6% of their income on rent.

What salary do I need for a studio in Ransomville?

A studio in Ransomville rents for approximately $670/month. Under the 30% rule, you need an annual salary of $26,800 to afford this.

Is Ransomville considered an affordable place to live?

Based on the surplus of $40,574 and an affordability verdict of "Affordable", Ransomville is considered a affordable rental market when comparing the required 2-bedroom salary of $38,280 to the local median household income.

How Ransomville Compares

Other cities in New York with salary requirements