Affordable

What Salary Do You Need to Live in Smithville Flats?

To afford a 2-bedroom in Smithville Flats, you need to earn at least $42,400/year based on estimated fair market rent data. The median household income here is $55,938, which means the typical resident is $13,538 above the threshold.

Census ACS Data Pop. 344

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$742	$2,473	$29,680	$-26,258
1 Bedroom	$880	$2,933	$35,200	$-20,738
2 Bedroom BENCHMARK	$1,060	$3,533	$42,400	$-13,538
3 Bedroom	$1,293	$4,310	$51,720	$-4,218
4 Bedroom	$1,590	$5,300	$63,600	+$7,662

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$55,938

Annual household

2BR Required Salary

$42,400

Under 30% rule

Income Gap

+$13,538

Surplus

Verdict

Affordable

Ratio: 22.7%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Smithville Flats

Your Annual Salary

Pre-filled with Smithville Flats's median household income

Max monthly rent you can afford$1,398

Studio

$742/mo

1 BR

$880/mo

2 BR

$1,060/mo

3 BR

$1,293/mo

4 BR

$1,590/mo

Your salary is $0 above the median income in Smithville Flats.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Smithville Flats

Living in Smithville Flats is well within reach for most median-income earners. With a $13,538 cushion between what residents earn and what a 2-bedroom requires, households in Smithville Flats typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Smithville Flats, a studio at $742/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,293/month remains accessible for dual-income households earning above $51,720.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $63,600 would position you well — though many residents in Smithville Flats 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 Smithville Flats, New York.

With a total population of 344, the city supports an active civilian workforce of 172 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $42,400 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

172

Active civilian employees in Smithville Flats

Frequently Asked Questions About Renting in Smithville Flats

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

To afford a 2-bedroom in Smithville Flats under the 30% rule, you need an annual salary of at least $42,400. The median household income in Smithville Flats is $55,938.

Can I afford a 2-bedroom in Smithville Flats on $55,938?

The affordability verdict for Smithville Flats is "Affordable". The rent-to-income ratio is 22.7%, meaning median earners have a $13,538 surplus.

What is the average rent in Smithville Flats compared to median income?

The median gross rent in Smithville Flats is $880/month. With a median household income of $55,938, residents spend approximately 22.7% of their income on rent.

What salary do I need for a studio in Smithville Flats?

A studio in Smithville Flats rents for approximately $742/month. Under the 30% rule, you need an annual salary of $29,680 to afford this.

Is Smithville Flats considered an affordable place to live?

Based on the surplus of $13,538 and an affordability verdict of "Affordable", Smithville Flats is considered a affordable rental market when comparing the required 2-bedroom salary of $42,400 to the local median household income.

How Smithville Flats Compares

Other cities in New York with salary requirements