Manageable

What Salary Do You Need to Live in Waverly?

To afford a 2-bedroom in Waverly, you need to earn at least $41,400/year based on estimated fair market rent data. The median household income here is $49,060, which means the typical resident is $7,660 above the threshold.

Census ACS Data Pop. 4,360

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$725	$2,417	$29,000	$-20,060
1 Bedroom	$859	$2,863	$34,360	$-14,700
2 Bedroom BENCHMARK	$1,035	$3,450	$41,400	$-7,660
3 Bedroom	$1,263	$4,210	$50,520	+$1,460
4 Bedroom	$1,553	$5,177	$62,120	+$13,060

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$49,060

Annual household

2BR Required Salary

$41,400

Under 30% rule

Income Gap

+$7,660

Surplus

Verdict

Manageable

Ratio: 25.3%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Waverly's median household income

Max monthly rent you can afford$1,227

Studio

$725/mo

1 BR

$859/mo

2 BR

$1,035/mo

3 BR

$1,263/mo

4 BR

$1,553/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Waverly

Renting in Waverly, New York is doable for median earners, but tight. A 2-bedroom requires roughly $41,400/year under the 30% rule, and with a median income of $49,060, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($859/month) or studio ($725/month) materially improves the math. For those needing more space, a 3-bedroom in Waverly pushes the required income to $50,520.

For comfortable living in Waverly without financial stress, target a household income of at least $62,100 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for New York's cost of living.

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 Waverly, New York.

With a total population of 4,360, the city supports an active civilian workforce of 2,062 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $41,400 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

2,062

Active civilian employees in Waverly

Frequently Asked Questions About Renting in Waverly

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

To afford a 2-bedroom in Waverly under the 30% rule, you need an annual salary of at least $41,400. The median household income in Waverly is $49,060.

Can I afford a 2-bedroom in Waverly on $49,060?

The affordability verdict for Waverly is "Manageable". The rent-to-income ratio is 25.3%, meaning median earners have a $7,660 surplus.

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

The median gross rent in Waverly is $859/month. With a median household income of $49,060, residents spend approximately 25.3% of their income on rent.

What salary do I need for a studio in Waverly?

A studio in Waverly rents for approximately $725/month. Under the 30% rule, you need an annual salary of $29,000 to afford this.

Is Waverly considered an affordable place to live?

Based on the surplus of $7,660 and an affordability verdict of "Manageable", Waverly is considered a manageable rental market when comparing the required 2-bedroom salary of $41,400 to the local median household income.

How Waverly Compares

Other cities in New York with salary requirements