Affordable

What Salary Do You Need to Live in Faison?

To afford a 2-bedroom in Faison, you need to earn at least $29,600/year based on estimated fair market rent data. The median household income here is $43,194, which means the typical resident is $13,594 above the threshold.

Census ACS Data Pop. 950

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$518	$1,727	$20,720	$-22,474
1 Bedroom	$614	$2,047	$24,560	$-18,634
2 Bedroom BENCHMARK	$740	$2,467	$29,600	$-13,594
3 Bedroom	$903	$3,010	$36,120	$-7,074
4 Bedroom	$1,110	$3,700	$44,400	+$1,206

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$43,194

Annual household

2BR Required Salary

$29,600

Under 30% rule

Income Gap

+$13,594

Surplus

Verdict

Affordable

Ratio: 20.6%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Faison's median household income

Max monthly rent you can afford$1,080

Studio

$518/mo

1 BR

$614/mo

2 BR

$740/mo

3 BR

$903/mo

4 BR

$1,110/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Faison

Living in Faison is well within reach for most median-income earners. With a $13,594 cushion between what residents earn and what a 2-bedroom requires, households in Faison typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Faison, a studio at $518/month offers an even more aggressive savings rate. Even a 3-bedroom at $903/month remains accessible for dual-income households earning above $36,120.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $44,400 would position you well — though many residents in Faison 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 Faison, North Carolina.

With a total population of 950, the city supports an active civilian workforce of 396 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $29,600 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

396

Active civilian employees in Faison

Frequently Asked Questions About Renting in Faison

What salary do I need to live in Faison, North Carolina?

To afford a 2-bedroom in Faison under the 30% rule, you need an annual salary of at least $29,600. The median household income in Faison is $43,194.

Can I afford a 2-bedroom in Faison on $43,194?

The affordability verdict for Faison is "Affordable". The rent-to-income ratio is 20.6%, meaning median earners have a $13,594 surplus.

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

The median gross rent in Faison is $614/month. With a median household income of $43,194, residents spend approximately 20.6% of their income on rent.

What salary do I need for a studio in Faison?

A studio in Faison rents for approximately $518/month. Under the 30% rule, you need an annual salary of $20,720 to afford this.

Is Faison considered an affordable place to live?

Based on the surplus of $13,594 and an affordability verdict of "Affordable", Faison is considered a affordable rental market when comparing the required 2-bedroom salary of $29,600 to the local median household income.

How Faison Compares

Other cities in North Carolina with salary requirements