Affordable

What Salary Do You Need to Live in Devils Lake?

To afford a 2-bedroom in Devils Lake, you need to earn at least $32,000/year based on estimated fair market rent data. The median household income here is $41,203, which means the typical resident is $9,203 above the threshold.

Census ACS Data Pop. 7,192

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$560	$1,867	$22,400	$-18,803
1 Bedroom	$664	$2,213	$26,560	$-14,643
2 Bedroom BENCHMARK	$800	$2,667	$32,000	$-9,203
3 Bedroom	$976	$3,253	$39,040	$-2,163
4 Bedroom	$1,200	$4,000	$48,000	+$6,797

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$41,203

Annual household

2BR Required Salary

$32,000

Under 30% rule

Income Gap

+$9,203

Surplus

Verdict

Affordable

Ratio: 23.3%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Devils Lake

Your Annual Salary

Pre-filled with Devils Lake's median household income

Max monthly rent you can afford$1,030

Studio

$560/mo

1 BR

$664/mo

2 BR

$800/mo

3 BR

$976/mo

4 BR

$1,200/mo

Your salary is $0 above the median income in Devils Lake.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Devils Lake

Living in Devils Lake is well within reach for most median-income earners. With a $9,203 cushion between what residents earn and what a 2-bedroom requires, households in Devils Lake typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Devils Lake, a studio at $560/month offers an even more aggressive savings rate. Even a 3-bedroom at $976/month remains accessible for dual-income households earning above $39,040.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $48,000 would position you well — though many residents in Devils Lake 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 Devils Lake, North Dakota.

With a total population of 7,192, the city supports an active civilian workforce of 3,480 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $32,000 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

3,480

Active civilian employees in Devils Lake

Frequently Asked Questions About Renting in Devils Lake

What salary do I need to live in Devils Lake, North Dakota?

To afford a 2-bedroom in Devils Lake under the 30% rule, you need an annual salary of at least $32,000. The median household income in Devils Lake is $41,203.

Can I afford a 2-bedroom in Devils Lake on $41,203?

The affordability verdict for Devils Lake is "Affordable". The rent-to-income ratio is 23.3%, meaning median earners have a $9,203 surplus.

What is the average rent in Devils Lake compared to median income?

The median gross rent in Devils Lake is $664/month. With a median household income of $41,203, residents spend approximately 23.3% of their income on rent.

What salary do I need for a studio in Devils Lake?

A studio in Devils Lake rents for approximately $560/month. Under the 30% rule, you need an annual salary of $22,400 to afford this.

Is Devils Lake considered an affordable place to live?

Based on the surplus of $9,203 and an affordability verdict of "Affordable", Devils Lake is considered a affordable rental market when comparing the required 2-bedroom salary of $32,000 to the local median household income.

How Devils Lake Compares

Other cities in North Dakota with salary requirements