Affordable

What Salary Do You Need to Live in Goodrich?

To afford a 2-bedroom in Goodrich, you need to earn at least $28,320/year based on estimated fair market rent data. The median household income here is $72,969, which means the typical resident is $44,649 above the threshold.

Census ACS Data Pop. 105

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$496	$1,653	$19,840	$-53,129
1 Bedroom	$588	$1,960	$23,520	$-49,449
2 Bedroom BENCHMARK	$708	$2,360	$28,320	$-44,649
3 Bedroom	$864	$2,880	$34,560	$-38,409
4 Bedroom	$1,062	$3,540	$42,480	$-30,489

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$72,969

Annual household

2BR Required Salary

$28,320

Under 30% rule

Income Gap

+$44,649

Surplus

Verdict

Affordable

Ratio: 11.6%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Goodrich's median household income

Max monthly rent you can afford$1,824

Studio

$496/mo

1 BR

$588/mo

2 BR

$708/mo

3 BR

$864/mo

4 BR

$1,062/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Goodrich

Goodrich, North Dakota stands out as one of the more financially accessible housing markets in the state. The median household income of $72,969 significantly exceeds the $28,320 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $44,649 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Goodrich, a studio at $496/month offers an even more aggressive savings rate. Even a 3-bedroom at $864/month remains accessible for dual-income households earning above $34,560.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $42,480 would position you well — though many residents in Goodrich 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 Goodrich, North Dakota.

With a total population of 105, the city supports an active civilian workforce of 45 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $28,320 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

Active civilian employees in Goodrich

Frequently Asked Questions About Renting in Goodrich

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

To afford a 2-bedroom in Goodrich under the 30% rule, you need an annual salary of at least $28,320. The median household income in Goodrich is $72,969.

Can I afford a 2-bedroom in Goodrich on $72,969?

The affordability verdict for Goodrich is "Affordable". The rent-to-income ratio is 11.6%, meaning median earners have a $44,649 surplus.

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

The median gross rent in Goodrich is $588/month. With a median household income of $72,969, residents spend approximately 11.6% of their income on rent.

What salary do I need for a studio in Goodrich?

A studio in Goodrich rents for approximately $496/month. Under the 30% rule, you need an annual salary of $19,840 to afford this.

Is Goodrich considered an affordable place to live?

Based on the surplus of $44,649 and an affordability verdict of "Affordable", Goodrich is considered a affordable rental market when comparing the required 2-bedroom salary of $28,320 to the local median household income.

How Goodrich Compares

Other cities in North Dakota with salary requirements