Affordable

What Salary Do You Need to Live in Larimore?

To afford a 2-bedroom in Larimore, you need to earn at least $31,280/year based on estimated fair market rent data. The median household income here is $70,568, which means the typical resident is $39,288 above the threshold.

Census ACS Data Pop. 1,343

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$547	$1,823	$21,880	$-48,688
1 Bedroom	$649	$2,163	$25,960	$-44,608
2 Bedroom BENCHMARK	$782	$2,607	$31,280	$-39,288
3 Bedroom	$954	$3,180	$38,160	$-32,408
4 Bedroom	$1,173	$3,910	$46,920	$-23,648

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$70,568

Annual household

2BR Required Salary

$31,280

Under 30% rule

Income Gap

+$39,288

Surplus

Verdict

Affordable

Ratio: 13.3%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Larimore's median household income

Max monthly rent you can afford$1,764

Studio

$547/mo

1 BR

$649/mo

2 BR

$782/mo

3 BR

$954/mo

4 BR

$1,173/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Larimore

Larimore, North Dakota stands out as one of the more financially accessible housing markets in the state. The median household income of $70,568 significantly exceeds the $31,280 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $39,288 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Larimore, a studio at $547/month offers an even more aggressive savings rate. Even a 3-bedroom at $954/month remains accessible for dual-income households earning above $38,160.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $46,920 would position you well — though many residents in Larimore 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 Larimore, North Dakota.

With a total population of 1,343, the city supports an active civilian workforce of 645 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $31,280 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

645

Active civilian employees in Larimore

Frequently Asked Questions About Renting in Larimore

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

To afford a 2-bedroom in Larimore under the 30% rule, you need an annual salary of at least $31,280. The median household income in Larimore is $70,568.

Can I afford a 2-bedroom in Larimore on $70,568?

The affordability verdict for Larimore is "Affordable". The rent-to-income ratio is 13.3%, meaning median earners have a $39,288 surplus.

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

The median gross rent in Larimore is $649/month. With a median household income of $70,568, residents spend approximately 13.3% of their income on rent.

What salary do I need for a studio in Larimore?

A studio in Larimore rents for approximately $547/month. Under the 30% rule, you need an annual salary of $21,880 to afford this.

Is Larimore considered an affordable place to live?

Based on the surplus of $39,288 and an affordability verdict of "Affordable", Larimore is considered a affordable rental market when comparing the required 2-bedroom salary of $31,280 to the local median household income.

How Larimore Compares

Other cities in North Dakota with salary requirements