Affordable

What Salary Do You Need to Live in Leeds?

To afford a 2-bedroom in Leeds, you need to earn at least $29,160/year based on estimated fair market rent data. The median household income here is $72,188, which means the typical resident is $43,028 above the threshold.

Census ACS Data Pop. 438

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$510	$1,700	$20,400	$-51,788
1 Bedroom	$605	$2,017	$24,200	$-47,988
2 Bedroom BENCHMARK	$729	$2,430	$29,160	$-43,028
3 Bedroom	$889	$2,963	$35,560	$-36,628
4 Bedroom	$1,094	$3,647	$43,760	$-28,428

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$72,188

Annual household

2BR Required Salary

$29,160

Under 30% rule

Income Gap

+$43,028

Surplus

Verdict

Affordable

Ratio: 12.1%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Leeds's median household income

Max monthly rent you can afford$1,805

Studio

$510/mo

1 BR

$605/mo

2 BR

$729/mo

3 BR

$889/mo

4 BR

$1,094/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Leeds

Leeds, North Dakota stands out as one of the more financially accessible housing markets in the state. The median household income of $72,188 significantly exceeds the $29,160 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $43,028 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Leeds, a studio at $510/month offers an even more aggressive savings rate. Even a 3-bedroom at $889/month remains accessible for dual-income households earning above $35,560.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $43,740 would position you well — though many residents in Leeds 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 Leeds, North Dakota.

With a total population of 438, the city supports an active civilian workforce of 233 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $29,160 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

233

Active civilian employees in Leeds

Frequently Asked Questions About Renting in Leeds

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

To afford a 2-bedroom in Leeds under the 30% rule, you need an annual salary of at least $29,160. The median household income in Leeds is $72,188.

Can I afford a 2-bedroom in Leeds on $72,188?

The affordability verdict for Leeds is "Affordable". The rent-to-income ratio is 12.1%, meaning median earners have a $43,028 surplus.

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

The median gross rent in Leeds is $605/month. With a median household income of $72,188, residents spend approximately 12.1% of their income on rent.

What salary do I need for a studio in Leeds?

A studio in Leeds rents for approximately $510/month. Under the 30% rule, you need an annual salary of $20,400 to afford this.

Is Leeds considered an affordable place to live?

Based on the surplus of $43,028 and an affordability verdict of "Affordable", Leeds is considered a affordable rental market when comparing the required 2-bedroom salary of $29,160 to the local median household income.

How Leeds Compares

Other cities in North Dakota with salary requirements