Affordable

What Salary Do You Need to Live in Richardton?

To afford a 2-bedroom in Richardton, you need to earn at least $27,480/year based on estimated fair market rent data. The median household income here is $62,500, which means the typical resident is $35,020 above the threshold.

Census ACS Data Pop. 768

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$481	$1,603	$19,240	$-43,260
1 Bedroom	$570	$1,900	$22,800	$-39,700
2 Bedroom BENCHMARK	$687	$2,290	$27,480	$-35,020
3 Bedroom	$838	$2,793	$33,520	$-28,980
4 Bedroom	$1,031	$3,437	$41,240	$-21,260

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$62,500

Annual household

2BR Required Salary

$27,480

Under 30% rule

Income Gap

+$35,020

Surplus

Verdict

Affordable

Ratio: 13.2%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Richardton's median household income

Max monthly rent you can afford$1,563

Studio

$481/mo

1 BR

$570/mo

2 BR

$687/mo

3 BR

$838/mo

4 BR

$1,031/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Richardton

Richardton, North Dakota stands out as one of the more financially accessible housing markets in the state. The median household income of $62,500 significantly exceeds the $27,480 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $35,020 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Richardton, a studio at $481/month offers an even more aggressive savings rate. Even a 3-bedroom at $838/month remains accessible for dual-income households earning above $33,520.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $41,220 would position you well — though many residents in Richardton 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 Richardton, North Dakota.

With a total population of 768, the city supports an active civilian workforce of 422 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $27,480 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

422

Active civilian employees in Richardton

Frequently Asked Questions About Renting in Richardton

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

To afford a 2-bedroom in Richardton under the 30% rule, you need an annual salary of at least $27,480. The median household income in Richardton is $62,500.

Can I afford a 2-bedroom in Richardton on $62,500?

The affordability verdict for Richardton is "Affordable". The rent-to-income ratio is 13.2%, meaning median earners have a $35,020 surplus.

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

The median gross rent in Richardton is $570/month. With a median household income of $62,500, residents spend approximately 13.2% of their income on rent.

What salary do I need for a studio in Richardton?

A studio in Richardton rents for approximately $481/month. Under the 30% rule, you need an annual salary of $19,240 to afford this.

Is Richardton considered an affordable place to live?

Based on the surplus of $35,020 and an affordability verdict of "Affordable", Richardton is considered a affordable rental market when comparing the required 2-bedroom salary of $27,480 to the local median household income.

How Richardton Compares

Other cities in North Dakota with salary requirements