Stretched

What Salary Do You Need to Live in Drexel?

To afford a 2-bedroom in Drexel, you need to earn at least $39,800/year based on estimated fair market rent data. The median household income here is $33,430, which means the typical resident is $6,370 below the threshold.

Census ACS Data Pop. 1,365

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$697	$2,323	$27,880	$-5,550
1 Bedroom	$826	$2,753	$33,040	$-390
2 Bedroom BENCHMARK	$995	$3,317	$39,800	+$6,370
3 Bedroom	$1,214	$4,047	$48,560	+$15,130
4 Bedroom	$1,493	$4,977	$59,720	+$26,290

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$33,430

Annual household

2BR Required Salary

$39,800

Under 30% rule

Income Gap

-$6,370

Deficit

Verdict

Stretched

Ratio: 35.7%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Drexel's median household income

Max monthly rent you can afford$836

Studio

$697/mo

1 BR

$826/mo

2 BR

$995/mo

3 BR

$1,214/mo

4 BR

$1,493/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Drexel

Drexel's rental market puts real pressure on median earners. A 2-bedroom at $995/month requires $39,800/year — about $6,370 more than the median household income. Roommates or dual incomes significantly change the equation.

If you're relocating to Drexel, target the studio or 1-bedroom tier ($697–$826/month) unless your income exceeds $39,800. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $498/month.

The break-even salary for comfortable living in Drexel is approximately $59,700. Below this threshold, expect housing to consume a disproportionate share of your budget, limiting discretionary spending and savings capacity.

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 Drexel, Ohio.

With a total population of 1,365, the city supports an active civilian workforce of 300 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $39,800 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

300

Active civilian employees in Drexel

Frequently Asked Questions About Renting in Drexel

What salary do I need to live in Drexel, Ohio?

To afford a 2-bedroom in Drexel under the 30% rule, you need an annual salary of at least $39,800. The median household income in Drexel is $33,430.

Can I afford a 2-bedroom in Drexel on $33,430?

The affordability verdict for Drexel is "Stretched". The rent-to-income ratio is 35.7%, meaning there's a $6,370 income gap.

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

The median gross rent in Drexel is $826/month. With a median household income of $33,430, residents spend approximately 35.7% of their income on rent.

What salary do I need for a studio in Drexel?

A studio in Drexel rents for approximately $697/month. Under the 30% rule, you need an annual salary of $27,880 to afford this.

Is Drexel considered an affordable place to live?

Based on the deficit of $6,370 and an affordability verdict of "Stretched", Drexel is considered a stretched rental market when comparing the required 2-bedroom salary of $39,800 to the local median household income.

How Drexel Compares

Other cities in Ohio with salary requirements