Affordable

What Salary Do You Need to Live in Newton Falls?

To afford a 2-bedroom in Newton Falls, you need to earn at least $32,800/year based on estimated fair market rent data. The median household income here is $50,738, which means the typical resident is $17,938 above the threshold.

Census ACS Data Pop. 4,562

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$574	$1,913	$22,960	$-27,778
1 Bedroom	$681	$2,270	$27,240	$-23,498
2 Bedroom BENCHMARK	$820	$2,733	$32,800	$-17,938
3 Bedroom	$1,000	$3,333	$40,000	$-10,738
4 Bedroom	$1,230	$4,100	$49,200	$-1,538

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$50,738

Annual household

2BR Required Salary

$32,800

Under 30% rule

Income Gap

+$17,938

Surplus

Verdict

Affordable

Ratio: 19.4%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Newton Falls

Your Annual Salary

Pre-filled with Newton Falls's median household income

Max monthly rent you can afford$1,268

Studio

$574/mo

1 BR

$681/mo

2 BR

$820/mo

3 BR

$1,000/mo

4 BR

$1,230/mo

Your salary is $0 above the median income in Newton Falls.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Newton Falls

Living in Newton Falls is well within reach for most median-income earners. With a $17,938 cushion between what residents earn and what a 2-bedroom requires, households in Newton Falls typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Newton Falls, a studio at $574/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,000/month remains accessible for dual-income households earning above $40,000.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $49,200 would position you well — though many residents in Newton Falls 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 Newton Falls, Ohio.

With a total population of 4,562, the city supports an active civilian workforce of 2,115 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $32,800 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

2,115

Active civilian employees in Newton Falls

Frequently Asked Questions About Renting in Newton Falls

What salary do I need to live in Newton Falls, Ohio?

To afford a 2-bedroom in Newton Falls under the 30% rule, you need an annual salary of at least $32,800. The median household income in Newton Falls is $50,738.

Can I afford a 2-bedroom in Newton Falls on $50,738?

The affordability verdict for Newton Falls is "Affordable". The rent-to-income ratio is 19.4%, meaning median earners have a $17,938 surplus.

What is the average rent in Newton Falls compared to median income?

The median gross rent in Newton Falls is $681/month. With a median household income of $50,738, residents spend approximately 19.4% of their income on rent.

What salary do I need for a studio in Newton Falls?

A studio in Newton Falls rents for approximately $574/month. Under the 30% rule, you need an annual salary of $22,960 to afford this.

Is Newton Falls considered an affordable place to live?

Based on the surplus of $17,938 and an affordability verdict of "Affordable", Newton Falls is considered a affordable rental market when comparing the required 2-bedroom salary of $32,800 to the local median household income.

How Newton Falls Compares

Other cities in Ohio with salary requirements