Manageable

What Salary Do You Need to Live in Monmouth?

To afford a 2-bedroom in Monmouth, you need to earn at least $54,200/year based on estimated fair market rent data. The median household income here is $61,282, which means the typical resident is $7,082 above the threshold.

Census ACS Data Pop. 11,054

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$948	$3,160	$37,920	$-23,362
1 Bedroom	$1,125	$3,750	$45,000	$-16,282
2 Bedroom BENCHMARK	$1,355	$4,517	$54,200	$-7,082
3 Bedroom	$1,653	$5,510	$66,120	+$4,838
4 Bedroom	$2,033	$6,777	$81,320	+$20,038

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$61,282

Annual household

2BR Required Salary

$54,200

Under 30% rule

Income Gap

+$7,082

Surplus

Verdict

Manageable

Ratio: 26.5%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Monmouth's median household income

Max monthly rent you can afford$1,532

Studio

$948/mo

1 BR

$1,125/mo

2 BR

$1,355/mo

3 BR

$1,653/mo

4 BR

$2,033/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Monmouth

Renting in Monmouth, Oregon is doable for median earners, but tight. A 2-bedroom requires roughly $54,200/year under the 30% rule, and with a median income of $61,282, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($1,125/month) or studio ($948/month) materially improves the math. For those needing more space, a 3-bedroom in Monmouth pushes the required income to $66,120.

For comfortable living in Monmouth without financial stress, target a household income of at least $81,300 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Oregon's cost of living.

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 Monmouth, Oregon.

With a total population of 11,054, the city supports an active civilian workforce of 5,228 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $54,200 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

5,228

Active civilian employees in Monmouth

Frequently Asked Questions About Renting in Monmouth

What salary do I need to live in Monmouth, Oregon?

To afford a 2-bedroom in Monmouth under the 30% rule, you need an annual salary of at least $54,200. The median household income in Monmouth is $61,282.

Can I afford a 2-bedroom in Monmouth on $61,282?

The affordability verdict for Monmouth is "Manageable". The rent-to-income ratio is 26.5%, meaning median earners have a $7,082 surplus.

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

The median gross rent in Monmouth is $1,125/month. With a median household income of $61,282, residents spend approximately 26.5% of their income on rent.

What salary do I need for a studio in Monmouth?

A studio in Monmouth rents for approximately $948/month. Under the 30% rule, you need an annual salary of $37,920 to afford this.

Is Monmouth considered an affordable place to live?

Based on the surplus of $7,082 and an affordability verdict of "Manageable", Monmouth is considered a manageable rental market when comparing the required 2-bedroom salary of $54,200 to the local median household income.

How Monmouth Compares

Other cities in Oregon with salary requirements