Affordable

What Salary Do You Need to Live in Waymart?

To afford a 2-bedroom in Waymart, you need to earn at least $41,320/year based on estimated fair market rent data. The median household income here is $50,568, which means the typical resident is $9,248 above the threshold.

Census ACS Data Pop. 1,226

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$723	$2,410	$28,920	$-21,648
1 Bedroom	$857	$2,857	$34,280	$-16,288
2 Bedroom BENCHMARK	$1,033	$3,443	$41,320	$-9,248
3 Bedroom	$1,260	$4,200	$50,400	$-168
4 Bedroom	$1,550	$5,167	$62,000	+$11,432

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$50,568

Annual household

2BR Required Salary

$41,320

Under 30% rule

Income Gap

+$9,248

Surplus

Verdict

Affordable

Ratio: 24.5%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Waymart's median household income

Max monthly rent you can afford$1,264

Studio

$723/mo

1 BR

$857/mo

2 BR

$1,033/mo

3 BR

$1,260/mo

4 BR

$1,550/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Waymart

Living in Waymart is well within reach for most median-income earners. With a $9,248 cushion between what residents earn and what a 2-bedroom requires, households in Waymart typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Waymart, a studio at $723/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,260/month remains accessible for dual-income households earning above $50,400.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $61,980 would position you well — though many residents in Waymart 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 Waymart, Pennsylvania.

With a total population of 1,226, the city supports an active civilian workforce of 425 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $41,320 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

425

Active civilian employees in Waymart

Frequently Asked Questions About Renting in Waymart

What salary do I need to live in Waymart, Pennsylvania?

To afford a 2-bedroom in Waymart under the 30% rule, you need an annual salary of at least $41,320. The median household income in Waymart is $50,568.

Can I afford a 2-bedroom in Waymart on $50,568?

The affordability verdict for Waymart is "Affordable". The rent-to-income ratio is 24.5%, meaning median earners have a $9,248 surplus.

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

The median gross rent in Waymart is $857/month. With a median household income of $50,568, residents spend approximately 24.5% of their income on rent.

What salary do I need for a studio in Waymart?

A studio in Waymart rents for approximately $723/month. Under the 30% rule, you need an annual salary of $28,920 to afford this.

Is Waymart considered an affordable place to live?

Based on the surplus of $9,248 and an affordability verdict of "Affordable", Waymart is considered a affordable rental market when comparing the required 2-bedroom salary of $41,320 to the local median household income.

How Waymart Compares

Other cities in Pennsylvania with salary requirements