Affordable

What Salary Do You Need to Live in Alpena?

To afford a 2-bedroom in Alpena, you need to earn at least $38,280/year based on estimated fair market rent data. The median household income here is $67,500, which means the typical resident is $29,220 above the threshold.

Census ACS Data Pop. 407

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$670	$2,233	$26,800	$-40,700
1 Bedroom	$794	$2,647	$31,760	$-35,740
2 Bedroom BENCHMARK	$957	$3,190	$38,280	$-29,220
3 Bedroom	$1,168	$3,893	$46,720	$-20,780
4 Bedroom	$1,436	$4,787	$57,440	$-10,060

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$67,500

Annual household

2BR Required Salary

$38,280

Under 30% rule

Income Gap

+$29,220

Surplus

Verdict

Affordable

Ratio: 17.0%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Alpena's median household income

Max monthly rent you can afford$1,688

Studio

$670/mo

1 BR

$794/mo

2 BR

$957/mo

3 BR

$1,168/mo

4 BR

$1,436/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Alpena

Alpena, South Dakota stands out as one of the more financially accessible housing markets in the state. The median household income of $67,500 significantly exceeds the $38,280 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $29,220 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Alpena, a studio at $670/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,168/month remains accessible for dual-income households earning above $46,720.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $57,420 would position you well — though many residents in Alpena 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 Alpena, South Dakota.

With a total population of 407, the city supports an active civilian workforce of 188 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $38,280 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

188

Active civilian employees in Alpena

Frequently Asked Questions About Renting in Alpena

What salary do I need to live in Alpena, South Dakota?

To afford a 2-bedroom in Alpena under the 30% rule, you need an annual salary of at least $38,280. The median household income in Alpena is $67,500.

Can I afford a 2-bedroom in Alpena on $67,500?

The affordability verdict for Alpena is "Affordable". The rent-to-income ratio is 17.0%, meaning median earners have a $29,220 surplus.

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

The median gross rent in Alpena is $794/month. With a median household income of $67,500, residents spend approximately 17.0% of their income on rent.

What salary do I need for a studio in Alpena?

A studio in Alpena rents for approximately $670/month. Under the 30% rule, you need an annual salary of $26,800 to afford this.

Is Alpena considered an affordable place to live?

Based on the surplus of $29,220 and an affordability verdict of "Affordable", Alpena is considered a affordable rental market when comparing the required 2-bedroom salary of $38,280 to the local median household income.

How Alpena Compares

Other cities in South Dakota with salary requirements