Affordable

What Salary Do You Need to Live in Burke?

To afford a 2-bedroom in Burke, you need to earn at least $24,000/year based on estimated fair market rent data. The median household income here is $37,750, which means the typical resident is $13,750 above the threshold.

Census ACS Data Pop. 685

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$420	$1,400	$16,800	$-20,950
1 Bedroom	$498	$1,660	$19,920	$-17,830
2 Bedroom BENCHMARK	$600	$2,000	$24,000	$-13,750
3 Bedroom	$732	$2,440	$29,280	$-8,470
4 Bedroom	$900	$3,000	$36,000	$-1,750

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$37,750

Annual household

2BR Required Salary

$24,000

Under 30% rule

Income Gap

+$13,750

Surplus

Verdict

Affordable

Ratio: 19.1%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Burke's median household income

Max monthly rent you can afford$944

Studio

$420/mo

1 BR

$498/mo

2 BR

$600/mo

3 BR

$732/mo

4 BR

$900/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Burke

Living in Burke is well within reach for most median-income earners. With a $13,750 cushion between what residents earn and what a 2-bedroom requires, households in Burke typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Burke, a studio at $420/month offers an even more aggressive savings rate. Even a 3-bedroom at $732/month remains accessible for dual-income households earning above $29,280.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $36,000 would position you well — though many residents in Burke 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 Burke, South Dakota.

With a total population of 685, the city supports an active civilian workforce of 271 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $24,000 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

271

Active civilian employees in Burke

Frequently Asked Questions About Renting in Burke

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

To afford a 2-bedroom in Burke under the 30% rule, you need an annual salary of at least $24,000. The median household income in Burke is $37,750.

Can I afford a 2-bedroom in Burke on $37,750?

The affordability verdict for Burke is "Affordable". The rent-to-income ratio is 19.1%, meaning median earners have a $13,750 surplus.

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

The median gross rent in Burke is $498/month. With a median household income of $37,750, residents spend approximately 19.1% of their income on rent.

What salary do I need for a studio in Burke?

A studio in Burke rents for approximately $420/month. Under the 30% rule, you need an annual salary of $16,800 to afford this.

Is Burke considered an affordable place to live?

Based on the surplus of $13,750 and an affordability verdict of "Affordable", Burke is considered a affordable rental market when comparing the required 2-bedroom salary of $24,000 to the local median household income.

How Burke Compares

Other cities in South Dakota with salary requirements