Affordable

What Salary Do You Need to Live in Centerville?

To afford a 2-bedroom in Centerville, you need to earn at least $32,520/year based on estimated fair market rent data. The median household income here is $73,000, which means the typical resident is $40,480 above the threshold.

Census ACS Data Pop. 846

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$569	$1,897	$22,760	$-50,240
1 Bedroom	$675	$2,250	$27,000	$-46,000
2 Bedroom BENCHMARK	$813	$2,710	$32,520	$-40,480
3 Bedroom	$992	$3,307	$39,680	$-33,320
4 Bedroom	$1,220	$4,067	$48,800	$-24,200

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$73,000

Annual household

2BR Required Salary

$32,520

Under 30% rule

Income Gap

+$40,480

Surplus

Verdict

Affordable

Ratio: 13.4%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Centerville's median household income

Max monthly rent you can afford$1,825

Studio

$569/mo

1 BR

$675/mo

2 BR

$813/mo

3 BR

$992/mo

4 BR

$1,220/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Centerville

Centerville, South Dakota stands out as one of the more financially accessible housing markets in the state. The median household income of $73,000 significantly exceeds the $32,520 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $40,480 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Centerville, a studio at $569/month offers an even more aggressive savings rate. Even a 3-bedroom at $992/month remains accessible for dual-income households earning above $39,680.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $48,780 would position you well — though many residents in Centerville 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 Centerville, South Dakota.

With a total population of 846, the city supports an active civilian workforce of 386 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $32,520 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

386

Active civilian employees in Centerville

Frequently Asked Questions About Renting in Centerville

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

To afford a 2-bedroom in Centerville under the 30% rule, you need an annual salary of at least $32,520. The median household income in Centerville is $73,000.

Can I afford a 2-bedroom in Centerville on $73,000?

The affordability verdict for Centerville is "Affordable". The rent-to-income ratio is 13.4%, meaning median earners have a $40,480 surplus.

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

The median gross rent in Centerville is $675/month. With a median household income of $73,000, residents spend approximately 13.4% of their income on rent.

What salary do I need for a studio in Centerville?

A studio in Centerville rents for approximately $569/month. Under the 30% rule, you need an annual salary of $22,760 to afford this.

Is Centerville considered an affordable place to live?

Based on the surplus of $40,480 and an affordability verdict of "Affordable", Centerville is considered a affordable rental market when comparing the required 2-bedroom salary of $32,520 to the local median household income.

How Centerville Compares

Other cities in South Dakota with salary requirements