Affordable

What Salary Do You Need to Live in Colome?

To afford a 2-bedroom in Colome, you need to earn at least $34,360/year based on estimated fair market rent data. The median household income here is $53,125, which means the typical resident is $18,765 above the threshold.

Census ACS Data Pop. 399

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$601	$2,003	$24,040	$-29,085
1 Bedroom	$713	$2,377	$28,520	$-24,605
2 Bedroom BENCHMARK	$859	$2,863	$34,360	$-18,765
3 Bedroom	$1,048	$3,493	$41,920	$-11,205
4 Bedroom	$1,289	$4,297	$51,560	$-1,565

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$53,125

Annual household

2BR Required Salary

$34,360

Under 30% rule

Income Gap

+$18,765

Surplus

Verdict

Affordable

Ratio: 19.4%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Colome's median household income

Max monthly rent you can afford$1,328

Studio

$601/mo

1 BR

$713/mo

2 BR

$859/mo

3 BR

$1,048/mo

4 BR

$1,289/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Colome

Living in Colome is well within reach for most median-income earners. With a $18,765 cushion between what residents earn and what a 2-bedroom requires, households in Colome typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Colome, a studio at $601/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,048/month remains accessible for dual-income households earning above $41,920.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $51,540 would position you well — though many residents in Colome 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 Colome, South Dakota.

With a total population of 399, the city supports an active civilian workforce of 167 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $34,360 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

167

Active civilian employees in Colome

Frequently Asked Questions About Renting in Colome

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

To afford a 2-bedroom in Colome under the 30% rule, you need an annual salary of at least $34,360. The median household income in Colome is $53,125.

Can I afford a 2-bedroom in Colome on $53,125?

The affordability verdict for Colome is "Affordable". The rent-to-income ratio is 19.4%, meaning median earners have a $18,765 surplus.

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

The median gross rent in Colome is $713/month. With a median household income of $53,125, residents spend approximately 19.4% of their income on rent.

What salary do I need for a studio in Colome?

A studio in Colome rents for approximately $601/month. Under the 30% rule, you need an annual salary of $24,040 to afford this.

Is Colome considered an affordable place to live?

Based on the surplus of $18,765 and an affordability verdict of "Affordable", Colome is considered a affordable rental market when comparing the required 2-bedroom salary of $34,360 to the local median household income.

How Colome Compares

Other cities in South Dakota with salary requirements