Affordable

What Salary Do You Need to Live in Faith?

To afford a 2-bedroom in Faith, you need to earn at least $17,480/year based on estimated fair market rent data. The median household income here is $34,500, which means the typical resident is $17,020 above the threshold.

Census ACS Data Pop. 304

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$306	$1,020	$12,240	$-22,260
1 Bedroom	$363	$1,210	$14,520	$-19,980
2 Bedroom BENCHMARK	$437	$1,457	$17,480	$-17,020
3 Bedroom	$533	$1,777	$21,320	$-13,180
4 Bedroom	$656	$2,187	$26,240	$-8,260

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$34,500

Annual household

2BR Required Salary

$17,480

Under 30% rule

Income Gap

+$17,020

Surplus

Verdict

Affordable

Ratio: 15.2%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Faith's median household income

Max monthly rent you can afford$863

Studio

$306/mo

1 BR

$363/mo

2 BR

$437/mo

3 BR

$533/mo

4 BR

$656/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Faith

Living in Faith is well within reach for most median-income earners. With a $17,020 cushion between what residents earn and what a 2-bedroom requires, households in Faith typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Faith, a studio at $306/month offers an even more aggressive savings rate. Even a 3-bedroom at $533/month remains accessible for dual-income households earning above $21,320.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $26,220 would position you well — though many residents in Faith 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 Faith, South Dakota.

With a total population of 304, the city supports an active civilian workforce of 155 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $17,480 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

155

Active civilian employees in Faith

Frequently Asked Questions About Renting in Faith

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

To afford a 2-bedroom in Faith under the 30% rule, you need an annual salary of at least $17,480. The median household income in Faith is $34,500.

Can I afford a 2-bedroom in Faith on $34,500?

The affordability verdict for Faith is "Affordable". The rent-to-income ratio is 15.2%, meaning median earners have a $17,020 surplus.

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

The median gross rent in Faith is $363/month. With a median household income of $34,500, residents spend approximately 15.2% of their income on rent.

What salary do I need for a studio in Faith?

A studio in Faith rents for approximately $306/month. Under the 30% rule, you need an annual salary of $12,240 to afford this.

Is Faith considered an affordable place to live?

Based on the surplus of $17,020 and an affordability verdict of "Affordable", Faith is considered a affordable rental market when comparing the required 2-bedroom salary of $17,480 to the local median household income.

How Faith Compares

Other cities in South Dakota with salary requirements