Affordable

What Salary Do You Need to Live in Highmore?

To afford a 2-bedroom in Highmore, you need to earn at least $42,600/year based on estimated fair market rent data. The median household income here is $69,583, which means the typical resident is $26,983 above the threshold.

Census ACS Data Pop. 764

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$746	$2,487	$29,840	$-39,743
1 Bedroom	$884	$2,947	$35,360	$-34,223
2 Bedroom BENCHMARK	$1,065	$3,550	$42,600	$-26,983
3 Bedroom	$1,299	$4,330	$51,960	$-17,623
4 Bedroom	$1,598	$5,327	$63,920	$-5,663

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$69,583

Annual household

2BR Required Salary

$42,600

Under 30% rule

Income Gap

+$26,983

Surplus

Verdict

Affordable

Ratio: 18.4%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Highmore's median household income

Max monthly rent you can afford$1,740

Studio

$746/mo

1 BR

$884/mo

2 BR

$1,065/mo

3 BR

$1,299/mo

4 BR

$1,598/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Highmore

Highmore, South Dakota stands out as one of the more financially accessible housing markets in the state. The median household income of $69,583 significantly exceeds the $42,600 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $26,983 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Highmore, a studio at $746/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,299/month remains accessible for dual-income households earning above $51,960.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $63,900 would position you well — though many residents in Highmore 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 Highmore, South Dakota.

With a total population of 764, the city supports an active civilian workforce of 399 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $42,600 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

399

Active civilian employees in Highmore

Frequently Asked Questions About Renting in Highmore

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

To afford a 2-bedroom in Highmore under the 30% rule, you need an annual salary of at least $42,600. The median household income in Highmore is $69,583.

Can I afford a 2-bedroom in Highmore on $69,583?

The affordability verdict for Highmore is "Affordable". The rent-to-income ratio is 18.4%, meaning median earners have a $26,983 surplus.

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

The median gross rent in Highmore is $884/month. With a median household income of $69,583, residents spend approximately 18.4% of their income on rent.

What salary do I need for a studio in Highmore?

A studio in Highmore rents for approximately $746/month. Under the 30% rule, you need an annual salary of $29,840 to afford this.

Is Highmore considered an affordable place to live?

Based on the surplus of $26,983 and an affordability verdict of "Affordable", Highmore is considered a affordable rental market when comparing the required 2-bedroom salary of $42,600 to the local median household income.

How Highmore Compares

Other cities in South Dakota with salary requirements