Affordable

What Salary Do You Need to Live in Lake Andes?

To afford a 2-bedroom in Lake Andes, you need to earn at least $34,440/year based on estimated fair market rent data. The median household income here is $46,250, which means the typical resident is $11,810 above the threshold.

Census ACS Data Pop. 945

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$603	$2,010	$24,120	$-22,130
1 Bedroom	$715	$2,383	$28,600	$-17,650
2 Bedroom BENCHMARK	$861	$2,870	$34,440	$-11,810
3 Bedroom	$1,050	$3,500	$42,000	$-4,250
4 Bedroom	$1,292	$4,307	$51,680	+$5,430

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$46,250

Annual household

2BR Required Salary

$34,440

Under 30% rule

Income Gap

+$11,810

Surplus

Verdict

Affordable

Ratio: 22.3%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Lake Andes

Your Annual Salary

Pre-filled with Lake Andes's median household income

Max monthly rent you can afford$1,156

Studio

$603/mo

1 BR

$715/mo

2 BR

$861/mo

3 BR

$1,050/mo

4 BR

$1,292/mo

Your salary is $0 above the median income in Lake Andes.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Lake Andes

Living in Lake Andes is well within reach for most median-income earners. With a $11,810 cushion between what residents earn and what a 2-bedroom requires, households in Lake Andes typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Lake Andes, a studio at $603/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,050/month remains accessible for dual-income households earning above $42,000.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $51,660 would position you well — though many residents in Lake Andes 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 Lake Andes, South Dakota.

With a total population of 945, the city supports an active civilian workforce of 300 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $34,440 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

300

Active civilian employees in Lake Andes

Frequently Asked Questions About Renting in Lake Andes

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

To afford a 2-bedroom in Lake Andes under the 30% rule, you need an annual salary of at least $34,440. The median household income in Lake Andes is $46,250.

Can I afford a 2-bedroom in Lake Andes on $46,250?

The affordability verdict for Lake Andes is "Affordable". The rent-to-income ratio is 22.3%, meaning median earners have a $11,810 surplus.

What is the average rent in Lake Andes compared to median income?

The median gross rent in Lake Andes is $715/month. With a median household income of $46,250, residents spend approximately 22.3% of their income on rent.

What salary do I need for a studio in Lake Andes?

A studio in Lake Andes rents for approximately $603/month. Under the 30% rule, you need an annual salary of $24,120 to afford this.

Is Lake Andes considered an affordable place to live?

Based on the surplus of $11,810 and an affordability verdict of "Affordable", Lake Andes is considered a affordable rental market when comparing the required 2-bedroom salary of $34,440 to the local median household income.

How Lake Andes Compares

Other cities in South Dakota with salary requirements