Affordable

What Salary Do You Need to Live in Lennox?

To afford a 2-bedroom in Lennox, you need to earn at least $37,960/year based on estimated fair market rent data. The median household income here is $64,663, which means the typical resident is $26,703 above the threshold.

Census ACS Data Pop. 2,603

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$664	$2,213	$26,560	$-38,103
1 Bedroom	$788	$2,627	$31,520	$-33,143
2 Bedroom BENCHMARK	$949	$3,163	$37,960	$-26,703
3 Bedroom	$1,158	$3,860	$46,320	$-18,343
4 Bedroom	$1,424	$4,747	$56,960	$-7,703

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$64,663

Annual household

2BR Required Salary

$37,960

Under 30% rule

Income Gap

+$26,703

Surplus

Verdict

Affordable

Ratio: 17.6%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Lennox's median household income

Max monthly rent you can afford$1,617

Studio

$664/mo

1 BR

$788/mo

2 BR

$949/mo

3 BR

$1,158/mo

4 BR

$1,424/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Lennox

Lennox, South Dakota stands out as one of the more financially accessible housing markets in the state. The median household income of $64,663 significantly exceeds the $37,960 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $26,703 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Lennox, a studio at $664/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,158/month remains accessible for dual-income households earning above $46,320.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $56,940 would position you well — though many residents in Lennox 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 Lennox, South Dakota.

With a total population of 2,603, the city supports an active civilian workforce of 1,271 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $37,960 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

1,271

Active civilian employees in Lennox

Frequently Asked Questions About Renting in Lennox

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

To afford a 2-bedroom in Lennox under the 30% rule, you need an annual salary of at least $37,960. The median household income in Lennox is $64,663.

Can I afford a 2-bedroom in Lennox on $64,663?

The affordability verdict for Lennox is "Affordable". The rent-to-income ratio is 17.6%, meaning median earners have a $26,703 surplus.

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

The median gross rent in Lennox is $788/month. With a median household income of $64,663, residents spend approximately 17.6% of their income on rent.

What salary do I need for a studio in Lennox?

A studio in Lennox rents for approximately $664/month. Under the 30% rule, you need an annual salary of $26,560 to afford this.

Is Lennox considered an affordable place to live?

Based on the surplus of $26,703 and an affordability verdict of "Affordable", Lennox is considered a affordable rental market when comparing the required 2-bedroom salary of $37,960 to the local median household income.

How Lennox Compares

Other cities in South Dakota with salary requirements