Affordable

What Salary Do You Need to Live in New Underwood?

To afford a 2-bedroom in New Underwood, you need to earn at least $37,680/year based on estimated fair market rent data. The median household income here is $49,485, which means the typical resident is $11,805 above the threshold.

Census ACS Data Pop. 574

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$659	$2,197	$26,360	$-23,125
1 Bedroom	$782	$2,607	$31,280	$-18,205
2 Bedroom BENCHMARK	$942	$3,140	$37,680	$-11,805
3 Bedroom	$1,149	$3,830	$45,960	$-3,525
4 Bedroom	$1,413	$4,710	$56,520	+$7,035

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$49,485

Annual household

2BR Required Salary

$37,680

Under 30% rule

Income Gap

+$11,805

Surplus

Verdict

Affordable

Ratio: 22.8%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in New Underwood

Your Annual Salary

Pre-filled with New Underwood's median household income

Max monthly rent you can afford$1,237

Studio

$659/mo

1 BR

$782/mo

2 BR

$942/mo

3 BR

$1,149/mo

4 BR

$1,413/mo

Your salary is $0 above the median income in New Underwood.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to New Underwood

Living in New Underwood is well within reach for most median-income earners. With a $11,805 cushion between what residents earn and what a 2-bedroom requires, households in New Underwood typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating New Underwood, a studio at $659/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,149/month remains accessible for dual-income households earning above $45,960.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $56,520 would position you well — though many residents in New Underwood 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 New Underwood, South Dakota.

With a total population of 574, the city supports an active civilian workforce of 212 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $37,680 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

212

Active civilian employees in New Underwood

Frequently Asked Questions About Renting in New Underwood

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

To afford a 2-bedroom in New Underwood under the 30% rule, you need an annual salary of at least $37,680. The median household income in New Underwood is $49,485.

Can I afford a 2-bedroom in New Underwood on $49,485?

The affordability verdict for New Underwood is "Affordable". The rent-to-income ratio is 22.8%, meaning median earners have a $11,805 surplus.

What is the average rent in New Underwood compared to median income?

The median gross rent in New Underwood is $782/month. With a median household income of $49,485, residents spend approximately 22.8% of their income on rent.

What salary do I need for a studio in New Underwood?

A studio in New Underwood rents for approximately $659/month. Under the 30% rule, you need an annual salary of $26,360 to afford this.

Is New Underwood considered an affordable place to live?

Based on the surplus of $11,805 and an affordability verdict of "Affordable", New Underwood is considered a affordable rental market when comparing the required 2-bedroom salary of $37,680 to the local median household income.

How New Underwood Compares

Other cities in South Dakota with salary requirements