Manageable

What Salary Do You Need to Live in Parmelee?

To afford a 2-bedroom in Parmelee, you need to earn at least $22,760/year based on estimated fair market rent data. The median household income here is $26,250, which means the typical resident is $3,490 above the threshold.

Census ACS Data Pop. 434

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$398	$1,327	$15,920	$-10,330
1 Bedroom	$472	$1,573	$18,880	$-7,370
2 Bedroom BENCHMARK	$569	$1,897	$22,760	$-3,490
3 Bedroom	$694	$2,313	$27,760	+$1,510
4 Bedroom	$854	$2,847	$34,160	+$7,910

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$26,250

Annual household

2BR Required Salary

$22,760

Under 30% rule

Income Gap

+$3,490

Surplus

Verdict

Manageable

Ratio: 26.0%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Parmelee's median household income

Max monthly rent you can afford$656

Studio

$398/mo

1 BR

$472/mo

2 BR

$569/mo

3 BR

$694/mo

4 BR

$854/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Parmelee

Parmelee is borderline manageable — the difference between required salary and median income is just $3,490. This means most households can technically afford a 2-bedroom, but have very little breathing room for savings or emergencies.

Downsizing to a 1-bedroom ($472/month) or studio ($398/month) materially improves the math. For those needing more space, a 3-bedroom in Parmelee pushes the required income to $27,760.

For comfortable living in Parmelee without financial stress, target a household income of at least $34,140 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for South Dakota's cost of living.

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 Parmelee, South Dakota.

With a total population of 434, the city supports an active civilian workforce of 68 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $22,760 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

Active civilian employees in Parmelee

Frequently Asked Questions About Renting in Parmelee

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

To afford a 2-bedroom in Parmelee under the 30% rule, you need an annual salary of at least $22,760. The median household income in Parmelee is $26,250.

Can I afford a 2-bedroom in Parmelee on $26,250?

The affordability verdict for Parmelee is "Manageable". The rent-to-income ratio is 26.0%, meaning median earners have a $3,490 surplus.

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

The median gross rent in Parmelee is $472/month. With a median household income of $26,250, residents spend approximately 26.0% of their income on rent.

What salary do I need for a studio in Parmelee?

A studio in Parmelee rents for approximately $398/month. Under the 30% rule, you need an annual salary of $15,920 to afford this.

Is Parmelee considered an affordable place to live?

Based on the surplus of $3,490 and an affordability verdict of "Manageable", Parmelee is considered a manageable rental market when comparing the required 2-bedroom salary of $22,760 to the local median household income.

How Parmelee Compares

Other cities in South Dakota with salary requirements