Affordable

What Salary Do You Need to Live in Wessington Springs?

To afford a 2-bedroom in Wessington Springs, you need to earn at least $20,320/year based on estimated fair market rent data. The median household income here is $42,946, which means the typical resident is $22,626 above the threshold.

Census ACS Data Pop. 659

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$356	$1,187	$14,240	$-28,706
1 Bedroom	$422	$1,407	$16,880	$-26,066
2 Bedroom BENCHMARK	$508	$1,693	$20,320	$-22,626
3 Bedroom	$620	$2,067	$24,800	$-18,146
4 Bedroom	$762	$2,540	$30,480	$-12,466

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$42,946

Annual household

2BR Required Salary

$20,320

Under 30% rule

Income Gap

+$22,626

Surplus

Verdict

Affordable

Ratio: 14.2%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Wessington Springs

Your Annual Salary

Pre-filled with Wessington Springs's median household income

Max monthly rent you can afford$1,074

Studio

$356/mo

1 BR

$422/mo

2 BR

$508/mo

3 BR

$620/mo

4 BR

$762/mo

Your salary is $0 above the median income in Wessington Springs.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Wessington Springs

Wessington Springs, South Dakota stands out as one of the more financially accessible housing markets in the state. The median household income of $42,946 significantly exceeds the $20,320 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $22,626 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Wessington Springs, a studio at $356/month offers an even more aggressive savings rate. Even a 3-bedroom at $620/month remains accessible for dual-income households earning above $24,800.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $30,480 would position you well — though many residents in Wessington Springs 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 Wessington Springs, South Dakota.

With a total population of 659, the city supports an active civilian workforce of 312 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $20,320 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

312

Active civilian employees in Wessington Springs

Frequently Asked Questions About Renting in Wessington Springs

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

To afford a 2-bedroom in Wessington Springs under the 30% rule, you need an annual salary of at least $20,320. The median household income in Wessington Springs is $42,946.

Can I afford a 2-bedroom in Wessington Springs on $42,946?

The affordability verdict for Wessington Springs is "Affordable". The rent-to-income ratio is 14.2%, meaning median earners have a $22,626 surplus.

What is the average rent in Wessington Springs compared to median income?

The median gross rent in Wessington Springs is $422/month. With a median household income of $42,946, residents spend approximately 14.2% of their income on rent.

What salary do I need for a studio in Wessington Springs?

A studio in Wessington Springs rents for approximately $356/month. Under the 30% rule, you need an annual salary of $14,240 to afford this.

Is Wessington Springs considered an affordable place to live?

Based on the surplus of $22,626 and an affordability verdict of "Affordable", Wessington Springs is considered a affordable rental market when comparing the required 2-bedroom salary of $20,320 to the local median household income.

How Wessington Springs Compares

Other cities in South Dakota with salary requirements