Affordable

What Salary Do You Need to Live in Colonial Heights?

To afford a 2-bedroom in Colonial Heights, you need to earn at least $45,480/year based on estimated fair market rent data. The median household income here is $76,109, which means the typical resident is $30,629 above the threshold.

Census ACS Data Pop. 2,667

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$796	$2,653	$31,840	$-44,269
1 Bedroom	$944	$3,147	$37,760	$-38,349
2 Bedroom BENCHMARK	$1,137	$3,790	$45,480	$-30,629
3 Bedroom	$1,387	$4,623	$55,480	$-20,629
4 Bedroom	$1,706	$5,687	$68,240	$-7,869

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$76,109

Annual household

2BR Required Salary

$45,480

Under 30% rule

Income Gap

+$30,629

Surplus

Verdict

Affordable

Ratio: 17.9%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Colonial Heights

Your Annual Salary

Pre-filled with Colonial Heights's median household income

Max monthly rent you can afford$1,903

Studio

$796/mo

1 BR

$944/mo

2 BR

$1,137/mo

3 BR

$1,387/mo

4 BR

$1,706/mo

Your salary is $0 above the median income in Colonial Heights.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Colonial Heights

Colonial Heights, Tennessee stands out as one of the more financially accessible housing markets in the state. The median household income of $76,109 significantly exceeds the $45,480 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $30,629 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Colonial Heights, a studio at $796/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,387/month remains accessible for dual-income households earning above $55,480.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $68,220 would position you well — though many residents in Colonial Heights 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 Colonial Heights, Tennessee.

With a total population of 2,667, the city supports an active civilian workforce of 1,594 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $45,480 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

1,594

Active civilian employees in Colonial Heights

Frequently Asked Questions About Renting in Colonial Heights

What salary do I need to live in Colonial Heights, Tennessee?

To afford a 2-bedroom in Colonial Heights under the 30% rule, you need an annual salary of at least $45,480. The median household income in Colonial Heights is $76,109.

Can I afford a 2-bedroom in Colonial Heights on $76,109?

The affordability verdict for Colonial Heights is "Affordable". The rent-to-income ratio is 17.9%, meaning median earners have a $30,629 surplus.

What is the average rent in Colonial Heights compared to median income?

The median gross rent in Colonial Heights is $944/month. With a median household income of $76,109, residents spend approximately 17.9% of their income on rent.

What salary do I need for a studio in Colonial Heights?

A studio in Colonial Heights rents for approximately $796/month. Under the 30% rule, you need an annual salary of $31,840 to afford this.

Is Colonial Heights considered an affordable place to live?

Based on the surplus of $30,629 and an affordability verdict of "Affordable", Colonial Heights is considered a affordable rental market when comparing the required 2-bedroom salary of $45,480 to the local median household income.

How Colonial Heights Compares

Other cities in Tennessee with salary requirements