Affordable

What Salary Do You Need to Live in Hyde Park?

To afford a 2-bedroom in Hyde Park, you need to earn at least $50,840/year based on estimated fair market rent data. The median household income here is $93,306, which means the typical resident is $42,466 above the threshold.

Census ACS Data Pop. 5,264

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$890	$2,967	$35,600	$-57,706
1 Bedroom	$1,055	$3,517	$42,200	$-51,106
2 Bedroom BENCHMARK	$1,271	$4,237	$50,840	$-42,466
3 Bedroom	$1,551	$5,170	$62,040	$-31,266
4 Bedroom	$1,907	$6,357	$76,280	$-17,026

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$93,306

Annual household

2BR Required Salary

$50,840

Under 30% rule

Income Gap

+$42,466

Surplus

Verdict

Affordable

Ratio: 16.3%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Hyde Park

Your Annual Salary

Pre-filled with Hyde Park's median household income

Max monthly rent you can afford$2,333

Studio

$890/mo

1 BR

$1,055/mo

2 BR

$1,271/mo

3 BR

$1,551/mo

4 BR

$1,907/mo

Your salary is $0 above the median income in Hyde Park.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Hyde Park

Hyde Park, Utah stands out as one of the more financially accessible housing markets in the state. The median household income of $93,306 significantly exceeds the $50,840 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $42,466 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Hyde Park, a studio at $890/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,551/month remains accessible for dual-income households earning above $62,040.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $76,260 would position you well — though many residents in Hyde Park 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 Hyde Park, Utah.

With a total population of 5,264, the city supports an active civilian workforce of 2,201 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $50,840 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

2,201

Active civilian employees in Hyde Park

Frequently Asked Questions About Renting in Hyde Park

What salary do I need to live in Hyde Park, Utah?

To afford a 2-bedroom in Hyde Park under the 30% rule, you need an annual salary of at least $50,840. The median household income in Hyde Park is $93,306.

Can I afford a 2-bedroom in Hyde Park on $93,306?

The affordability verdict for Hyde Park is "Affordable". The rent-to-income ratio is 16.3%, meaning median earners have a $42,466 surplus.

What is the average rent in Hyde Park compared to median income?

The median gross rent in Hyde Park is $1,055/month. With a median household income of $93,306, residents spend approximately 16.3% of their income on rent.

What salary do I need for a studio in Hyde Park?

A studio in Hyde Park rents for approximately $890/month. Under the 30% rule, you need an annual salary of $35,600 to afford this.

Is Hyde Park considered an affordable place to live?

Based on the surplus of $42,466 and an affordability verdict of "Affordable", Hyde Park is considered a affordable rental market when comparing the required 2-bedroom salary of $50,840 to the local median household income.

How Hyde Park Compares

Other cities in Utah with salary requirements