Affordable

What Salary Do You Need to Live in Broadway?

To afford a 2-bedroom in Broadway, you need to earn at least $46,920/year based on estimated fair market rent data. The median household income here is $62,123, which means the typical resident is $15,203 above the threshold.

Census ACS Data Pop. 4,169

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$821	$2,737	$32,840	$-29,283
1 Bedroom	$974	$3,247	$38,960	$-23,163
2 Bedroom BENCHMARK	$1,173	$3,910	$46,920	$-15,203
3 Bedroom	$1,431	$4,770	$57,240	$-4,883
4 Bedroom	$1,760	$5,867	$70,400	+$8,277

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$62,123

Annual household

2BR Required Salary

$46,920

Under 30% rule

Income Gap

+$15,203

Surplus

Verdict

Affordable

Ratio: 22.7%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Broadway's median household income

Max monthly rent you can afford$1,553

Studio

$821/mo

1 BR

$974/mo

2 BR

$1,173/mo

3 BR

$1,431/mo

4 BR

$1,760/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Broadway

Living in Broadway is well within reach for most median-income earners. With a $15,203 cushion between what residents earn and what a 2-bedroom requires, households in Broadway typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Broadway, a studio at $821/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,431/month remains accessible for dual-income households earning above $57,240.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $70,380 would position you well — though many residents in Broadway 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 Broadway, Virginia.

With a total population of 4,169, the city supports an active civilian workforce of 2,389 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $46,920 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

2,389

Active civilian employees in Broadway

Frequently Asked Questions About Renting in Broadway

What salary do I need to live in Broadway, Virginia?

To afford a 2-bedroom in Broadway under the 30% rule, you need an annual salary of at least $46,920. The median household income in Broadway is $62,123.

Can I afford a 2-bedroom in Broadway on $62,123?

The affordability verdict for Broadway is "Affordable". The rent-to-income ratio is 22.7%, meaning median earners have a $15,203 surplus.

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

The median gross rent in Broadway is $974/month. With a median household income of $62,123, residents spend approximately 22.7% of their income on rent.

What salary do I need for a studio in Broadway?

A studio in Broadway rents for approximately $821/month. Under the 30% rule, you need an annual salary of $32,840 to afford this.

Is Broadway considered an affordable place to live?

Based on the surplus of $15,203 and an affordability verdict of "Affordable", Broadway is considered a affordable rental market when comparing the required 2-bedroom salary of $46,920 to the local median household income.

How Broadway Compares

Other cities in Virginia with salary requirements