Affordable

What Salary Do You Need to Live in Callaghan?

To afford a 2-bedroom in Callaghan, you need to earn at least $39,360/year based on estimated fair market rent data. The median household income here is $101,111, which means the typical resident is $61,751 above the threshold.

Census ACS Data Pop. 317

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$689	$2,297	$27,560	$-73,551
1 Bedroom	$817	$2,723	$32,680	$-68,431
2 Bedroom BENCHMARK	$984	$3,280	$39,360	$-61,751
3 Bedroom	$1,200	$4,000	$48,000	$-53,111
4 Bedroom	$1,476	$4,920	$59,040	$-42,071

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$101,111

Annual household

2BR Required Salary

$39,360

Under 30% rule

Income Gap

+$61,751

Surplus

Verdict

Affordable

Ratio: 11.7%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Callaghan's median household income

Max monthly rent you can afford$2,528

Studio

$689/mo

1 BR

$817/mo

2 BR

$984/mo

3 BR

$1,200/mo

4 BR

$1,476/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Callaghan

Callaghan, Virginia stands out as one of the more financially accessible housing markets in the state. The median household income of $101,111 significantly exceeds the $39,360 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $61,751 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Callaghan, a studio at $689/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,200/month remains accessible for dual-income households earning above $48,000.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $59,040 would position you well — though many residents in Callaghan 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 Callaghan, Virginia.

With a total population of 317, the city supports an active civilian workforce of 207 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $39,360 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

207

Active civilian employees in Callaghan

Frequently Asked Questions About Renting in Callaghan

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

To afford a 2-bedroom in Callaghan under the 30% rule, you need an annual salary of at least $39,360. The median household income in Callaghan is $101,111.

Can I afford a 2-bedroom in Callaghan on $101,111?

The affordability verdict for Callaghan is "Affordable". The rent-to-income ratio is 11.7%, meaning median earners have a $61,751 surplus.

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

The median gross rent in Callaghan is $817/month. With a median household income of $101,111, residents spend approximately 11.7% of their income on rent.

What salary do I need for a studio in Callaghan?

A studio in Callaghan rents for approximately $689/month. Under the 30% rule, you need an annual salary of $27,560 to afford this.

Is Callaghan considered an affordable place to live?

Based on the surplus of $61,751 and an affordability verdict of "Affordable", Callaghan is considered a affordable rental market when comparing the required 2-bedroom salary of $39,360 to the local median household income.

How Callaghan Compares

Other cities in Virginia with salary requirements