Stretched

What Salary Do You Need to Live in Craigsville?

To afford a 2-bedroom in Craigsville, you need to earn at least $36,400/year based on estimated fair market rent data. The median household income here is $31,667, which means the typical resident is $4,733 below the threshold.

Census ACS Data Pop. 931

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$637	$2,123	$25,480	$-6,187
1 Bedroom	$755	$2,517	$30,200	$-1,467
2 Bedroom BENCHMARK	$910	$3,033	$36,400	+$4,733
3 Bedroom	$1,110	$3,700	$44,400	+$12,733
4 Bedroom	$1,365	$4,550	$54,600	+$22,933

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$31,667

Annual household

2BR Required Salary

$36,400

Under 30% rule

Income Gap

-$4,733

Deficit

Verdict

Stretched

Ratio: 34.5%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Craigsville's median household income

Max monthly rent you can afford$792

Studio

$637/mo

1 BR

$755/mo

2 BR

$910/mo

3 BR

$1,110/mo

4 BR

$1,365/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Craigsville

Renting in Craigsville is stretched but not impossible. The gap is a relatively narrow $4,733, suggesting that households slightly above median can find workable arrangements — especially with studios at $637/month.

If you're relocating to Craigsville, target the studio or 1-bedroom tier ($637–$755/month) unless your income exceeds $36,400. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $455/month.

The break-even salary for comfortable living in Craigsville is approximately $54,600. Below this threshold, expect housing to consume a disproportionate share of your budget, limiting discretionary spending and savings capacity.

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 Craigsville, Virginia.

With a total population of 931, the city supports an active civilian workforce of 343 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $36,400 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

343

Active civilian employees in Craigsville

Frequently Asked Questions About Renting in Craigsville

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

To afford a 2-bedroom in Craigsville under the 30% rule, you need an annual salary of at least $36,400. The median household income in Craigsville is $31,667.

Can I afford a 2-bedroom in Craigsville on $31,667?

The affordability verdict for Craigsville is "Stretched". The rent-to-income ratio is 34.5%, meaning there's a $4,733 income gap.

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

The median gross rent in Craigsville is $755/month. With a median household income of $31,667, residents spend approximately 34.5% of their income on rent.

What salary do I need for a studio in Craigsville?

A studio in Craigsville rents for approximately $637/month. Under the 30% rule, you need an annual salary of $25,480 to afford this.

Is Craigsville considered an affordable place to live?

Based on the deficit of $4,733 and an affordability verdict of "Stretched", Craigsville is considered a stretched rental market when comparing the required 2-bedroom salary of $36,400 to the local median household income.

How Craigsville Compares

Other cities in Virginia with salary requirements