Affordable

What Salary Do You Need to Live in Parksley?

To afford a 2-bedroom in Parksley, you need to earn at least $41,400/year based on estimated fair market rent data. The median household income here is $74,844, which means the typical resident is $33,444 above the threshold.

Census ACS Data Pop. 764

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$725	$2,417	$29,000	$-45,844
1 Bedroom	$859	$2,863	$34,360	$-40,484
2 Bedroom BENCHMARK	$1,035	$3,450	$41,400	$-33,444
3 Bedroom	$1,263	$4,210	$50,520	$-24,324
4 Bedroom	$1,553	$5,177	$62,120	$-12,724

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$74,844

Annual household

2BR Required Salary

$41,400

Under 30% rule

Income Gap

+$33,444

Surplus

Verdict

Affordable

Ratio: 16.6%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Parksley's median household income

Max monthly rent you can afford$1,871

Studio

$725/mo

1 BR

$859/mo

2 BR

$1,035/mo

3 BR

$1,263/mo

4 BR

$1,553/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Parksley

Parksley, Virginia stands out as one of the more financially accessible housing markets in the state. The median household income of $74,844 significantly exceeds the $41,400 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $33,444 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Parksley, a studio at $725/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,263/month remains accessible for dual-income households earning above $50,520.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $62,100 would position you well — though many residents in Parksley 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 Parksley, Virginia.

With a total population of 764, the city supports an active civilian workforce of 365 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $41,400 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

365

Active civilian employees in Parksley

Frequently Asked Questions About Renting in Parksley

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

To afford a 2-bedroom in Parksley under the 30% rule, you need an annual salary of at least $41,400. The median household income in Parksley is $74,844.

Can I afford a 2-bedroom in Parksley on $74,844?

The affordability verdict for Parksley is "Affordable". The rent-to-income ratio is 16.6%, meaning median earners have a $33,444 surplus.

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

The median gross rent in Parksley is $859/month. With a median household income of $74,844, residents spend approximately 16.6% of their income on rent.

What salary do I need for a studio in Parksley?

A studio in Parksley rents for approximately $725/month. Under the 30% rule, you need an annual salary of $29,000 to afford this.

Is Parksley considered an affordable place to live?

Based on the surplus of $33,444 and an affordability verdict of "Affordable", Parksley is considered a affordable rental market when comparing the required 2-bedroom salary of $41,400 to the local median household income.

How Parksley Compares

Other cities in Virginia with salary requirements