Affordable

What Salary Do You Need to Live in Alderwood Manor?

To afford a 2-bedroom in Alderwood Manor, you need to earn at least $93,640/year based on estimated fair market rent data. The median household income here is $120,571, which means the typical resident is $26,931 above the threshold.

Census ACS Data Pop. 10,525

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,639	$5,463	$65,560	$-55,011
1 Bedroom	$1,943	$6,477	$77,720	$-42,851
2 Bedroom BENCHMARK	$2,341	$7,803	$93,640	$-26,931
3 Bedroom	$2,856	$9,520	$114,240	$-6,331
4 Bedroom	$3,512	$11,707	$140,480	+$19,909

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$120,571

Annual household

2BR Required Salary

$93,640

Under 30% rule

Income Gap

+$26,931

Surplus

Verdict

Affordable

Ratio: 23.3%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Alderwood Manor

Your Annual Salary

Pre-filled with Alderwood Manor's median household income

Max monthly rent you can afford$3,014

Studio

$1,639/mo

1 BR

$1,943/mo

2 BR

$2,341/mo

3 BR

$2,856/mo

4 BR

$3,512/mo

Your salary is $0 above the median income in Alderwood Manor.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Alderwood Manor

Alderwood Manor, Washington stands out as one of the more financially accessible housing markets in the state. The median household income of $120,571 significantly exceeds the $93,640 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $26,931 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Alderwood Manor, a studio at $1,639/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,856/month remains accessible for dual-income households earning above $114,240.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $140,460 would position you well — though many residents in Alderwood Manor 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 Alderwood Manor, Washington.

With a total population of 10,525, the city supports an active civilian workforce of 5,491 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $93,640 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

5,491

Active civilian employees in Alderwood Manor

Frequently Asked Questions About Renting in Alderwood Manor

What salary do I need to live in Alderwood Manor, Washington?

To afford a 2-bedroom in Alderwood Manor under the 30% rule, you need an annual salary of at least $93,640. The median household income in Alderwood Manor is $120,571.

Can I afford a 2-bedroom in Alderwood Manor on $120,571?

The affordability verdict for Alderwood Manor is "Affordable". The rent-to-income ratio is 23.3%, meaning median earners have a $26,931 surplus.

What is the average rent in Alderwood Manor compared to median income?

The median gross rent in Alderwood Manor is $1,943/month. With a median household income of $120,571, residents spend approximately 23.3% of their income on rent.

What salary do I need for a studio in Alderwood Manor?

A studio in Alderwood Manor rents for approximately $1,639/month. Under the 30% rule, you need an annual salary of $65,560 to afford this.

Is Alderwood Manor considered an affordable place to live?

Based on the surplus of $26,931 and an affordability verdict of "Affordable", Alderwood Manor is considered a affordable rental market when comparing the required 2-bedroom salary of $93,640 to the local median household income.

How Alderwood Manor Compares

Other cities in Washington with salary requirements