Affordable

What Salary Do You Need to Live in Raymond?

To afford a 2-bedroom in Raymond, you need to earn at least $46,560/year based on estimated fair market rent data. The median household income here is $57,991, which means the typical resident is $11,431 above the threshold.

Census ACS Data Pop. 3,092

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$815	$2,717	$32,600	$-25,391
1 Bedroom	$966	$3,220	$38,640	$-19,351
2 Bedroom BENCHMARK	$1,164	$3,880	$46,560	$-11,431
3 Bedroom	$1,420	$4,733	$56,800	$-1,191
4 Bedroom	$1,746	$5,820	$69,840	+$11,849

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$57,991

Annual household

2BR Required Salary

$46,560

Under 30% rule

Income Gap

+$11,431

Surplus

Verdict

Affordable

Ratio: 24.1%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Raymond's median household income

Max monthly rent you can afford$1,450

Studio

$815/mo

1 BR

$966/mo

2 BR

$1,164/mo

3 BR

$1,420/mo

4 BR

$1,746/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Raymond

Living in Raymond is well within reach for most median-income earners. With a $11,431 cushion between what residents earn and what a 2-bedroom requires, households in Raymond typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Raymond, a studio at $815/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,420/month remains accessible for dual-income households earning above $56,800.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $69,840 would position you well — though many residents in Raymond 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 Raymond, Washington.

With a total population of 3,092, the city supports an active civilian workforce of 1,300 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $46,560 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

1,300

Active civilian employees in Raymond

Frequently Asked Questions About Renting in Raymond

What salary do I need to live in Raymond, Washington?

To afford a 2-bedroom in Raymond under the 30% rule, you need an annual salary of at least $46,560. The median household income in Raymond is $57,991.

Can I afford a 2-bedroom in Raymond on $57,991?

The affordability verdict for Raymond is "Affordable". The rent-to-income ratio is 24.1%, meaning median earners have a $11,431 surplus.

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

The median gross rent in Raymond is $966/month. With a median household income of $57,991, residents spend approximately 24.1% of their income on rent.

What salary do I need for a studio in Raymond?

A studio in Raymond rents for approximately $815/month. Under the 30% rule, you need an annual salary of $32,600 to afford this.

Is Raymond considered an affordable place to live?

Based on the surplus of $11,431 and an affordability verdict of "Affordable", Raymond is considered a affordable rental market when comparing the required 2-bedroom salary of $46,560 to the local median household income.

How Raymond Compares

Other cities in Washington with salary requirements