Affordable

What Salary Do You Need to Live in Follansbee?

To afford a 2-bedroom in Follansbee, you need to earn at least $28,480/year based on estimated fair market rent data. The median household income here is $47,386, which means the typical resident is $18,906 above the threshold.

Census ACS Data Pop. 2,812

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$498	$1,660	$19,920	$-27,466
1 Bedroom	$591	$1,970	$23,640	$-23,746
2 Bedroom BENCHMARK	$712	$2,373	$28,480	$-18,906
3 Bedroom	$869	$2,897	$34,760	$-12,626
4 Bedroom	$1,068	$3,560	$42,720	$-4,666

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$47,386

Annual household

2BR Required Salary

$28,480

Under 30% rule

Income Gap

+$18,906

Surplus

Verdict

Affordable

Ratio: 18.0%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Follansbee's median household income

Max monthly rent you can afford$1,185

Studio

$498/mo

1 BR

$591/mo

2 BR

$712/mo

3 BR

$869/mo

4 BR

$1,068/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Follansbee

Living in Follansbee is well within reach for most median-income earners. With a $18,906 cushion between what residents earn and what a 2-bedroom requires, households in Follansbee typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Follansbee, a studio at $498/month offers an even more aggressive savings rate. Even a 3-bedroom at $869/month remains accessible for dual-income households earning above $34,760.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $42,720 would position you well — though many residents in Follansbee 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 Follansbee, West Virginia.

With a total population of 2,812, the city supports an active civilian workforce of 1,526 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $28,480 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

1,526

Active civilian employees in Follansbee

Frequently Asked Questions About Renting in Follansbee

What salary do I need to live in Follansbee, West Virginia?

To afford a 2-bedroom in Follansbee under the 30% rule, you need an annual salary of at least $28,480. The median household income in Follansbee is $47,386.

Can I afford a 2-bedroom in Follansbee on $47,386?

The affordability verdict for Follansbee is "Affordable". The rent-to-income ratio is 18.0%, meaning median earners have a $18,906 surplus.

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

The median gross rent in Follansbee is $591/month. With a median household income of $47,386, residents spend approximately 18.0% of their income on rent.

What salary do I need for a studio in Follansbee?

A studio in Follansbee rents for approximately $498/month. Under the 30% rule, you need an annual salary of $19,920 to afford this.

Is Follansbee considered an affordable place to live?

Based on the surplus of $18,906 and an affordability verdict of "Affordable", Follansbee is considered a affordable rental market when comparing the required 2-bedroom salary of $28,480 to the local median household income.

How Follansbee Compares

Other cities in West Virginia with salary requirements