Affordable

What Salary Do You Need to Live in Mineral Point?

To afford a 2-bedroom in Mineral Point, you need to earn at least $31,080/year based on estimated fair market rent data. The median household income here is $67,656, which means the typical resident is $36,576 above the threshold.

Census ACS Data Pop. 2,569

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$544	$1,813	$21,760	$-45,896
1 Bedroom	$645	$2,150	$25,800	$-41,856
2 Bedroom BENCHMARK	$777	$2,590	$31,080	$-36,576
3 Bedroom	$948	$3,160	$37,920	$-29,736
4 Bedroom	$1,166	$3,887	$46,640	$-21,016

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$67,656

Annual household

2BR Required Salary

$31,080

Under 30% rule

Income Gap

+$36,576

Surplus

Verdict

Affordable

Ratio: 13.8%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Mineral Point

Your Annual Salary

Pre-filled with Mineral Point's median household income

Max monthly rent you can afford$1,691

Studio

$544/mo

1 BR

$645/mo

2 BR

$777/mo

3 BR

$948/mo

4 BR

$1,166/mo

Your salary is $0 above the median income in Mineral Point.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Mineral Point

Mineral Point, Wisconsin stands out as one of the more financially accessible housing markets in the state. The median household income of $67,656 significantly exceeds the $31,080 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $36,576 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Mineral Point, a studio at $544/month offers an even more aggressive savings rate. Even a 3-bedroom at $948/month remains accessible for dual-income households earning above $37,920.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $46,620 would position you well — though many residents in Mineral Point 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 Mineral Point, Wisconsin.

With a total population of 2,569, the city supports an active civilian workforce of 1,353 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $31,080 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

1,353

Active civilian employees in Mineral Point

Frequently Asked Questions About Renting in Mineral Point

What salary do I need to live in Mineral Point, Wisconsin?

To afford a 2-bedroom in Mineral Point under the 30% rule, you need an annual salary of at least $31,080. The median household income in Mineral Point is $67,656.

Can I afford a 2-bedroom in Mineral Point on $67,656?

The affordability verdict for Mineral Point is "Affordable". The rent-to-income ratio is 13.8%, meaning median earners have a $36,576 surplus.

What is the average rent in Mineral Point compared to median income?

The median gross rent in Mineral Point is $645/month. With a median household income of $67,656, residents spend approximately 13.8% of their income on rent.

What salary do I need for a studio in Mineral Point?

A studio in Mineral Point rents for approximately $544/month. Under the 30% rule, you need an annual salary of $21,760 to afford this.

Is Mineral Point considered an affordable place to live?

Based on the surplus of $36,576 and an affordability verdict of "Affordable", Mineral Point is considered a affordable rental market when comparing the required 2-bedroom salary of $31,080 to the local median household income.

How Mineral Point Compares

Other cities in Wisconsin with salary requirements