Affordable

What Salary Do You Need to Live in Montello?

To afford a 2-bedroom in Montello, you need to earn at least $29,840/year based on estimated fair market rent data. The median household income here is $52,500, which means the typical resident is $22,660 above the threshold.

Census ACS Data Pop. 1,405

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$522	$1,740	$20,880	$-31,620
1 Bedroom	$619	$2,063	$24,760	$-27,740
2 Bedroom BENCHMARK	$746	$2,487	$29,840	$-22,660
3 Bedroom	$910	$3,033	$36,400	$-16,100
4 Bedroom	$1,119	$3,730	$44,760	$-7,740

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$52,500

Annual household

2BR Required Salary

$29,840

Under 30% rule

Income Gap

+$22,660

Surplus

Verdict

Affordable

Ratio: 17.1%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Montello's median household income

Max monthly rent you can afford$1,313

Studio

$522/mo

1 BR

$619/mo

2 BR

$746/mo

3 BR

$910/mo

4 BR

$1,119/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Montello

Montello, Wisconsin stands out as one of the more financially accessible housing markets in the state. The median household income of $52,500 significantly exceeds the $29,840 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $22,660 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Montello, a studio at $522/month offers an even more aggressive savings rate. Even a 3-bedroom at $910/month remains accessible for dual-income households earning above $36,400.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $44,760 would position you well — though many residents in Montello 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 Montello, Wisconsin.

With a total population of 1,405, the city supports an active civilian workforce of 513 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $29,840 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

513

Active civilian employees in Montello

Frequently Asked Questions About Renting in Montello

What salary do I need to live in Montello, Wisconsin?

To afford a 2-bedroom in Montello under the 30% rule, you need an annual salary of at least $29,840. The median household income in Montello is $52,500.

Can I afford a 2-bedroom in Montello on $52,500?

The affordability verdict for Montello is "Affordable". The rent-to-income ratio is 17.1%, meaning median earners have a $22,660 surplus.

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

The median gross rent in Montello is $619/month. With a median household income of $52,500, residents spend approximately 17.1% of their income on rent.

What salary do I need for a studio in Montello?

A studio in Montello rents for approximately $522/month. Under the 30% rule, you need an annual salary of $20,880 to afford this.

Is Montello considered an affordable place to live?

Based on the surplus of $22,660 and an affordability verdict of "Affordable", Montello is considered a affordable rental market when comparing the required 2-bedroom salary of $29,840 to the local median household income.

How Montello Compares

Other cities in Wisconsin with salary requirements