Affordable

What Salary Do You Need to Live in New Odanah?

To afford a 2-bedroom in New Odanah, you need to earn at least $19,760/year based on estimated fair market rent data. The median household income here is $68,214, which means the typical resident is $48,454 above the threshold.

Census ACS Data Pop. 362

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$346	$1,153	$13,840	$-54,374
1 Bedroom	$410	$1,367	$16,400	$-51,814
2 Bedroom BENCHMARK	$494	$1,647	$19,760	$-48,454
3 Bedroom	$603	$2,010	$24,120	$-44,094
4 Bedroom	$741	$2,470	$29,640	$-38,574

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$68,214

Annual household

2BR Required Salary

$19,760

Under 30% rule

Income Gap

+$48,454

Surplus

Verdict

Affordable

Ratio: 8.7%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in New Odanah

Your Annual Salary

Pre-filled with New Odanah's median household income

Max monthly rent you can afford$1,705

Studio

$346/mo

1 BR

$410/mo

2 BR

$494/mo

3 BR

$603/mo

4 BR

$741/mo

Your salary is $0 above the median income in New Odanah.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to New Odanah

New Odanah, Wisconsin stands out as one of the more financially accessible housing markets in the state. The median household income of $68,214 significantly exceeds the $19,760 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $48,454 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating New Odanah, a studio at $346/month offers an even more aggressive savings rate. Even a 3-bedroom at $603/month remains accessible for dual-income households earning above $24,120.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $29,640 would position you well — though many residents in New Odanah 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 New Odanah, Wisconsin.

With a total population of 362, the city supports an active civilian workforce of 180 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $19,760 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

180

Active civilian employees in New Odanah

Frequently Asked Questions About Renting in New Odanah

What salary do I need to live in New Odanah, Wisconsin?

To afford a 2-bedroom in New Odanah under the 30% rule, you need an annual salary of at least $19,760. The median household income in New Odanah is $68,214.

Can I afford a 2-bedroom in New Odanah on $68,214?

The affordability verdict for New Odanah is "Affordable". The rent-to-income ratio is 8.7%, meaning median earners have a $48,454 surplus.

What is the average rent in New Odanah compared to median income?

The median gross rent in New Odanah is $410/month. With a median household income of $68,214, residents spend approximately 8.7% of their income on rent.

What salary do I need for a studio in New Odanah?

A studio in New Odanah rents for approximately $346/month. Under the 30% rule, you need an annual salary of $13,840 to afford this.

Is New Odanah considered an affordable place to live?

Based on the surplus of $48,454 and an affordability verdict of "Affordable", New Odanah is considered a affordable rental market when comparing the required 2-bedroom salary of $19,760 to the local median household income.

How New Odanah Compares

Other cities in Wisconsin with salary requirements