What Salary Do You Need to Live in Lovell?
To afford a 2-bedroom in Lovell, you need to earn at least $35,840/year based on estimated fair market rent data. The median household income here is $58,229, which means the typical resident is $22,389 above the threshold.
Salary Required by Bedroom Size
| Bedroom | Monthly Rent | Monthly Income | Annual Salary | vs. Median |
|---|---|---|---|---|
| Studio | $627 | $2,090 | $25,080 | $-33,149 |
| 1 Bedroom | $744 | $2,480 | $29,760 | $-28,469 |
| 2 Bedroom BENCHMARK | $896 | $2,987 | $35,840 | $-22,389 |
| 3 Bedroom | $1,093 | $3,643 | $43,720 | $-14,509 |
| 4 Bedroom | $1,344 | $4,480 | $53,760 | $-4,469 |
Affordability Breakdown
Where the required salary line crosses above Lovell's median income — housing becomes unaffordable for the typical resident.
Income vs. Rent Snapshot
Median Income
$58,229
Annual household
2BR Required Salary
$35,840
Under 30% rule
Income Gap
+$22,389
Surplus
Verdict
Affordable
Ratio: 18.5%
The 30% Rule Calculator
Enter your annual salary to see what you can afford in Lovell
Pre-filled with Lovell's median household income
Studio
$627/mo
1 BR
$744/mo
2 BR
$896/mo
3 BR
$1,093/mo
4 BR
$1,344/mo
Salary Comparison by Bedroom
Bars left of the marker line are affordable for Lovell's median earner. Bars to the right require above-median income.
What This Means If You're Moving to Lovell
Lovell, Wyoming stands out as one of the more financially accessible housing markets in the state. The median household income of $58,229 significantly exceeds the $35,840 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $22,389 annual surplus for savings, debt repayment, or lifestyle spending.
For remote workers or relocators evaluating Lovell, a studio at $627/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,093/month remains accessible for dual-income households earning above $43,720.
To live comfortably with room for non-housing expenses, a break-even salary of approximately $53,760 would position you well — though many residents in Lovell manage on less given the favorable rent-to-income dynamics.
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 Lovell, Wyoming.
With a total population of 2,178, the city supports an active civilian workforce of 937 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $35,840 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
937
Active civilian employees in Lovell
Frequently Asked Questions About Renting in Lovell
What salary do I need to live in Lovell, Wyoming?
Can I afford a 2-bedroom in Lovell on $58,229?
What is the average rent in Lovell compared to median income?
What salary do I need for a studio in Lovell?
Is Lovell considered an affordable place to live?
How Lovell Compares
Other cities in Wyoming with salary requirements