Affordable

What Salary Do You Need to Live in Mills?

To afford a 2-bedroom in Mills, you need to earn at least $42,520/year based on estimated fair market rent data. The median household income here is $55,231, which means the typical resident is $12,711 above the threshold.

Census ACS Data Pop. 4,218

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$744	$2,480	$29,760	$-25,471
1 Bedroom	$882	$2,940	$35,280	$-19,951
2 Bedroom BENCHMARK	$1,063	$3,543	$42,520	$-12,711
3 Bedroom	$1,297	$4,323	$51,880	$-3,351
4 Bedroom	$1,595	$5,317	$63,800	+$8,569

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$55,231

Annual household

2BR Required Salary

$42,520

Under 30% rule

Income Gap

+$12,711

Surplus

Verdict

Affordable

Ratio: 23.1%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Mills's median household income

Max monthly rent you can afford$1,381

Studio

$744/mo

1 BR

$882/mo

2 BR

$1,063/mo

3 BR

$1,297/mo

4 BR

$1,595/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Mills

Living in Mills is well within reach for most median-income earners. With a $12,711 cushion between what residents earn and what a 2-bedroom requires, households in Mills typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Mills, a studio at $744/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,297/month remains accessible for dual-income households earning above $51,880.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $63,780 would position you well — though many residents in Mills 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 Mills, Wyoming.

With a total population of 4,218, the city supports an active civilian workforce of 1,942 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $42,520 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

1,942

Active civilian employees in Mills

Frequently Asked Questions About Renting in Mills

What salary do I need to live in Mills, Wyoming?

To afford a 2-bedroom in Mills under the 30% rule, you need an annual salary of at least $42,520. The median household income in Mills is $55,231.

Can I afford a 2-bedroom in Mills on $55,231?

The affordability verdict for Mills is "Affordable". The rent-to-income ratio is 23.1%, meaning median earners have a $12,711 surplus.

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

The median gross rent in Mills is $882/month. With a median household income of $55,231, residents spend approximately 23.1% of their income on rent.

What salary do I need for a studio in Mills?

A studio in Mills rents for approximately $744/month. Under the 30% rule, you need an annual salary of $29,760 to afford this.

Is Mills considered an affordable place to live?

Based on the surplus of $12,711 and an affordability verdict of "Affordable", Mills is considered a affordable rental market when comparing the required 2-bedroom salary of $42,520 to the local median household income.

How Mills Compares

Other cities in Wyoming with salary requirements