Yahoo Finance The Salary You Need To Afford To Rent a 1-Bedroom In Every State
With the ever-rising cost of living, the average American one-bedroom apartment now rents for $1,217. If you stick to the rule of thumb of spending 30% of your gross income on housing, you’d need a salary of $48,680 to comfortably afford rent.
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Of course, this number varies widely from state to state. For example, a salary of $27,420 would allow you to comfortably afford rent for a one-bedroom in West Virginia, but you would need to earn $73,900 to afford rent in California.
Here’s a look at the salary needed to afford to rent a one-bedroom apartment in every state.
Alabama
Average one-bedroom monthly rent: $807
Minimum salary needed: $32,290
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Arizona
Average one-bedroom monthly rent: $1,152
Minimum salary needed: $46,090
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Arkansas
Average one-bedroom monthly rent: $727
Minimum salary needed: $29,090
California
Average one-bedroom monthly rent: $1,848
Minimum salary needed: $73,900
Colorado
Average one-bedroom monthly rent: $1,446
Minimum salary needed: $57,840
Connecticut
Average one-bedroom monthly rent: $1,324
Minimum salary needed: $52,950
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Delaware
Average one-bedroom monthly rent: $1,214
Minimum salary needed: $48,560
Florida
Average one-bedroom monthly rent: $1,307
Minimum salary needed: $52,260
Georgia
Average one-bedroom monthly rent: $1,239
Minimum salary needed: $49,570
Hawaii
Average one-bedroom monthly rent: $1,731
Minimum salary needed: $69,220
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Idaho
Average one-bedroom monthly rent: $815
Minimum salary needed: $32,600
Illinois
Average one-bedroom monthly rent: $1,199
Minimum salary needed: $47,970
Indiana
Average one-bedroom monthly rent: $900
Minimum salary needed: $35,990
Iowa
Average one-bedroom monthly rent: $779
Minimum salary needed: $31,170
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Kansas
Average one-bedroom monthly rent: $856
Minimum salary needed: $34,220
Kentucky
Average one-bedroom monthly rent: $830
Minimum salary needed: $33,190
Louisiana
Average one-bedroom monthly rent: $892
Minimum salary needed: $35,670
Maine
Average one-bedroom monthly rent: $837
Minimum salary needed: $33,480
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Maryland
Average one-bedroom monthly rent: $1,493
Minimum salary needed: $59,700
Massachusetts
Average one-bedroom monthly rent: $1,524
Minimum salary needed: $60,940
Michigan
Average one-bedroom monthly rent: $901
Minimum salary needed: $36,020
Minnesota
Average one-bedroom monthly rent: $1,143
Minimum salary needed: $45,720
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Mississippi
Average one-bedroom monthly rent: $831
Minimum salary needed: $33,250
Missouri
Average one-bedroom monthly rent: $909
Minimum salary needed: $36,340
Montana
Average one-bedroom monthly rent: $837
Minimum salary needed: $33,490
Nebraska
Average one-bedroom monthly rent: $953
Minimum salary needed: $38,130
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Nevada
Average one-bedroom monthly rent: $1,160
Minimum salary needed: $46,400
New Hampshire
Average one-bedroom monthly rent: $1,158
Minimum salary needed: $46,300
New Jersey
Average one-bedroom monthly rent: $1,606
Minimum salary needed: $64,230
New Mexico
Average one-bedroom monthly rent: $880
Minimum salary needed: $35,200
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New York
Average one-bedroom monthly rent: $1,730
Minimum salary needed: $69,210
North Carolina
Average one-bedroom monthly rent: $1,126
Minimum salary needed: $45,020
North Dakota
Average one-bedroom monthly rent: $896
Minimum salary needed: $35,830
Ohio
Average one-bedroom monthly rent: $844
Minimum salary needed: $33,760
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Oklahoma
Average one-bedroom monthly rent: $801
Minimum salary needed: $32,030
Oregon
Average one-bedroom monthly rent: $1,227
Minimum salary needed: $49,090
Pennsylvania
Average one-bedroom monthly rent: $1,056
Minimum salary needed: $42,230
Rhode Island
Average one-bedroom monthly rent: $1,088
Minimum salary needed: $43,530
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South Carolina
Average one-bedroom monthly rent: $1,128
Minimum salary needed: $45,120
South Dakota
Average one-bedroom monthly rent: $711
Minimum salary needed: $28,420
Tennessee
Average one-bedroom monthly rent: $1,013
Minimum salary needed: $40,520
Texas
Average one-bedroom monthly rent: $1,144
Minimum salary needed: $45,740
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Utah
Average one-bedroom monthly rent: $1,111
Minimum salary needed: $44,430
Virginia
Average one-bedroom monthly rent: $1,570
Minimum salary needed: $62,780
Washington
Average one-bedroom monthly rent: $1,506
Minimum salary needed: $60,240
West Virginia
Average one-bedroom monthly rent: $686
Minimum salary needed: $27,420
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Wisconsin
Average one-bedroom monthly rent: $959
Minimum salary needed: $38,360
Wyoming
Average one-bedroom monthly rent: $786
Minimum salary needed: $31,420
Methodology: For this piece, GOBankingRates used ApartmentList’s April 2024 rent data to find the average cost of a one-bedroom apartment in every state. With this figure found, GOBankingRates was able to determine the minimum salary needed to afford a one-bedroom apartment in every state, assuming housing should not cost one more than 30% of one’s gross (pre-tax) income. All data was collected and up to date as of April 30, 2024. Alaska and Vermont were excluded due to insufficient data.
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This article originally appeared on GOBankingRates.com: The Salary You Need To Afford To Rent a 1-Bedroom In Every State
