Diamond Member Pelican Press 0 Posted July 7, 2024 Diamond Member Share Posted July 7, 2024 This is the hidden content, please Sign In or Sign Up How Much Rent the Middle Class Can Afford in All 50 States Feverpitched / Getty Images/iStockphoto Amid a national rent-affordability crisis, we aimed to analyze how much middle-class renters on a This is the hidden content, please Sign In or Sign Up pay their monthly rent per state. For starters, it helps to define the “middle class.” Per the Pew Research Center: “Those with an annual household income that was two-thirds to double the median income.” So if you live in Florida — where the annual median household income is about $68,000 — making between $45,000 and $136,000 a year lands you in the middle class. From there, applying the long-time guideline that you should try spending no more than 30% of your monthly income on housing, it’s possible to calculate roughly how much members of the middle class can afford rent. Find Out: This is the hidden content, please Sign In or Sign Up Learn More: This is the hidden content, please Sign In or Sign Up There are many variables, not the least of which is that only spending 30% of your monthly income on housing is unrealistic for many — especially when low inventory and high interest rates have led to spikes in rental costs. That said, the data listed below for each state should provide a general idea of what’s affordable these days. The differences between states are pronounced. For example, Mississippi has a median household income of $52,985, and making between $35,323 and $105,970 is good enough to land you in the middle-class category. Middle-class renters in the Magnolia State can generally afford between $883 and $2,649 in monthly payments. At the other end of the spectrum, the District of Columbia has a median household income of $101,722 and a middle-class range of about $68,000 to $203,000. The affordability range for middle-class renters there is $1,695 to $5,086. Here’s a state-by-state list that includes median income, the upper and lower limits for what qualifies as middle class, and the upper and lower limits of what these This is the hidden content, please Sign In or Sign Up Michael Warren / Getty Images Alabama Median household income: $59,609 Lowest end of middle-class income: $39,739 Highest end of middle-class income: $119,218 Lowest end of rent affordability for the middle class: $993.47 Highest end of rent affordability for the middle class: $2,980.45 Check Out: This is the hidden content, please Sign In or Sign Up For You: This is the hidden content, please Sign In or Sign Up Wealthy people know the best money secrets. This is the hidden content, please Sign In or Sign Up . andykazie / Getty Images Alaska Median household income: $86,370 Lowest end of middle-class income: $57,579 Highest end of middle-class income: $172,740 Lowest end of rent affordability for the middle class: $1,439.49 Highest end of rent affordability for the middle class: $4,318.50 Story continues Learn More: This is the hidden content, please Sign In or Sign Up DenisTangneyJr / Getty Images Arizona Median household income: $72,581 Lowest end of middle-class income: $48,387 Highest end of middle-class income: $145,162 Lowest end of rent affordability for the middle class: $1,209.67 Highest end of rent affordability for the middle class: $3,629.05 BlazenImages / Getty Images/iStockphoto Arkansas Median household income: $56,335 Lowest end of middle-class income: $37,556 Highest end of middle-class income: $112,670 Lowest end of rent affordability for the middle class: $938.91 Highest end of rent affordability for the middle class: $2,816.75 DenisTangneyJr / Getty Images/iStockphoto California Median household income: $91,905 Lowest end of middle-class income: $61,269 Highest end of middle-class income: $183,810 Lowest end of rent affordability for the middle class: $1,531.73 Highest end of rent affordability for the middle class: $4,595.25 Kruck20 / Getty Images/iStockphoto Colorado Median household income: $87,598 Lowest end of middle-class income: $58,398 Highest end of middle-class income: $175,196 Lowest end of rent affordability for the middle class: $1,459.95 Highest end of rent affordability for the middle class: $4,379.90 Be Aware: This is the hidden content, please Sign In or Sign Up DenisTangneyJr / iStock.com Connecticut Median household income: $90,213 Lowest end of middle-class income: $60,141 Highest end of middle-class income: $180,426 Lowest end of rent affordability for the middle class: $1,503.53 Highest end of rent affordability for the middle class: $4,510.65 Dana Dagle Photography / Getty Images/iStockphoto Delaware Median household income: $79,325 Lowest end of middle-class income: $52,883 Highest end of middle-class income: $158,650 Lowest end of rent affordability for the middle class: $1,322.07 Highest end of rent affordability for the middle class: $3,966.25 Pgiam / Getty Images District of Columbia Median household income: $101,722 Lowest end of middle-class income: $67,814 Highest end of middle-class income: $203,444 Lowest end of rent affordability for the middle class: $1,695.35 Highest end of rent affordability for the middle class: $5,086.10 Art Wager / iStock/Getty Images Florida Median household income: $67,917 Lowest end of middle-class income: $45,278 Highest end of middle-class income: $135,834 Lowest end of rent affordability for the middle class: $1,131.94 Highest end of rent affordability for the middle class: $3,395.85 Check Out: This is the hidden content, please Sign In or Sign Up Nate Hovee / Getty Images/iStockphoto Georgia Median household income: $71,355 Lowest end of middle-class income: $47,570 Highest end of middle-class income: $142,710 Lowest end of rent affordability for the middle class: $1,189.24 Highest end of rent affordability for the middle class: $3,567.75 JamesBrey / Getty Images/iStockphoto Hawaii Median household income: $94,814 Lowest end of middle-class income: $63,209 Highest end of middle-class income: $189,628 Lowest end of rent affordability for the middle class: $1,580.22 Highest end of rent affordability for the middle class: $4,740.70 picmax / Getty Images/iStockphoto Idaho Median household income: $70,214 Lowest end of middle-class income: $46,809 Highest end of middle-class income: $140,428 Lowest end of rent affordability for the middle class: $1,170.22 Highest end of rent affordability for the middle class: $3,510.70 Mlenny / Getty Images Illinois Median household income: $78,433 Lowest end of middle-class income: $52,288 Highest end of middle-class income: $156,866 Lowest end of rent affordability for the middle class: $1,307.20 Highest end of rent affordability for the middle class: $3,921.65 Read Next: This is the hidden content, please Sign In or Sign Up Ultima_Gaina / Getty Images/iStockphoto Indiana Median household income: $67,173 Lowest end of middle-class income: $44,782 Highest end of middle-class income: $134,346 Lowest end of rent affordability for the middle class: $1,119.54 Highest end of rent affordability for the middle class: $3,358.65 dangarneau / Getty Images Iowa Median household income: $70,571 Lowest end of middle-class income: $47,047 Highest end of middle-class income: $141,142 Lowest end of rent affordability for the middle class: $1,176.17 Highest end of rent affordability for the middle class: $3,528.55 Tyler Mabie / Shutterstock.com Kansas Median household income: $69,747 Lowest end of middle-class income: $46,498 Highest end of middle-class income: $139,494 Lowest end of rent affordability for the middle class: $1,162.44 Highest end of rent affordability for the middle class: $3,487.35 hstiver / Getty Images/iStockphoto Kentucky Median household income: $60,183 Lowest end of middle-class income: $40,122 Highest end of middle-class income: $120,366 Lowest end of rent affordability for the middle class: $1,003.04 Highest end of rent affordability for the middle class: $3,009.15 Read Next: This is the hidden content, please Sign In or Sign Up SeanPavonePhoto / Getty Images Louisiana Median household income: $57,852 Lowest end of middle-class income: $38,568 Highest end of middle-class income: $115,704 Lowest end of rent affordability for the middle class: $964.19 Highest end of rent affordability for the middle class: $2,892.60 Sean Pavone / Getty Images/iStockphoto Maine Median household income: $68,251 Lowest end of middle-class income: $45,500 Highest end of middle-class income: $136,502 Lowest end of rent affordability for the middle class: $1,137.51 Highest end of rent affordability for the middle class: $3,412.55 Tim Pruss / Getty Images Maryland Median household income: $98,461 Lowest end of middle-class income: $65,640 Highest end of middle-class income: $196,922 Lowest end of rent affordability for the middle class: $1,641.00 Highest end of rent affordability for the middle class: $4,923.05 DenisTangneyJr / Getty Images/iStockphoto Massachusetts Median household income: $96,505 Lowest end of middle-class income: $64,336 Highest end of middle-class income: $193,010 Lowest end of rent affordability for the middle class: $1,608.40 Highest end of rent affordability for the middle class: $4,825.25 Learn More: This is the hidden content, please Sign In or Sign Up pawel.gaul / Getty Images Michigan Median household income: $68,505 Lowest end of middle-class income: $45,670 Highest end of middle-class income: $137,010 Lowest end of rent affordability for the middle class: $1,141.74 Highest end of rent affordability for the middle class: $3,425.25 Jacob Boomsma / Getty Images/iStockphoto Minnesota Median household income: $84,313 Lowest end of middle-class income: $56,208 Highest end of middle-class income: $168,626 Lowest end of rent affordability for the middle class: $1,405.20 Highest end of rent affordability for the middle class: $4,215.65 SeanPavonePhoto / Getty Images/iStockphoto Mississippi Median household income: $52,985 Lowest end of middle-class income: $35,323 Highest end of middle-class income: $105,970 Lowest end of rent affordability for the middle class: $883.07 Highest end of rent affordability for the middle class: $2,649.25 Art Wager / iStock.com Missouri Median household income: $65,920 Lowest end of middle-class income: $43,946 Highest end of middle-class income: $131,840 Lowest end of rent affordability for the middle class: $1,098.66 Highest end of rent affordability for the middle class: $3,296.00 Be Aware: This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up leezsnow / Getty Images/iStockphoto Montana Median household income: $66,341 Lowest end of middle-class income: $44,227 Highest end of middle-class income: $132,682 Lowest end of rent affordability for the middle class: $1,105.67 Highest end of rent affordability for the middle class: $3,317.05 Jacob Boomsma / Getty Images/iStockphoto Nebraska Median household income: $71,722 Lowest end of middle-class income: $47,814 Highest end of middle-class income: $143,444 Lowest end of rent affordability for the middle class: $1,195.35 Highest end of rent affordability for the middle class: $3,586.10 lucky-photographer / Getty Images Nevada Median household income: $71,646 Lowest end of middle-class income: $47,764 Highest end of middle-class income: $143,292 Lowest end of rent affordability for the middle class: $1,194.09 Highest end of rent affordability for the middle class: $3,582.30 DenisTangneyJr / iStock.com New Hampshire Median household income: $90,845 Lowest end of middle-class income: $60,563 Highest end of middle-class income: $181,690 Lowest end of rent affordability for the middle class: $1,514.07 Highest end of rent affordability for the middle class: $4,542.25 Discover More: This is the hidden content, please Sign In or Sign Up DenisTangneyJr / Getty Images/iStockphoto New Jersey Median household income: $97,126 Lowest end of middle-class income: $64,750 Highest end of middle-class income: $194,252 Lowest end of rent affordability for the middle class: $1,618.75 Highest end of rent affordability for the middle class: $4,856.30 Sean Pavone / Getty Images/iStockphoto New Mexico Median household income: $58,722 Lowest end of middle-class income: $39,148 Highest end of middle-class income: $117,444 Lowest end of rent affordability for the middle class: $978.69 Highest end of rent affordability for the middle class: $2,936.10 benedek / Getty Images/iStockphoto New York Median household income: $81,386 Lowest end of middle-class income: $54,257 Highest end of middle-class income: $162,772 Lowest end of rent affordability for the middle class: $1,356.42 Highest end of rent affordability for the middle class: $4,069.30 Kruck20 / Getty Images/iStockphoto North Carolina Median household income: $66,186 Lowest end of middle-class income: $44,124 Highest end of middle-class income: $132,372 Lowest end of rent affordability for the middle class: $1,103.09 Highest end of rent affordability for the middle class: $3,309.30 Read More: This is the hidden content, please Sign In or Sign Up DenisTangneyJr / Getty Images North Dakota Median household income: $73,959 Lowest end of middle-class income: $49,306 Highest end of middle-class income: $147,918 Lowest end of rent affordability for the middle class: $1,232.64 Highest end of rent affordability for the middle class: $3,697.95 Sean Pavone / Getty Images/iStockphoto Ohio Median household income: $66,990 Lowest end of middle-class income: $44,660 Highest end of middle-class income: $133,980 Lowest end of rent affordability for the middle class: $1,116.49 Highest end of rent affordability for the middle class: $3,349.50 JTSorrell / Getty Images Oklahoma Median household income: $61,364 Lowest end of middle-class income: $40,909 Highest end of middle-class income: $122,728 Lowest end of rent affordability for the middle class: $1,022.72 Highest end of rent affordability for the middle class: $3,068.20 Rex_Wholster / Getty Images/iStockphoto Oregon Median household income: $76,632 Lowest end of middle-class income: $$51,087 Highest end of middle-class income: $153,264 Lowest end of rent affordability for the middle class: $1,277.19 Highest end of rent affordability for the middle class: $3,831.60 Trending Now: This is the hidden content, please Sign In or Sign Up Sean Pavone / Getty Images/iStockphoto Pennsylvania Median household income: $73,170 Lowest end of middle-class income: $48,780 Highest end of middle-class income: $146,340 Lowest end of rent affordability for the middle class: $1,219.49 Highest end of rent affordability for the middle class: $3,658.50 Alex Potemkin / Getty Images/iStockphoto Rhode Island Median household income: $$81,370 Lowest end of middle-class income: $54,246 Highest end of middle-class income: $162,740 Lowest end of rent affordability for the middle class: $1,356.15 Highest end of rent affordability for the middle class: $4,068.50 Craig McCausland / iStock.com South Carolina Median household income: $63,623 Lowest end of middle-class income: $42,415 Highest end of middle-class income: $127,246 Lowest end of rent affordability for the middle class: $1,060.37 Highest end of rent affordability for the middle class: $3,181.15 DenisTangneyJr / Getty Images/iStockphoto South Dakota Median household income: $69,457 Lowest end of middle-class income: $46,304 Highest end of middle-class income: $138,914 Lowest end of rent affordability for the middle class: $1,157.61 Highest end of rent affordability for the middle class: $3,472.85 Try This: This is the hidden content, please Sign In or Sign Up Sean Pavone / iStock.com Tennessee Median household income: $64,035 Lowest end of middle-class income: $42,690 Highest end of middle-class income: $128,070 Lowest end of rent affordability for the middle class: $1,067.24 Highest end of rent affordability for the middle class: $3,201.75 benedek / Getty Images Texas Median household income: $73,035 Lowest end of middle-class income: $48,690 Highest end of middle-class income: $146,070 Lowest end of rent affordability for the middle class: $1,217.24 Highest end of rent affordability for the middle class: $3,651.75 fotoVoyager / Getty Images/iStockphoto Utah Median household income: $86,833 Lowest end of middle-class income: $57,888 Highest end of middle-class income: $173,666 Lowest end of rent affordability for the middle class: $1,447.20 Highest end of rent affordability for the middle class: $4,341.65 Jamesbowyer / Getty Images Vermont Median household income: $74,014 Lowest end of middle-class income: $49,342 Highest end of middle-class income: $148,028 Lowest end of rent affordability for the middle class: $1,233.55 Highest end of rent affordability for the middle class: $3,700.70 Read Next: This is the hidden content, please Sign In or Sign Up ferrantraite / Getty Images Virginia Median household income: $87,249 Lowest end of middle-class income: $58,165 Highest end of middle-class income: $174,498 Lowest end of rent affordability for the middle class: $1,454.14 Highest end of rent affordability for the middle class: $4,362.45 4nadia / Getty Images/iStockphoto Washington Median household income: $90,325 Lowest end of middle-class income: $60,216 Highest end of middle-class income: $180,650 Lowest end of rent affordability for the middle class: $1,505.40 Highest end of rent affordability for the middle class: $4,516.25 Sean Pavone / Getty Images/iStockphoto West Virginia Median household income: $55,217 Lowest end of middle-class income: $36,811 Highest end of middle-class income: $110,434 Lowest end of rent affordability for the middle class: $920.27 Highest end of rent affordability for the middle class: $2,760.85 Ultima_Gaina / Getty Images Wisconsin Median household income: $72,458 Lowest end of middle-class income: $48,305 Highest end of middle-class income: $144,916 Lowest end of rent affordability for the middle class: $1,207.62 Highest end of rent affordability for the middle class: $3,622.90 Learn More: This is the hidden content, please Sign In or Sign Up aimintang / Getty Images Wyoming Median household income: $72,495 Lowest end of middle-class income: $48,330 Highest end of middle-class income: $144,990 Lowest end of rent affordability for the middle class: $1,208.24 Highest end of rent affordability for the middle class: $3,624.75 Methodology: For this study, GOBankingRates used the U.S. Census Bureau’s 2022 ********* Community Survey to find every state’s median household income. From there, GOBankingRates was able to determine each state’s middle-class income range by following the definition ***** out by the Pew Research Center: “… those with an annual household income that was two-thirds to double the median income” With the middle-class income calculated, GOBankingRates was then able to find the range of affordable rent for the middle-class in each state, following the guideline that no more than 30% of ****** income (pre-tax) should be spent on housing. All data is up to date as of June 17, 2024. More From GOBankingRates This article originally appeared on This is the hidden content, please Sign In or Sign Up : This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up #Rent #Middle #Class #Afford #States This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/59660-how-much-rent-the-middle-class-can-afford-in-all-50-states/ Share on other sites More sharing options...
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