The Salary You Need to Live Alone in Every Major U.S. City
Living in an exciting urban environment is a priority for a lot of people, but the prospect of swinging rent in a major city without the help of a roommate can be daunting. If you’re wondering what it takes to be able to afford to live alone in one of the top 20 populated cities in the United States, check out this list, which provides the yearly salary needed to afford the average rent for both a one-bedroom and a studio apartment in each city. The salary needed is calculated based upon the guideline that your gross annual income should be 40 times your monthly rent. Also, keep in mind that in most cities, on average, studios are more expensive than one-bedrooms since they tend to be placed in higher density areas.
New York, New York:
Average studio rent: $2,800; Salary needed: $112,000
Average one-bedroom rent: $2,450; Salary needed: $98,000
Los Angeles, California:
Average studio rent: $1,970; Salary needed: $78,800
Average one-bedroom rent: $2,390; Salary needed: $95,600
Chicago, Illinois
Average studio rent: $1,450; Salary needed: $58,000
Average one-bedroom rent: $1,630; Salary needed: $65,200
Houston, Texas
Average studio rent: $1,310; Salary needed: $52,400
Average one-bedroom rent: $1,550; Salary needed: $62,000
Philadelphia, Pennsylvania
Average studio rent: $1,600: Salary needed: $64,000
Average one-bedroom rent: $1,500; Salary needed: $60,000
Phoenix, Arizona
Average studio rent: $1,500; Salary needed: $60,000
Average one-bedroom rent: $1,160; Salary needed: $46,400
San Antonio, Texas
Average studio rent: $1,090; Salary needed: $43,600
Average one-bedroom rent: $1,000; Salary needed: $40,000
San Diego, California
Average studio rent: $1,850; Salary needed: $74,000
Average one-bedroom rent: $2,050; Salary needed: $82,000
Dallas, Texas
Average studio rent: $1,250; Salary needed: $50,000
Average one-bedroom rent: $1,360; Salary needed: $54,400
San Jose, California
Average studio rent: $3,500; Salary needed: $140,000
Average one-bedroom rent: $2,680; Salary needed: $107,200
Austin, Texas
Average studio rent: $1,750; Salary needed: $70,000
Average one-bedroom rent: $1,350; Salary needed: $54,000
Jacksonville, Florida
Average studio rent: $1,300; Salary needed: $52,000
Average one-bedroom rent: $1,140; Salary needed: $45,600
San Francisco, California
Average studio rent: $4,650; Salary needed: $186,000
Average one-bedroom rent: $3,640 Salary needed: $145,600
Indianapolis, Indiana
Average studio rent: No data available
Average one-bedroom rent: $850; Salary needed: $34,000
Columbus, Ohio
Average studio rent: $850; Salary needed: $34,000
Average one-bedroom rent: $920; Salary needed: $36,800
Fort Worth, Texas
Average studio rent: $1,280; Salary needed: $51,200
Average one-bedroom rent: $1,300; Salary needed: $52,000
Charlotte, North Carolina
Average studio rent: $1,320; Salary needed: $52,800
Average one-bedroom rent: $1,320; Salary needed: $52,800
Seattle, Washington
Average studio rent: $1,550; Salary needed: $62,000
Average one-bedroom rent: $2,050; Salary needed: $82,000
Denver, Colorado
Average studio rent: $1,460; Salary needed: $58,400
Average one-bedroom rent: $1,720; Salary needed: $68,000
El Paso, Texas
Average studio rent: $1,000; Salary needed: $40,000
Average one-bedroom rent: $730; Salary needed: $29,200
The average rent for a studio and one-bedroom in each city was taken from listing price data compiled by Zillow for June 2019.
Updated August 9, 2019—LS
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