The Salary You Need to Live Alone in Every Major U.S. City

The Salary You Need to Live Alone in Every Major U.S. City

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Kate Streit
Aug 14, 2018
(Image credit: Andy Dean/Shutterstock)

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.

New York, New York (Manhattan):

Average studio rent: $2,929; Salary needed: $117,160
Average one-bedroom rent: $3,756; Salary needed: $150,240

Los Angeles, California:

Average studio rent: $1,670; Salary needed: $66,800
Average one-bedroom rent: $2,187; Salary needed: $87,480

Chicago, Illinois

Average studio rent: $1,299; Salary needed: $51,960
Average one-bedroom rent: $1,860; Salary needed: $74,400

Houston, Texas

Average studio rent: $802; Salary needed: $32,080
Average one-bedroom rent: $972; Salary needed: $38,880

Philadelphia, Pennsylvania

Average studio rent: $1,167: Salary needed: $46,680
Average one-bedroom rent: $1,404; Salary needed: $56,160

Phoenix, Arizona

Average studio rent: $731; Salary needed: $29,240
Average one-bedroom rent: $916; Salary needed: $36,640

San Antonio, Texas

Average studio rent: $709; Salary needed: $28,360
Average one-bedroom rent $859: Salary needed: $34,360

San Diego, California

Average studio rent: $1,565; Salary needed: $62,600
Average one-bedroom rent: $1,890; Salary needed: $75,600

Dallas, Texas

Average studio rent: $932; Salary needed: $37,280
Average one-bedroom rent: $1,062; Salary needed: $42,480

San Jose, California

Average studio rent: $2,064; Salary needed: $82,560
Average one-bedroom rent: $2,479; Salary needed: $99,160

Austin, Texas

Average studio rent: $1,078; Salary needed: $43,120
Average one-bedroom rent: $1,173; Salary needed: $46,920

Jacksonville, Florida

Average studio rent: $663; Salary needed: $26,520
Average one-bedroom rent: $883; Salary needed: $35,320

San Francisco, California

Average studio rent: $2,540; Salary needed: $101,600
Average one-bedroom rent: $3,393; Salary needed: $135,720

Indianapolis, Indiana

Average studio rent: $643; Salary needed: $25,720
Average one-bedroom rent: $757; Salary needed: $30,280

Columbus, Ohio

Average studio rent: $652; Salary needed: $26,080
Average one-bedroom rent: $824; Salary needed: $32,960

Fort Worth, Texas

Average studio rent: $835; Salary needed: $33,400
Average one-bedroom rent: $916; Salary needed: $36,640

Charlotte, North Carolina

Average studio rent: $1,101; Salary needed: $44,040
Average one-bedroom rent: $1,075; Salary needed: $43,000

Seattle, Washington

Average studio rent: $1,490; Salary needed: $59,600
Average one-bedroom rent: $2,036; Salary needed: $81,440

Denver, Colorado

Average studio rent: $1,306; Salary needed: $52,240
Average one-bedroom rent: $1,445; Salary needed: $57,800

El Paso, Texas

Average studio rent: $506; Salary needed: $20,240
Average one-bedroom rent: $682; Salary needed: $27,280

The average rent for a studio and one-bedroom in each city was taken from data compiled by RentCafé, which itself used data from Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial, and self-storage sectors.

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