How Much Do You Need to Afford Rent in Walker County, AL?
Income needed for the average 2BR rent under the 30% rule
Rent is affordable on the local median income in Walker County, AL
The average 2-bedroom rent ($772/mo) takes 17% of the local median household income ($54,509/yr). That is within the recommended 30% threshold.
| To afford $772/mo rent (30% rule) | You need |
|---|---|
| Annual salary | $30,880 |
| Monthly income | $2,573 |
| Hourly wage (full-time) | $14.85/hr |
| Local median household income | $54,509 |
| Rent as % of that income | 17% |
The 30% rule says housing should cost no more than 30% of gross income. The "housing wage" is the full-time hourly pay (2080 hrs/yr) needed to hit that. Rent is the HUD Fair Market Rent for a 2-bedroom; income is the Census median for the area.