How much rent can you afford in Savage, MN?
Run your salary against Savage's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Savage
At a median rent of $1,979/mo, Savage is very affordable when measured against Savage median household income of $125,513/yr. Rent would consume roughly 19% of pre-tax income, and a salary of about $79,160 keeps rent at the recommended 30% threshold.
How Savage compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Savage?
On a $125,513 salary (the Savage median household income), the recommended ceiling is 30% of pre-tax income, or about $3,138/mo. Savage's median rent is $1,979/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Savage?
To keep Savage's $1,979/mo median rent under 30% of income, you'd need about $79,160/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Savage affordable on the median Minnesota income?
Savage is very affordable on a $125,513 income. Rent would take 19% of pre-tax pay, inside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".