How much rent can you afford in Mcminnville, OR?
Run your salary against Mcminnville's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Mcminnville
At a median rent of $1,776/mo, Mcminnville is affordable when measured against Mcminnville median household income of $73,736/yr. Rent would consume roughly 29% of pre-tax income, and a salary of about $71,040 keeps rent at the recommended 30% threshold.
How Mcminnville compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Mcminnville?
On a $73,736 salary (the Mcminnville median household income), the recommended ceiling is 30% of pre-tax income, or about $1,843/mo. Mcminnville's median rent is $1,776/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Mcminnville?
To keep Mcminnville's $1,776/mo median rent under 30% of income, you'd need about $71,040/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Mcminnville affordable on the median Oregon income?
Mcminnville is affordable on a $73,736 income. Rent would take 29% 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".