How much rent can you afford in Beaver Dam, WI?
Run your salary against Beaver Dam's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Beaver Dam
At a median rent of $1,252/mo, Beaver Dam is very affordable when measured against Beaver Dam median household income of $66,673/yr. Rent would consume roughly 23% of pre-tax income, and a salary of about $50,080 keeps rent at the recommended 30% threshold.
How Beaver Dam compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Beaver Dam?
On a $66,673 salary (the Beaver Dam median household income), the recommended ceiling is 30% of pre-tax income, or about $1,667/mo. Beaver Dam's median rent is $1,252/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Beaver Dam?
To keep Beaver Dam's $1,252/mo median rent under 30% of income, you'd need about $50,080/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Beaver Dam affordable on the median Wisconsin income?
Beaver Dam is very affordable on a $66,673 income. Rent would take 23% 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".