How much rent can you afford in Follansbee, WV?
Run your salary against Follansbee's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Follansbee
At a median rent of $750/mo, Follansbee is very affordable when measured against Follansbee median household income of $58,371/yr. Rent would consume roughly 15% of pre-tax income, and a salary of about $30,000 keeps rent at the recommended 30% threshold.
How Follansbee compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Follansbee?
On a $58,371 salary (the Follansbee median household income), the recommended ceiling is 30% of pre-tax income, or about $1,459/mo. Follansbee's median rent is $750/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Follansbee?
To keep Follansbee's $750/mo median rent under 30% of income, you'd need about $30,000/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Follansbee affordable on the median West Virginia income?
Follansbee is very affordable on a $58,371 income. Rent would take 15% 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".