Most of Waterford is in Oakland County, where a full-time job needs to pay at least $38.80 an hour before taxes to take home four times the typical studio rent.
Across the 3 ZIP codes in Waterford with HUD rent figures, studio rents run from $930 to $1,180 a month. At the middle rent, $940, a full-time job would need to pay $29.22 an hour before taxes.
What the standard would be at each ZIP code's own studio rent. The calculator and the official standard use the county figure.
| ZIP | County | Studio rent | Pay needed |
|---|---|---|---|
| 48327 | Oakland County | $940/mo | $29.22/hr |
| 48328 | Oakland County | $930/mo | $28.89/hr |
| 48329 | Oakland County | $1,180/mo | $37.47/hr |
Under the Four Times Rent standard, a full-time job in Waterford needs to pay at least $38.80 an hour before taxes, about $80,696 a year. That is the figure for Oakland County, where the typical studio rent is $1,215 a month.
Yes. Across the 3 ZIP codes in Waterford with HUD rent figures, studio rents run from $930 to $1,180 a month. At the middle rent of $940, the pay needed would be $29.22 an hour.
The minimum wage in Oakland County is $13.73 an hour. The Four Times Rent standard there is 2.8 times that.
The Four Times Rent standard: a month of full-time work (160 hours) should take home at least four times the typical rent on a studio apartment in the county where the work is done. Rents: HUD FY2027 Fair Market Rents. Taxes: 2026 federal and state income taxes plus Social Security and Medicare, for a single filer. Why four times rent? · Method and data downloads