Affordable

What Salary Do You Need to Live in Buchanan Dam?

To afford a 2-bedroom in Buchanan Dam, you need to earn at least $47,040/year based on estimated fair market rent data. The median household income here is $66,250, which means the typical resident is $19,210 above the threshold.

Census ACS Data Pop. 1,274

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$823	$2,743	$32,920	$-33,330
1 Bedroom	$976	$3,253	$39,040	$-27,210
2 Bedroom BENCHMARK	$1,176	$3,920	$47,040	$-19,210
3 Bedroom	$1,435	$4,783	$57,400	$-8,850
4 Bedroom	$1,764	$5,880	$70,560	+$4,310

Affordability Breakdown

Where the required salary line crosses above Buchanan Dam's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$66,250

Annual household

2BR Required Salary

$47,040

Under 30% rule

Income Gap

+$19,210

Surplus

Verdict

Affordable

Ratio: 21.3%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Buchanan Dam

Your Annual Salary

Pre-filled with Buchanan Dam's median household income

Max monthly rent you can afford$1,656

Studio

$823/mo

1 BR

$976/mo

2 BR

$1,176/mo

3 BR

$1,435/mo

4 BR

$1,764/mo

Your salary is $0 above the median income in Buchanan Dam.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Buchanan Dam's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Buchanan Dam

Living in Buchanan Dam is well within reach for most median-income earners. With a $19,210 cushion between what residents earn and what a 2-bedroom requires, households in Buchanan Dam typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Buchanan Dam, a studio at $823/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,435/month remains accessible for dual-income households earning above $57,400.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $70,560 would position you well — though many residents in Buchanan Dam manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Buchanan Dam, Texas.

With a total population of 1,274, the city supports an active civilian workforce of 491 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $47,040 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

491

Active civilian employees in Buchanan Dam

Frequently Asked Questions About Renting in Buchanan Dam

What salary do I need to live in Buchanan Dam, Texas?

To afford a 2-bedroom in Buchanan Dam under the 30% rule, you need an annual salary of at least $47,040. The median household income in Buchanan Dam is $66,250.

Can I afford a 2-bedroom in Buchanan Dam on $66,250?

The affordability verdict for Buchanan Dam is "Affordable". The rent-to-income ratio is 21.3%, meaning median earners have a $19,210 surplus.

What is the average rent in Buchanan Dam compared to median income?

The median gross rent in Buchanan Dam is $976/month. With a median household income of $66,250, residents spend approximately 21.3% of their income on rent.

What salary do I need for a studio in Buchanan Dam?

A studio in Buchanan Dam rents for approximately $823/month. Under the 30% rule, you need an annual salary of $32,920 to afford this.

Is Buchanan Dam considered an affordable place to live?

Based on the surplus of $19,210 and an affordability verdict of "Affordable", Buchanan Dam is considered a affordable rental market when comparing the required 2-bedroom salary of $47,040 to the local median household income.

How Buchanan Dam Compares

Other cities in Texas with salary requirements