Affordable

What Salary Do You Need to Live in Floydada?

To afford a 2-bedroom in Floydada, you need to earn at least $24,760/year based on estimated fair market rent data. The median household income here is $43,938, which means the typical resident is $19,178 above the threshold.

Census ACS Data Pop. 2,670

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$433	$1,443	$17,320	$-26,618
1 Bedroom	$514	$1,713	$20,560	$-23,378
2 Bedroom BENCHMARK	$619	$2,063	$24,760	$-19,178
3 Bedroom	$755	$2,517	$30,200	$-13,738
4 Bedroom	$929	$3,097	$37,160	$-6,778

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$43,938

Annual household

2BR Required Salary

$24,760

Under 30% rule

Income Gap

+$19,178

Surplus

Verdict

Affordable

Ratio: 16.9%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Floydada

Your Annual Salary

Pre-filled with Floydada's median household income

Max monthly rent you can afford$1,098

Studio

$433/mo

1 BR

$514/mo

2 BR

$619/mo

3 BR

$755/mo

4 BR

$929/mo

Your salary is $0 above the median income in Floydada.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Floydada

Living in Floydada is well within reach for most median-income earners. With a $19,178 cushion between what residents earn and what a 2-bedroom requires, households in Floydada typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Floydada, a studio at $433/month offers an even more aggressive savings rate. Even a 3-bedroom at $755/month remains accessible for dual-income households earning above $30,200.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $37,140 would position you well — though many residents in Floydada 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 Floydada, Texas.

With a total population of 2,670, the city supports an active civilian workforce of 1,128 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $24,760 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

1,128

Active civilian employees in Floydada

Frequently Asked Questions About Renting in Floydada

What salary do I need to live in Floydada, Texas?

To afford a 2-bedroom in Floydada under the 30% rule, you need an annual salary of at least $24,760. The median household income in Floydada is $43,938.

Can I afford a 2-bedroom in Floydada on $43,938?

The affordability verdict for Floydada is "Affordable". The rent-to-income ratio is 16.9%, meaning median earners have a $19,178 surplus.

What is the average rent in Floydada compared to median income?

The median gross rent in Floydada is $514/month. With a median household income of $43,938, residents spend approximately 16.9% of their income on rent.

What salary do I need for a studio in Floydada?

A studio in Floydada rents for approximately $433/month. Under the 30% rule, you need an annual salary of $17,320 to afford this.

Is Floydada considered an affordable place to live?

Based on the surplus of $19,178 and an affordability verdict of "Affordable", Floydada is considered a affordable rental market when comparing the required 2-bedroom salary of $24,760 to the local median household income.

How Floydada Compares

Other cities in Texas with salary requirements