Affordable

What Salary Do You Need to Live in Homestead Meadows South?

To afford a 2-bedroom in Homestead Meadows South, you need to earn at least $36,080/year based on estimated fair market rent data. The median household income here is $58,940, which means the typical resident is $22,860 above the threshold.

Census ACS Data Pop. 7,861

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$631	$2,103	$25,240	$-33,700
1 Bedroom	$749	$2,497	$29,960	$-28,980
2 Bedroom BENCHMARK	$902	$3,007	$36,080	$-22,860
3 Bedroom	$1,100	$3,667	$44,000	$-14,940
4 Bedroom	$1,353	$4,510	$54,120	$-4,820

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$58,940

Annual household

2BR Required Salary

$36,080

Under 30% rule

Income Gap

+$22,860

Surplus

Verdict

Affordable

Ratio: 18.4%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Homestead Meadows South

Your Annual Salary

Pre-filled with Homestead Meadows South's median household income

Max monthly rent you can afford$1,474

Studio

$631/mo

1 BR

$749/mo

2 BR

$902/mo

3 BR

$1,100/mo

4 BR

$1,353/mo

Your salary is $0 above the median income in Homestead Meadows South.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Homestead Meadows South

Homestead Meadows South, Texas stands out as one of the more financially accessible housing markets in the state. The median household income of $58,940 significantly exceeds the $36,080 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $22,860 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Homestead Meadows South, a studio at $631/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,100/month remains accessible for dual-income households earning above $44,000.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $54,120 would position you well — though many residents in Homestead Meadows South 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 Homestead Meadows South, Texas.

With a total population of 7,861, the city supports an active civilian workforce of 3,139 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $36,080 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

3,139

Active civilian employees in Homestead Meadows South

Frequently Asked Questions About Renting in Homestead Meadows South

What salary do I need to live in Homestead Meadows South, Texas?

To afford a 2-bedroom in Homestead Meadows South under the 30% rule, you need an annual salary of at least $36,080. The median household income in Homestead Meadows South is $58,940.

Can I afford a 2-bedroom in Homestead Meadows South on $58,940?

The affordability verdict for Homestead Meadows South is "Affordable". The rent-to-income ratio is 18.4%, meaning median earners have a $22,860 surplus.

What is the average rent in Homestead Meadows South compared to median income?

The median gross rent in Homestead Meadows South is $749/month. With a median household income of $58,940, residents spend approximately 18.4% of their income on rent.

What salary do I need for a studio in Homestead Meadows South?

A studio in Homestead Meadows South rents for approximately $631/month. Under the 30% rule, you need an annual salary of $25,240 to afford this.

Is Homestead Meadows South considered an affordable place to live?

Based on the surplus of $22,860 and an affordability verdict of "Affordable", Homestead Meadows South is considered a affordable rental market when comparing the required 2-bedroom salary of $36,080 to the local median household income.

How Homestead Meadows South Compares

Other cities in Texas with salary requirements