Affordable

What Salary Do You Need to Live in Mineral Wells?

To afford a 2-bedroom in Mineral Wells, you need to earn at least $46,320/year based on estimated fair market rent data. The median household income here is $58,529, which means the typical resident is $12,209 above the threshold.

Census ACS Data Pop. 15,049

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$811	$2,703	$32,440	$-26,089
1 Bedroom	$961	$3,203	$38,440	$-20,089
2 Bedroom BENCHMARK	$1,158	$3,860	$46,320	$-12,209
3 Bedroom	$1,413	$4,710	$56,520	$-2,009
4 Bedroom	$1,737	$5,790	$69,480	+$10,951

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$58,529

Annual household

2BR Required Salary

$46,320

Under 30% rule

Income Gap

+$12,209

Surplus

Verdict

Affordable

Ratio: 23.7%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Mineral Wells

Your Annual Salary

Pre-filled with Mineral Wells's median household income

Max monthly rent you can afford$1,463

Studio

$811/mo

1 BR

$961/mo

2 BR

$1,158/mo

3 BR

$1,413/mo

4 BR

$1,737/mo

Your salary is $0 above the median income in Mineral Wells.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Mineral Wells

Living in Mineral Wells is well within reach for most median-income earners. With a $12,209 cushion between what residents earn and what a 2-bedroom requires, households in Mineral Wells typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Mineral Wells, a studio at $811/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,413/month remains accessible for dual-income households earning above $56,520.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $69,480 would position you well — though many residents in Mineral Wells 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 Mineral Wells, Texas.

With a total population of 15,049, the city supports an active civilian workforce of 6,401 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $46,320 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

6,401

Active civilian employees in Mineral Wells

Frequently Asked Questions About Renting in Mineral Wells

What salary do I need to live in Mineral Wells, Texas?

To afford a 2-bedroom in Mineral Wells under the 30% rule, you need an annual salary of at least $46,320. The median household income in Mineral Wells is $58,529.

Can I afford a 2-bedroom in Mineral Wells on $58,529?

The affordability verdict for Mineral Wells is "Affordable". The rent-to-income ratio is 23.7%, meaning median earners have a $12,209 surplus.

What is the average rent in Mineral Wells compared to median income?

The median gross rent in Mineral Wells is $961/month. With a median household income of $58,529, residents spend approximately 23.7% of their income on rent.

What salary do I need for a studio in Mineral Wells?

A studio in Mineral Wells rents for approximately $811/month. Under the 30% rule, you need an annual salary of $32,440 to afford this.

Is Mineral Wells considered an affordable place to live?

Based on the surplus of $12,209 and an affordability verdict of "Affordable", Mineral Wells is considered a affordable rental market when comparing the required 2-bedroom salary of $46,320 to the local median household income.

How Mineral Wells Compares

Other cities in Texas with salary requirements