Affordable

What Salary Do You Need to Live in New Summerfield?

To afford a 2-bedroom in New Summerfield, you need to earn at least $37,360/year based on estimated fair market rent data. The median household income here is $63,897, which means the typical resident is $26,537 above the threshold.

Census ACS Data Pop. 668

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$654	$2,180	$26,160	$-37,737
1 Bedroom	$775	$2,583	$31,000	$-32,897
2 Bedroom BENCHMARK	$934	$3,113	$37,360	$-26,537
3 Bedroom	$1,139	$3,797	$45,560	$-18,337
4 Bedroom	$1,401	$4,670	$56,040	$-7,857

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$63,897

Annual household

2BR Required Salary

$37,360

Under 30% rule

Income Gap

+$26,537

Surplus

Verdict

Affordable

Ratio: 17.5%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in New Summerfield

Your Annual Salary

Pre-filled with New Summerfield's median household income

Max monthly rent you can afford$1,597

Studio

$654/mo

1 BR

$775/mo

2 BR

$934/mo

3 BR

$1,139/mo

4 BR

$1,401/mo

Your salary is $0 above the median income in New Summerfield.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to New Summerfield

New Summerfield, Texas stands out as one of the more financially accessible housing markets in the state. The median household income of $63,897 significantly exceeds the $37,360 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $26,537 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating New Summerfield, a studio at $654/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,139/month remains accessible for dual-income households earning above $45,560.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $56,040 would position you well — though many residents in New Summerfield 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 New Summerfield, Texas.

With a total population of 668, the city supports an active civilian workforce of 350 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $37,360 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

350

Active civilian employees in New Summerfield

Frequently Asked Questions About Renting in New Summerfield

What salary do I need to live in New Summerfield, Texas?

To afford a 2-bedroom in New Summerfield under the 30% rule, you need an annual salary of at least $37,360. The median household income in New Summerfield is $63,897.

Can I afford a 2-bedroom in New Summerfield on $63,897?

The affordability verdict for New Summerfield is "Affordable". The rent-to-income ratio is 17.5%, meaning median earners have a $26,537 surplus.

What is the average rent in New Summerfield compared to median income?

The median gross rent in New Summerfield is $775/month. With a median household income of $63,897, residents spend approximately 17.5% of their income on rent.

What salary do I need for a studio in New Summerfield?

A studio in New Summerfield rents for approximately $654/month. Under the 30% rule, you need an annual salary of $26,160 to afford this.

Is New Summerfield considered an affordable place to live?

Based on the surplus of $26,537 and an affordability verdict of "Affordable", New Summerfield is considered a affordable rental market when comparing the required 2-bedroom salary of $37,360 to the local median household income.

How New Summerfield Compares

Other cities in Texas with salary requirements