Unaffordable

What Salary Do You Need to Live in Oak Ridge town (Cooke County)?

To afford a 2-bedroom in Oak Ridge town (Cooke County), you need to earn at least $65,960/year based on estimated fair market rent data. The median household income here is $48,478, which means the typical resident is $17,482 below the threshold.

Census ACS Data Pop. 309

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,154	$3,847	$46,160	$-2,318
1 Bedroom	$1,369	$4,563	$54,760	+$6,282
2 Bedroom BENCHMARK	$1,649	$5,497	$65,960	+$17,482
3 Bedroom	$2,012	$6,707	$80,480	+$32,002
4 Bedroom	$2,474	$8,247	$98,960	+$50,482

Affordability Breakdown

Where the required salary line crosses above Oak Ridge town (Cooke County)'s median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$48,478

Annual household

2BR Required Salary

$65,960

Under 30% rule

Income Gap

-$17,482

Deficit

Verdict

Unaffordable

Ratio: 40.8%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Oak Ridge town (Cooke County)

Your Annual Salary

Pre-filled with Oak Ridge town (Cooke County)'s median household income

Max monthly rent you can afford$1,212

Studio

$1,154/mo

1 BR

$1,369/mo

2 BR

$1,649/mo

3 BR

$2,012/mo

4 BR

$2,474/mo

Your salary is $0 above the median income in Oak Ridge town (Cooke County).

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Oak Ridge town (Cooke County)'s median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Oak Ridge town (Cooke County)

Renting in Oak Ridge town (Cooke County) is unaffordable for most median earners. The $17,482 income gap means a 2-bedroom at $1,649/month requires significant above-median earnings or a dual-income household to be sustainable.

For those committed to Oak Ridge town (Cooke County), the realistic options are: (1) target a studio at $1,154/month, which requires $46,160/year — closer to the median; (2) find a roommate for a 2-bedroom, cutting individual costs to ~$825/month; or (3) negotiate remote work and live in a more affordable Texas city.

To live comfortably in Oak Ridge town (Cooke County) without financial strain, you realistically need a household income of $98,940 or higher. This isn't just about rent — it accounts for Texas's overall cost of living including transportation, food, and healthcare.

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 Oak Ridge town (Cooke County), Texas.

With a total population of 309, the city supports an active civilian workforce of 138 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $65,960 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

138

Active civilian employees in Oak Ridge town (Cooke County)

Frequently Asked Questions About Renting in Oak Ridge town (Cooke County)

What salary do I need to live in Oak Ridge town (Cooke County), Texas?

To afford a 2-bedroom in Oak Ridge town (Cooke County) under the 30% rule, you need an annual salary of at least $65,960. The median household income in Oak Ridge town (Cooke County) is $48,478.

Can I afford a 2-bedroom in Oak Ridge town (Cooke County) on $48,478?

The affordability verdict for Oak Ridge town (Cooke County) is "Unaffordable". The rent-to-income ratio is 40.8%, meaning there's a $17,482 income gap.

What is the average rent in Oak Ridge town (Cooke County) compared to median income?

The median gross rent in Oak Ridge town (Cooke County) is $1,369/month. With a median household income of $48,478, residents spend approximately 40.8% of their income on rent.

What salary do I need for a studio in Oak Ridge town (Cooke County)?

A studio in Oak Ridge town (Cooke County) rents for approximately $1,154/month. Under the 30% rule, you need an annual salary of $46,160 to afford this.

Is Oak Ridge town (Cooke County) considered an affordable place to live?

Based on the deficit of $17,482 and an affordability verdict of "Unaffordable", Oak Ridge town (Cooke County) is considered a unaffordable rental market when comparing the required 2-bedroom salary of $65,960 to the local median household income.

How Oak Ridge town (Cooke County) Compares

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