Stretched

What Salary Do You Need to Live in Skidmore?

To afford a 2-bedroom in Skidmore, you need to earn at least $46,360/year based on estimated fair market rent data. The median household income here is $41,094, which means the typical resident is $5,266 below the threshold.

Census ACS Data Pop. 1,168

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$811	$2,703	$32,440	$-8,654
1 Bedroom	$962	$3,207	$38,480	$-2,614
2 Bedroom BENCHMARK	$1,159	$3,863	$46,360	+$5,266
3 Bedroom	$1,414	$4,713	$56,560	+$15,466
4 Bedroom	$1,739	$5,797	$69,560	+$28,466

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$41,094

Annual household

2BR Required Salary

$46,360

Under 30% rule

Income Gap

-$5,266

Deficit

Verdict

Stretched

Ratio: 33.8%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Skidmore's median household income

Max monthly rent you can afford$1,027

Studio

$811/mo

1 BR

$962/mo

2 BR

$1,159/mo

3 BR

$1,414/mo

4 BR

$1,739/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Skidmore

Skidmore's rental market puts real pressure on median earners. A 2-bedroom at $1,159/month requires $46,360/year — about $5,266 more than the median household income. Roommates or dual incomes significantly change the equation.

If you're relocating to Skidmore, target the studio or 1-bedroom tier ($811–$962/month) unless your income exceeds $46,360. A roommate splitting a 2-bedroom effectively halves the individual rent burden to $580/month.

The break-even salary for comfortable living in Skidmore is approximately $69,540. Below this threshold, expect housing to consume a disproportionate share of your budget, limiting discretionary spending and savings capacity.

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 Skidmore, Texas.

With a total population of 1,168, the city supports an active civilian workforce of 564 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $46,360 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

564

Active civilian employees in Skidmore

Frequently Asked Questions About Renting in Skidmore

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

To afford a 2-bedroom in Skidmore under the 30% rule, you need an annual salary of at least $46,360. The median household income in Skidmore is $41,094.

Can I afford a 2-bedroom in Skidmore on $41,094?

The affordability verdict for Skidmore is "Stretched". The rent-to-income ratio is 33.8%, meaning there's a $5,266 income gap.

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

The median gross rent in Skidmore is $962/month. With a median household income of $41,094, residents spend approximately 33.8% of their income on rent.

What salary do I need for a studio in Skidmore?

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

Is Skidmore considered an affordable place to live?

Based on the deficit of $5,266 and an affordability verdict of "Stretched", Skidmore is considered a stretched rental market when comparing the required 2-bedroom salary of $46,360 to the local median household income.

How Skidmore Compares

Other cities in Texas with salary requirements