Affordable

What Salary Do You Need to Live in Wake Village?

To afford a 2-bedroom in Wake Village, you need to earn at least $44,160/year based on estimated fair market rent data. The median household income here is $65,595, which means the typical resident is $21,435 above the threshold.

Census ACS Data Pop. 5,909

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$773	$2,577	$30,920	$-34,675
1 Bedroom	$916	$3,053	$36,640	$-28,955
2 Bedroom BENCHMARK	$1,104	$3,680	$44,160	$-21,435
3 Bedroom	$1,347	$4,490	$53,880	$-11,715
4 Bedroom	$1,656	$5,520	$66,240	+$645

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$65,595

Annual household

2BR Required Salary

$44,160

Under 30% rule

Income Gap

+$21,435

Surplus

Verdict

Affordable

Ratio: 20.2%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Wake Village

Your Annual Salary

Pre-filled with Wake Village's median household income

Max monthly rent you can afford$1,640

Studio

$773/mo

1 BR

$916/mo

2 BR

$1,104/mo

3 BR

$1,347/mo

4 BR

$1,656/mo

Your salary is $0 above the median income in Wake Village.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Wake Village

Wake Village, Texas stands out as one of the more financially accessible housing markets in the state. The median household income of $65,595 significantly exceeds the $44,160 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $21,435 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Wake Village, a studio at $773/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,347/month remains accessible for dual-income households earning above $53,880.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $66,240 would position you well — though many residents in Wake Village 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 Wake Village, Texas.

With a total population of 5,909, the city supports an active civilian workforce of 2,758 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $44,160 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

2,758

Active civilian employees in Wake Village

Frequently Asked Questions About Renting in Wake Village

What salary do I need to live in Wake Village, Texas?

To afford a 2-bedroom in Wake Village under the 30% rule, you need an annual salary of at least $44,160. The median household income in Wake Village is $65,595.

Can I afford a 2-bedroom in Wake Village on $65,595?

The affordability verdict for Wake Village is "Affordable". The rent-to-income ratio is 20.2%, meaning median earners have a $21,435 surplus.

What is the average rent in Wake Village compared to median income?

The median gross rent in Wake Village is $916/month. With a median household income of $65,595, residents spend approximately 20.2% of their income on rent.

What salary do I need for a studio in Wake Village?

A studio in Wake Village rents for approximately $773/month. Under the 30% rule, you need an annual salary of $30,920 to afford this.

Is Wake Village considered an affordable place to live?

Based on the surplus of $21,435 and an affordability verdict of "Affordable", Wake Village is considered a affordable rental market when comparing the required 2-bedroom salary of $44,160 to the local median household income.

How Wake Village Compares

Other cities in Texas with salary requirements