How much rent can you afford in Selma, TX?
Run your salary against Selma's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Selma
At a median rent of $1,297/mo, Selma is very affordable when measured against Selma median household income of $97,066/yr. Rent would consume roughly 16% of pre-tax income, and a salary of about $51,880 keeps rent at the recommended 30% threshold.
How Selma compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Selma?
On a $97,066 salary (the Selma median household income), the recommended ceiling is 30% of pre-tax income, or about $2,427/mo. Selma's median rent is $1,297/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Selma?
To keep Selma's $1,297/mo median rent under 30% of income, you'd need about $51,880/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Selma affordable on the median Texas income?
Selma is very affordable on a $97,066 income. Rent would take 16% of pre-tax pay, inside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".