Cost of Living in Bailey County, Texas

$744/mo
Median Monthly Rent
$104,400
Median Home Value
23% below state averageUnaffordable

At a Glance

Median Monthly Rent
$744/mo
23% below state average
Median Home Value
$104,400
63% below national
Rent-to-Income Ratio
22.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Bailey County Compares

Median monthly rent comparison

Bailey County$744/mo
Texas Average$963/mo
National Median$1,163/mo

Detailed Housing Stats

$744/mo
Median Gross Rent
$104,400
Median Home Value
$605/mo
Monthly Owner Cost
22.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Bailey County, Texas

Bailey County beats national affordability

Renters in Bailey County spend just 12.6% of their income on housing, well below the national average of around 30% and Texas's state average of 18.1%. This county offers some of the most affordable housing in the state, making it accessible for working families.

Among Texas's most affordable counties

Bailey County ranks in the bottom tier for rent-to-income ratios across Texas, competing with only a handful of counties for best affordability. With a median rent of just $744 per month, it undercuts the state average of $963 by over 22%.

Cheaper than surrounding counties

Bailey County's median rent of $744 is significantly lower than neighboring Parmer County and other South Plains counties. Its affordability advantage extends to ownership costs, with a median home value of $104,400 versus higher-priced rural alternatives nearby.

Housing takes modest bite here

With a median household income of $70,625, residents allocate just $744 monthly for rent or $605 for ownership costs. That leaves substantial income for other necessities compared to state averages where housing consumes nearly a fifth of earnings.

Ready to relocate affordably?

Bailey County offers rural Texas living with genuine affordability—rare in today's market. If you're seeking a place where housing won't drain your paycheck, compare these numbers with your current county and consider the South Plains lifestyle.

Affordability Calculator

See how your income compares to housing costs in Bailey County

$

Rent Burden

12.6%

of gross income

Max Housing (28% Rule)

$1,648

per month

Owner Cost Burden

10.3%

of gross income

You can likely afford the median home in Bailey County

Median home value is $104,400. Estimated monthly cost: $833 vs. your max of $1,648.

Rent Affordability Guide

Your rent-to-income ratio12.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Bailey County, Texas?
Bailey County, Texas has a median monthly rent of $744/mo and a median home value of $104,400. The affordability rating is Unaffordable, with rent making up approximately 22.0% of median household income.
What is the median rent in Bailey County?
The median gross rent in Bailey County is $744/mo. This is 23% below state average for Texas.
Is Bailey County affordable?
Bailey County is rated Unaffordable based on rent-to-income ratio of 22.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Bailey County's rent compare to the state average?
Bailey County's median rent of $744/mo is 23% below state average of $963/mo for Texas.
What is the median home value in Bailey County?
The median home value in Bailey County, Texas is $104,400. This is 63% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.