Cost of Living in Castro County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Castro County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Castro County ranks #1,361 of 3,144 counties for affordability (top 43%)
Data Story
About Cost of Living in Castro County, Texas
Castro County outperforms on housing affordability
Castro County's rent-to-income ratio of 17.2% undercuts both the national average (15% typically) and Texas's 18.1% state benchmark. This Panhandle county offers renters genuine relief from housing cost pressures compared to the broader American landscape.
Above-average affordability in the Panhandle
Castro County ranks among Texas's more affordable regions, with a 17.2% rent-to-income ratio nearly a full point below the state average. This positioning reflects strong household incomes paired with moderate rental costs across the county.
Comparison: Castro in the Panhandle context
Castro County's median rent of $910 sits just below the state average of $963, while median household income of $63,485 slightly lags Carson County ($84,583) but outpaces Cochran County ($42,137). The balanced housing-to-income ratio here compares favorably to most neighboring Panhandle counties.
Lean housing costs, strong homeownership
Renters in Castro County spend $910 monthly from a $63,485 household income, while homeowners pay just $564 toward a median home value of $94,900—among the lowest in the region. Mortgage costs here are particularly modest, making homeownership accessible for first-time buyers.
Castro County welcomes newcomers
If affordable homeownership is your priority, Castro County's $94,900 median home value and $564 monthly ownership cost rank among Texas's best opportunities. The county balances farm-community values with reasonable housing burdens that give relocated families real financial breathing room.
Cost of Living Advisory: Castro County
Affordability Verdict
For renters in Castro County, the market is affordable. Expect to pay around $910/month in gross rent, with 21.0% of renter households considered cost-burdened.
Rent vs. Own
Renters in Castro County pay $910/month on average, compared to $564/month for homeowners. This market favors buyers by about 38%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $36,400/year. For owner costs at the 28% rule, the required income is roughly $24,171/year. With a median household income of $63,485, most households can comfortably afford rent here. Notably, 21.0% of renter households in Castro County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Lampasas County where rent averages $961/month, Castro County is approximately 5% less expensive.
Affordability Calculator
See how your income compares to housing costs in Castro County
Rent Burden
17.2%
of gross income
Max Housing (28% Rule)
$1,481
per month
Owner Cost Burden
10.7%
of gross income
You can likely afford the median home in Castro County
Median home value is $94,900. Estimated monthly cost: $758 vs. your max of $1,481.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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