Cost of Living in Clay County, Texas

$825/mo
Median Monthly Rent
$161,300
Median Home Value
14% below state averageUnaffordable

At a Glance

Median Monthly Rent
$825/mo
14% below state average
Median Home Value
$161,300
43% below national
Rent-to-Income Ratio
23.0%
% 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 Clay County Compares

Median monthly rent comparison

Clay County$825/mo
Texas Average$963/mo
National Median$1,163/mo

Detailed Housing Stats

$825/mo
Median Gross Rent
$161,300
Median Home Value
$872/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Clay County, Texas

Clay County offers exceptional housing relief

Clay County's rent-to-income ratio of 12.8% ranks among the lowest in our analysis, sitting 2.2 percentage points below the national average and 5.3 points below Texas's 18.1% state benchmark. Residents here enjoy some of the nation's healthiest housing cost burdens despite managing median rents of $825 monthly.

A Texas affordability leader

Clay County ranks among Texas's most affordable counties with a 12.8% rent-to-income ratio—a full 5.3 percentage points below state average. This exceptional positioning makes the county one of the best places in Texas for housing affordability across all income levels.

Comparison: Clay County's advantage

Clay County's $825 median rent runs $138 below the state average, while its $77,355 median household income outpaces most rural Panhandle neighbors like Childress ($60,333) and Cochran ($42,137). This combination of strong local incomes and moderate rents creates exceptional affordability.

Robust finances, lean housing costs

Renters in Clay County dedicate just $825 monthly from a $77,355 household income, investing only 12.8% in rent—among the lowest ratios in the region. Homeowners pay $872 toward a median home value of $161,300, creating manageable total housing burdens across both renter and owner households.

Clay County: Texas affordability gem

For families prioritizing housing affordability without sacrificing reasonable local wages, Clay County delivers exceptional value in the Texas Panhandle region. The county's 12.8% housing burden and strong household incomes leave substantial room for savings and life quality beyond housing.

Affordability Calculator

See how your income compares to housing costs in Clay County

$

Rent Burden

12.8%

of gross income

Max Housing (28% Rule)

$1,805

per month

Owner Cost Burden

13.5%

of gross income

You can likely afford the median home in Clay County

Median home value is $161,300. Estimated monthly cost: $1,288 vs. your max of $1,805.

Rent Affordability Guide

Your rent-to-income ratio12.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Clay County, Texas?
Clay County, Texas has a median monthly rent of $825/mo and a median home value of $161,300. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Clay County?
The median gross rent in Clay County is $825/mo. This is 14% below state average for Texas.
Is Clay County affordable?
Clay County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Clay County's rent compare to the state average?
Clay County's median rent of $825/mo is 14% below state average of $963/mo for Texas.
What is the median home value in Clay County?
The median home value in Clay County, Texas is $161,300. This is 43% 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.