Cost of Living in Cochran County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Cochran County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Cochran County ranks #2,126 of 3,144 counties for affordability (bottom 32%)
Data Story
About Cost of Living in Cochran County, Texas
Cochran County faces housing affordability crisis
Cochran County's rent-to-income ratio of 21.0% represents the highest burden in our analysis—6 percentage points above the national average and 2.9 points above Texas's state benchmark. With a median household income of just $42,137, residents here allocate a troubling share of earnings to housing despite modest rents of $738 monthly.
Among Texas's least affordable counties
Cochran County's 21.0% rent-to-income ratio ranks among the poorest affordability metrics in Texas, reflecting the collision of very low local incomes with even modest housing costs. This county faces genuine affordability strain compared to nearly all peers across the state.
Comparison: Cochran's economic challenge
Though Cochran County's $738 median rent runs lowest among our counties, the median household income of $42,137 is also the lowest by far—$42,196 below Carson County and $17,696 below Childress County. This income deficit creates affordability pressure despite the lowest absolute housing costs.
Stretched thin in Cochran County
The $42,137 median household income means renters paying $738 monthly dedicate 21.0% of earnings to rent alone, while homeowners pay $484 toward a median home value of $57,700. The county offers the lowest absolute housing costs but highest relative burden, reflecting a fundamental income shortage.
Cochran requires careful wage planning
If considering relocation to Cochran County, ensure your job opportunity significantly exceeds the $42,137 county median—even low housing costs become unaffordable on below-median wages. The county's ultra-low home values appeal to buyers with external income sources, but local wages present real challenges.
Cost of Living Advisory: Cochran County
Affordability Verdict
Cochran County offers affordable rental housing at a median of $738/month — about 21.0% of the typical household income here.
Rent vs. Own
The median rent in Cochran County is $738/month, while owner costs run $484/month. Owning saves approximately $254/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $29,520/year. For owner costs at the 28% rule, the required income is roughly $20,743/year. With a median household income of $42,137, most households can comfortably afford rent here. Notably, 22.0% of renter households in Cochran County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Texas, Cochran County is more affordable than Coke County by roughly 7% ($738/mo vs $687/mo).
Affordability Calculator
See how your income compares to housing costs in Cochran County
Rent Burden
21.0%
of gross income
Max Housing (28% Rule)
$983
per month
Owner Cost Burden
13.8%
of gross income
You can likely afford the median home in Cochran County
Median home value is $57,700. Estimated monthly cost: $461 vs. your max of $983.
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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