Cost of Living in Falls County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Falls County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Falls County ranks #1,962 of 3,144 counties for affordability (bottom 38%)
Data Story
About Cost of Living in Falls County, Texas
Falls County rents hit below national norms
At 16.2%, Falls County's rent-to-income ratio sits comfortably below the national benchmark, meaning renters spend less of their paycheck on housing than typical Americans. The median rent of $747 per month is 22% cheaper than Texas's state average of $963, offering genuine affordability in a tightening market.
A housing bargain in Texas rankings
Falls County ranks among the most affordable counties in Texas when measuring housing burden against income. With rents that pull 1.9 percentage points below the state average rent-to-income ratio, this county offers relief for renters statewide.
Cheaper than most Texas neighbors
Falls County's $747 median rent undercuts Fannin County ($994) by 25% and Fayette County ($909) by 18%, making it a compelling choice for budget-conscious renters in Central Texas. Home ownership is similarly affordable: median values sit at $97,300, roughly one-third the price of Fayette County homes.
Low housing costs, stable incomes
Falls County renters allocate just $747 monthly from a median household income of $55,372, while homeowners pay $592 monthly with median home values at $97,300. Housing consumes roughly 16% of household income for renters—leaving more money for food, healthcare, and savings.
Consider Falls County for affordability
If housing costs are squeezing your budget, Falls County delivers sub-state-average rents and deeply affordable home purchases. Compare your current rent-to-income ratio against Falls County's 16.2% to see how much you could save by relocating to Central Texas.
Cost of Living Advisory: Falls County
Affordability Verdict
Housing in Falls County is affordable. The median rent is $747/month against a median household income of $55,372, putting rent at 16.2% of income.
Rent vs. Own
Renters in Falls County pay $747/month on average, compared to $592/month for homeowners. This market favors buyers by about 21%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $29,880/year. For owner costs at the 28% rule, the required income is roughly $25,371/year. With a median household income of $55,372, most households can comfortably afford rent here. Notably, 31.0% of renter households in Falls County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Falls County sits 6% less expensive than Hale County ($798/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Falls County
Rent Burden
16.2%
of gross income
Max Housing (28% Rule)
$1,292
per month
Owner Cost Burden
12.8%
of gross income
You can likely afford the median home in Falls County
Median home value is $97,300. Estimated monthly cost: $777 vs. your max of $1,292.
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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