Cost of Living in Floyd County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Floyd County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Floyd County ranks #1,655 of 3,144 counties for affordability (bottom 47%)
Data Story
About Cost of Living in Floyd County, Texas
Floyd County ranks among nation's most affordable
Floyd County's 12.7% rent-to-income ratio crushes the national average, letting renters pocket most of their paychecks after housing costs. At $587 per month, the median rent is 39% below the national norm, positioning this Panhandle county among America's affordability champions.
Exceptional value in Texas housing market
Floyd County's 12.7% rent-to-income ratio beats Texas's state average of 18.1% by 5.4 percentage points, delivering some of the state's lowest housing burdens. This exceptional affordability places Floyd County in Texas's elite tier for rent-to-income performance.
Cheapest rents in the region
Floyd County's $587 median rent ranks lowest among the entire peer set, slightly undercutting Foard County ($577) and dramatically beating Fannin County ($994) by 41%. Home values at $101,000 remain modest, supporting the region's rock-bottom housing costs.
Minimal housing burden, modest incomes
Floyd County renters allocate just $587 monthly from a median household income of $55,461, translating to 12.7% of earnings dedicated to rent. Homeowners pay $567 monthly on properties valued at $101,000, demonstrating that genuine affordability persists across housing types.
Floyd County for maximum housing savings
Families seeking to minimize housing costs should seriously evaluate Floyd County's 12.7% rent-to-income ratio—among the nation's best. If your current housing burden exceeds Floyd's 12.7%, the math alone may justify relocating to the Texas Panhandle.
Cost of Living Advisory: Floyd County
Affordability Verdict
Floyd County offers affordable rental housing at a median of $587/month — about 12.7% of the typical household income here.
Rent vs. Own
Renters in Floyd County pay $587/month on average, compared to $567/month for homeowners. This market favors buyers by about 3%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $23,480/year. For owner costs at the 28% rule, the required income is roughly $24,300/year. With a median household income of $55,461, most households can comfortably afford rent here. Notably, 26.0% of renter households in Floyd County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Knox County where rent averages $661/month, Floyd County is approximately 11% less expensive.
Affordability Calculator
See how your income compares to housing costs in Floyd County
Rent Burden
12.7%
of gross income
Max Housing (28% Rule)
$1,294
per month
Owner Cost Burden
12.3%
of gross income
You can likely afford the median home in Floyd County
Median home value is $101,000. Estimated monthly cost: $806 vs. your max of $1,294.
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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