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
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.
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
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.