Cost of Living in Hockley County, Texas

$813/mo
Median Monthly Rent
$112,700
Median Home Value
16% below state averageUnaffordable

At a Glance

Median Monthly Rent
$813/mo
16% below state average
Median Home Value
$112,700
60% below national
Rent-to-Income Ratio
26.0%
% 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 Hockley County Compares

Median monthly rent comparison

Hockley County$813/mo
Texas Average$963/mo
National Median$1,163/mo

Detailed Housing Stats

$813/mo
Median Gross Rent
$112,700
Median Home Value
$690/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Hockley County, Texas

Hockley offers South Plains affordability

Hockley County renters spend 17.8% of income on rent, slightly above the national ideal but genuinely affordable in real-world terms. With median income at $54,810—below the national median—the county's $813 rent makes housing one of life's easier expenses.

Below-average burden in West Texas

Hockley's 17.8% rent-to-income ratio undercuts Texas's 18.1% state average, positioning it among the state's more affordable counties. At $813 monthly rent, this South Plains county beats even the state median by 16%.

Cheapest rents in the entire group

Hockley's $813 median rent is the lowest here—$133 cheaper than Hemphill and hundreds less than Hays or Hood. Even homeowners pay modestly at $690 monthly, making this rural West Texas county the budget choice overall.

Housing costs just $1,503 monthly

Renters allocate 17.8% of the $54,810 income to rent, while homeowners commit 15.1% to mortgages—combined roughly 33%. This leaves households more income for healthcare, education, and savings than most Texas counties.

West Texas's best affordability bet

Hockley delivers genuine value: $813 rents, $112,700 home prices, and a 17.8% rent burden that won't bankrupt you. If you're willing to embrace West Texas plains living and lower incomes, Hockley offers the most breathing room in this county set.

Affordability Calculator

See how your income compares to housing costs in Hockley County

$

Rent Burden

17.8%

of gross income

Max Housing (28% Rule)

$1,279

per month

Owner Cost Burden

15.1%

of gross income

You can likely afford the median home in Hockley County

Median home value is $112,700. Estimated monthly cost: $900 vs. your max of $1,279.

Rent Affordability Guide

Your rent-to-income ratio17.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Hockley County, Texas?
Hockley County, Texas has a median monthly rent of $813/mo and a median home value of $112,700. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Hockley County?
The median gross rent in Hockley County is $813/mo. This is 16% below state average for Texas.
Is Hockley County affordable?
Hockley County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Hockley County's rent compare to the state average?
Hockley County's median rent of $813/mo is 16% below state average of $963/mo for Texas.
What is the median home value in Hockley County?
The median home value in Hockley County, Texas is $112,700. This is 60% 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.