Cost of Living in Hopkins County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Hopkins County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Hopkins County ranks #2,012 of 3,144 counties for affordability (bottom 36%)
Data Story
About Cost of Living in Hopkins County, Texas
Hopkins stretches income against rising rents
Hopkins County renters dedicate 19.2% of income to rent—above the national standard—despite median income of $64,725 trailing the national median ($74,755). The $1,038 monthly rent here reflects Northeast Texas's gradual shift from rural to commuter-belt status.
Slightly above state affordability norms
Hopkins's 19.2% rent-to-income ratio edges past Texas's 18.1% state average, placing it in the less affordable tier of Texas counties. The $1,038 rent is 7.8% higher than the state median, signaling increased demand from Dallas-area commuters.
Pricier than rural counties, cheaper than metro
Hopkins's $1,038 rent sits between Henderson ($978) and Hays ($1,417), reflecting its position as a bedroom-community bridge. Owner costs at $832 monthly mirror Henderson's $809 and undercut Hays's $1,787, suggesting more moderate real estate appreciation.
Housing takes 31% of income
Renters spend 19.2% ($1,038) of the $64,725 median income on rent, while homeowners allocate 15.5% ($832) to mortgages—combined 34.7%. This leaves households with less cushion than lower-rent counties, particularly as inflation rises.
Commuter option with trade-offs
Hopkins works for Dallas area workers seeking smaller-town life: $1,038 rents and $193,200 homes beat metro prices, though the 19.2% rent burden is creeping up. Compare carefully with Hill County ($929) or Henderson ($978) if affordability matters more than commute convenience.
Cost of Living Advisory: Hopkins County
Affordability Verdict
Hopkins County offers affordable rental housing at a median of $1,038/month — about 19.2% of the typical household income here.
Rent vs. Own
At $1,038/month rent versus $832/month in owner costs, owning is roughly $206/month cheaper — a 20% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $41,520/year. For owner costs at the 28% rule, the required income is roughly $35,657/year. With a median household income of $64,725, most households can comfortably afford rent here. Notably, 25.0% of renter households in Hopkins County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Hopkins County sits 5% more expensive than Walker County ($986/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Hopkins County
Rent Burden
19.2%
of gross income
Max Housing (28% Rule)
$1,510
per month
Owner Cost Burden
15.4%
of gross income
The median home in Hopkins County may be a stretch
Median home value is $193,200. Estimated monthly cost: $1,542 vs. your max of $1,510.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
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
What is the cost of living in Hopkins County, Texas?
What is the median rent in Hopkins County?
Is Hopkins County affordable?
How does Hopkins County's rent compare to the state average?
What is the median home value in Hopkins County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Hopkins County, Texas? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Hopkins County
Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.