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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Hopkins County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Hopkins County ranks #2,065 of 3,142 counties for affordability (bottom 34%)
Sourced county brief
Hopkins County Median Gross Rent Surpasses State Unweighted Mean
In Hopkins County, the median gross rent was estimated at $1,109 per month, which is $114 above the Texas unweighted county mean of $995. The official ACS B25071 Gross Rent as a Percentage of Household Income (GRAPI) was recorded at 27.2%, differing from the state unweighted county mean GRAPI of 26.9% by 0.3 percentage points. Among owner-occupied housing units, the median selected monthly owner cost was $851, while the state unweighted county mean was $877. The median home value in the county was recorded at $221,100, which is $35,863 above the state unweighted county mean of $185,237. The median income for renter households was $49,816. These figures represent a snapshot of data collected from the 2020-2024 period. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Hopkins County
Affordability Verdict
ACS B25071 estimates median gross rent at 27.2% of renter household income in Hopkins County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,109 per month; median selected monthly owner costs are $851. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $44,360 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Texas unweighted mean of county median rents is $995 per month. Hopkins County's $1,109 median is 11.5% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Hopkins County
Rent Burden
18.8%
of gross income
Max Housing (28% Rule)
$1,654
per month
Owner Cost Burden
14.4%
of gross income
The median home in Hopkins County may be a stretch
Median home value is $221,100. Estimated monthly cost: $1,765 vs. your max of $1,654.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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