Cost of Living in Lipscomb County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Lipscomb County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Lipscomb County ranks #1,487 of 3,144 counties for affordability (top 47%)
Data Story
About Cost of Living in Lipscomb County, Texas
Lipscomb leads the region on affordability
Lipscomb County renters spend just 13.6% of household income on rent, substantially beating the national average and standing among the most affordable U.S. counties. At $807/month with a median household income of $71,442, housing costs sit remarkably low relative to earnings.
Texas's affordability champion in this group
Lipscomb's 13.6% rent-to-income ratio crushes the Texas state average of 18.1%, making it one of the state's most renter-friendly counties. Rents run $156 below the state median, and residents enjoy significantly higher median income, creating a rare affordability sweet spot.
Unmatched value across the region
Lipscomb's 13.6% rent-to-income ratio outpaces Liberty (19.2%), Limestone (17.2%), and Lubbock (21.5%), delivering the region's tightest housing-cost squeeze. At $807/month rent and $795/month for owners, Lipscomb offers twin bargains few rural Texas counties match.
Rent and mortgages run nearly equal
Lipscomb renters pay $807/month while homeowners with median home value of $128,400 pay $795/month—nearly identical despite home values being among the region's lowest. This affordability extends across housing types, leaving residents more income for savings, healthcare, and education.
Lipscomb is the region's affordability pick
If maximum housing affordability matters most, Lipscomb County is your best bet—housing consumes the smallest slice of income in this entire cluster. Plan your move here if you value both cost savings and above-average local earnings.
Cost of Living Advisory: Lipscomb County
Affordability Verdict
Housing in Lipscomb County is affordable. The median rent is $807/month against a median household income of $71,442, putting rent at 13.6% of income.
Rent vs. Own
At $807/month rent versus $795/month in owner costs, owning is roughly $12/month cheaper — a 1% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $32,280/year. For owner costs at the 28% rule, the required income is roughly $34,071/year. With a median household income of $71,442, most households can comfortably afford rent here. Notably, 16.0% of renter households in Lipscomb County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Lipscomb County sits 7% more expensive than Dickens County ($753/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Lipscomb County
Rent Burden
13.6%
of gross income
Max Housing (28% Rule)
$1,667
per month
Owner Cost Burden
13.4%
of gross income
You can likely afford the median home in Lipscomb County
Median home value is $128,400. Estimated monthly cost: $1,025 vs. your max of $1,667.
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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