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
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.
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
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.