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)
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 Lipscomb County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Lipscomb County ranks #1,455 of 3,142 counties for affordability (top 46%)
Sourced county brief
Lipscomb County GRAPI 10.0 Percentage Points Below State Mean
In Lipscomb County, the official ACS B25071 median gross rent as a percentage of household income was 16.9%. This percentage is 10.0 percentage points lower than the Texas unweighted county mean of 26.9%. The median gross rent in the county was estimated at $876 per month, which is $119 below the state unweighted county mean of $995. Median renter-household income was reported at $44,167. For owner-occupied housing, the median home value was $124,300, significantly below the state unweighted county mean of $185,237. Median selected monthly owner costs were $779, compared to the Texas unweighted county mean of $877. All figures are snapshots from the ACS 2020-2024 5-year estimates. 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: Lipscomb County
Affordability Verdict
ACS B25071 estimates median gross rent at 16.9% of renter household income in Lipscomb 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 $876 per month; median selected monthly owner costs are $779. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $35,040 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. Lipscomb County's $876 median is 12.0% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Lipscomb County
Rent Burden
14.5%
of gross income
Max Housing (28% Rule)
$1,693
per month
Owner Cost Burden
12.9%
of gross income
You can likely afford the median home in Lipscomb County
Median home value is $124,300. Estimated monthly cost: $992 vs. your max of $1,693.
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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