Cost of Living in Midland County, Texas

$1,383/mo

Median Monthly Rent

$293,000

Median Home Value

44% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,383/mo

44% above state average

Median Home Value

$293,000

4% above national

Rent-to-Income Ratio

28.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Midland County Compares

Median monthly rent comparison

Midland County$1,383/mo

Texas Average$963/mo

National Median$1,163/mo

Detailed Housing Stats

$1,383/mo

Median Gross Rent

$293,000

Median Home Value

$1,503/mo

Monthly Owner Cost

28.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Midland County, Texas

Midland's income makes housing affordable

Midland County's median household income of $93,984 is 26% above the national average, giving residents strong purchasing power despite housing costs that rank among Texas's highest. At 17.7% rent-to-income, Midland sits just below the state average of 18.1%, demonstrating how high incomes offset premium prices.

Highest incomes, highest prices

Midland ranks as Texas's most expensive housing market by absolute dollars, with median rents of $1,383 and home values of $293,000 fueled by oil and gas prosperity. Yet strong incomes make affordability ratios competitive with slower-growing counties, creating a uniquely balanced market.

West Texas income powerhouse

Midland's $93,984 median income dwarfs Mitchell County's $56,033 and McMullen's $45,833, while housing costs remain proportionally manageable. This income advantage reflects the region's energy sector dominance, setting Midland apart as a high-cost, high-opportunity market.

Premium prices, premium paychecks

Renters allocate 17.7% of income to $1,383 rent, while homeowners spend roughly 19% on $1,503 monthly ownership costs. The slight mortgage premium reflects newer or larger homes, yet both remain sustainable due to Midland's elevated income base.

For high earners seeking opportunity

Midland attracts professionals in energy, healthcare, and business services where six-figure incomes are common. If your earning potential aligns with the region's job market, housing affordability follows—but on a high-cost, high-income ladder.

Affordability Calculator

See how your income compares to housing costs in Midland County

Your Annual Household Income

Rent Burden

17.7%

of gross income

Max Housing (28% Rule)

$2,193

per month

Owner Cost Burden

19.2%

of gross income

The median home in Midland County may be a stretch

Median home value is $293,000. Estimated monthly cost: $2,339 vs. your max of $2,193.

Rent Affordability Guide

Your rent-to-income ratio17.7%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Midland County, Texas?

Midland County, Texas has a median monthly rent of $1,383/mo and a median home value of $293,000. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.

What is the median rent in Midland County?

The median gross rent in Midland County is $1,383/mo. This is 44% above state average for Texas.

Is Midland County affordable?

Midland County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Midland County's rent compare to the state average?

Midland County's median rent of $1,383/mo is 44% above state average of $963/mo for Texas.

What is the median home value in Midland County?

The median home value in Midland County, Texas is $293,000. This is 4% above the national median home value of $281,900.