Cost of Living in Milam 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 Milam County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Milam County ranks #1,791 of 3,142 counties for affordability (bottom 43%)
Sourced county brief
Milam County Median Gross Rent as Percentage of Income Reaches 29.4%
The official median gross rent as a percentage of household income (GRAPI) in Milam County was 29.4% according to ACS table B25071. This percentage is 2.5 percentage points above the Texas unweighted county mean official GRAPI of 26.9%. Median gross rent in the county was $984 per month, positioned $11 below the state unweighted county mean of $995. For those in owner-occupied units, the median selected monthly owner costs were $800, which is $77 lower than the state unweighted county mean of $877. The median home value in Milam County was estimated at $189,800, compared to the Texas unweighted county mean home value of $185,237. Households renting their units had a median renter-household income of $39,948. These figures represent housing cost metrics for residents during the 2020-2024 period without reflecting broader market trends or specific investment recommendations. 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: Milam County
Affordability Verdict
ACS B25071 estimates median gross rent at 29.4% of renter household income in Milam 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 $984 per month; median selected monthly owner costs are $800. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $39,360 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. Milam County's $984 median is 1.1% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Milam County
Rent Burden
17.9%
of gross income
Max Housing (28% Rule)
$1,543
per month
Owner Cost Burden
14.5%
of gross income
You can likely afford the median home in Milam County
Median home value is $189,800. Estimated monthly cost: $1,515 vs. your max of $1,543.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
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
What is the cost of living in Milam County, Texas?
What is the median rent in Milam County?
Is Milam County affordable?
How does Milam County's rent compare to the state average?
What is the median home value in Milam County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Milam County, Texas? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Milam County
Whether you're buying in Milam County, Texas, or refinancing, compare rates from top lenders using the terms each lender provides.
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.
CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.