Cost of Living in Oldham County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Oldham County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Oldham County ranks #1,150 of 3,144 counties for affordability (top 37%)
Data Story
About Cost of Living in Oldham County, Texas
Oldham slightly below national burden
Oldham County renters spend 17.7% of income on housing, slightly better than the national average and well-positioned for affordability. Despite modest incomes, residents here enjoy housing costs that don't crowd out other necessities.
Better than Texas average housing costs
Oldham's 17.7% rent-to-income ratio beats Texas's 18.1% state average, placing it in the more affordable half of Texas counties. Median rent of $1,125 is just 17% above the state median, a relatively small gap.
Mid-range costs in panhandle context
Oldham's $1,125 rent sits between Ochiltree's bargain $905 and regional competitors, with higher incomes ($76,402) helping offset slightly elevated housing costs. Its rent-to-income ratio of 17.7% is notably better than Panola County's 18.9%.
Housing takes ~18% of income
Oldham's median household earns $76,402 yearly and dedicates about $13,500 to rent annually. Homeowners spend $944 monthly on ownership costs—slightly below the state average despite the county's relatively affluent median income profile.
Balance of affordability and income
Oldham County works well if you want small-town panhandle living with decent income levels and reasonable housing ratios. Renters from higher-cost areas like Nueces might find meaningful relief, especially if your household income is $70,000 or above.
Cost of Living Advisory: Oldham County
Affordability Verdict
Oldham County is affordable for renters, with a median gross rent of $1,125/month representing approximately 17.7% of median household income. The rent burden (GRAPI) stands at 36.0%.
Rent vs. Own
The median rent in Oldham County is $1,125/month, while owner costs run $944/month. Owning saves approximately $181/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $45,000/year. For owner costs at the 28% rule, the required income is roughly $40,457/year. With a median household income of $76,402, most households can comfortably afford rent here. Notably, 36.0% of renter households in Oldham County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Oldham County sits 5% more expensive than Dallam County ($1,074/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Oldham County
Rent Burden
17.7%
of gross income
Max Housing (28% Rule)
$1,783
per month
Owner Cost Burden
14.8%
of gross income
You can likely afford the median home in Oldham County
Median home value is $144,800. Estimated monthly cost: $1,156 vs. your max of $1,783.
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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