Cost of Living in Palo Pinto County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Palo Pinto County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Palo Pinto County ranks #3,016 of 3,144 counties for affordability (bottom 4%)
Data Story
About Cost of Living in Palo Pinto County, Texas
Palo Pinto slightly above national average
Palo Pinto County renters spend 18.9% of income on housing, modestly above the national median, yet still manageable. The county's lower median income of $64,972 makes this ratio noteworthy relative to household earnings.
Slightly above Texas affordability norm
Palo Pinto's 18.9% rent-to-income ratio exceeds Texas's 18.1% average by less than 1 percentage point, placing it near the state midline. Median rent of $1,024 is only 6% higher than the Texas median.
Moderate costs for north-central Texas
Palo Pinto's $1,024 rent falls between Parker County's pricey $1,440 and more affordable counties, with a competitive 18.9% burden. It represents a middle ground for renters in the Dallas-Fort Worth exurban region.
Nearly 1/5 of income toward housing
Palo Pinto's median household earns $64,972 but dedicates $12,288 annually to rent—18.9% of gross income. Homeowners spend $892 monthly on ownership costs, roughly 16.5% of income, reflecting modestly better affordability for buyers.
Affordable exurban alternative to Dallas
Palo Pinto offers reasonable housing costs for workers priced out of Dallas-Fort Worth proper, with rent nearly $400 cheaper than Parker County. If you're seeking exurban living with acceptable affordability, this north-central Texas county merits comparison with farther-out options.
Cost of Living Advisory: Palo Pinto County
Affordability Verdict
For renters in Palo Pinto County, the market is affordable. Expect to pay around $1,024/month in gross rent, with 30.0% of renter households considered cost-burdened.
Rent vs. Own
The median rent in Palo Pinto County is $1,024/month, while owner costs run $892/month. Owning saves approximately $132/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $40,960/year. For owner costs at the 28% rule, the required income is roughly $38,229/year. With a median household income of $64,972, most households can comfortably afford rent here. Notably, 30.0% of renter households in Palo Pinto County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Palo Pinto County sits 5% more expensive than Pecos County ($973/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Palo Pinto County
Rent Burden
18.9%
of gross income
Max Housing (28% Rule)
$1,516
per month
Owner Cost Burden
16.5%
of gross income
You can likely afford the median home in Palo Pinto County
Median home value is $167,300. Estimated monthly cost: $1,336 vs. your max of $1,516.
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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