Cost of Living in Panola County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Panola County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Panola County, Texas
Panola offers exceptional renter affordability
Panola County renters spend just 15.5% of income on housing—among the nation's best rates and well below the national median. This East Texas county delivers genuine affordability while residents earn modestly compared to national averages.
One of Texas's most affordable counties
Panola's 15.5% rent-to-income ratio ranks it among Texas's most renter-friendly counties, significantly below the state average of 18.1%. Median rent of $810 monthly is the lowest among these eight counties and 16% below the Texas median.
Cheapest rents in east-central region
Panola's $810 rent dramatically undercuts most peers, beaten only by Ochiltree's $905 panhandle market. The county delivers exceptional value for anyone flexible about location and willing to embrace small-town East Texas living.
Housing takes under 1/6 of income
Panola's median household income of $62,593 paired with just $810 rent means residents spend only $9,720 yearly on housing. Homeowners pay just $674 monthly in ownership costs—approximately 12.9% of income—among the state's best affordability rates.
Best value for budget-conscious movers
Panola County is ideal if maximizing discretionary income matters more than urban amenities; your housing savings here could exceed $3,000 annually compared to state averages. If you currently pay more than 16% of income on housing, this East Texas gem offers immediate financial relief.
Affordability Calculator
See how your income compares to housing costs in Panola County
Rent Burden
15.5%
of gross income
Max Housing (28% Rule)
$1,461
per month
Owner Cost Burden
12.9%
of gross income
You can likely afford the median home in Panola County
Median home value is $146,000. Estimated monthly cost: $1,166 vs. your max of $1,461.
Rent Affordability Guide
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.