Cost of Living in Parmer County, Texas

$1,015/mo
Median Monthly Rent
$127,300
Median Home Value
5% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,015/mo
5% above state average
Median Home Value
$127,300
55% below national
Rent-to-Income Ratio
21.0%
% 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 Parmer County Compares

Median monthly rent comparison

Parmer County$1,015/mo
Texas Average$963/mo
National Median$1,163/mo

Detailed Housing Stats

$1,015/mo
Median Gross Rent
$127,300
Median Home Value
$754/mo
Monthly Owner Cost
21.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Parmer County, Texas

Parmer renters slightly above national norm

Parmer County renters spend 17.9% of income on housing, just under 1 percentage point above the national average. The panhandle county's modest median income of $68,164 means this ratio, while reasonable, requires careful budgeting.

Close to Texas state affordability average

Parmer's 17.9% rent-to-income ratio sits just 0.2 percentage points below Texas's 18.1% state average, making it representative of typical Texas housing burden. Median rent of $1,015 is only 5.4% above the state median of $963.

Moderate costs in panhandle tier

Parmer's $1,015 rent falls between Ochiltree's budget $905 and Oldham's $1,125, positioning it as the panhandle's middle-ground option. Its 17.9% burden is better than Palo Pinto County's 18.9% despite similar income levels.

Housing takes ~18% of gross income

Parmer's median household earns $68,164 yearly and dedicates roughly $12,180 to rent annually. Homeowners spend just $754 monthly on ownership costs—merely 13.3% of income—showing that buyers here enjoy notably better affordability than renters.

Solid option for panhandle relocation

Parmer County works well if you're relocating to the Texas panhandle and value balanced affordability over minimum costs. Renters from higher-burden areas (like Nueces at 22.3%) could save $200+ monthly, while buyers benefit from sub-$130,000 median home values and low ownership ratios.

Affordability Calculator

See how your income compares to housing costs in Parmer County

$

Rent Burden

17.9%

of gross income

Max Housing (28% Rule)

$1,590

per month

Owner Cost Burden

13.3%

of gross income

You can likely afford the median home in Parmer County

Median home value is $127,300. Estimated monthly cost: $1,016 vs. your max of $1,590.

Rent Affordability Guide

Your rent-to-income ratio17.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Parmer County, Texas?
Parmer County, Texas has a median monthly rent of $1,015/mo and a median home value of $127,300. The affordability rating is Unaffordable, with rent making up approximately 21.0% of median household income.
What is the median rent in Parmer County?
The median gross rent in Parmer County is $1,015/mo. This is 5% above state average for Texas.
Is Parmer County affordable?
Parmer County is rated Unaffordable based on rent-to-income ratio of 21.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Parmer County's rent compare to the state average?
Parmer County's median rent of $1,015/mo is 5% above state average of $963/mo for Texas.
What is the median home value in Parmer County?
The median home value in Parmer County, Texas is $127,300. This is 55% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.