Cost of Living in Terry County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Terry County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Terry County ranks #3,052 of 3,144 counties for affordability (bottom 3%)
Data Story
About Cost of Living in Terry County, Texas
Terry County rents pinch tight household budgets
Terry County's 21.3% rent-to-income ratio exceeds Texas's 18.1% state average, with median rent of $813 consuming a significant slice of the county's $45,905 median income—38% below the national median. The affordability squeeze reflects both modest local wages and rising rental pressures.
Below-average affordability in Texas
Terry County ranks in the lower half of Texas counties for housing affordability, with its 21.3% rent-to-income ratio trailing the state average. Limited local employment diversity makes income constraints the primary affordability driver.
Rents moderate for the region
Terry's $813 median rent sits between rural West Texas extremes and more urbanized markets, offering modest affordability relative to Tarrant County. Owner costs average $808 monthly, making homeownership and renting nearly equivalent in absolute terms.
Over one-fifth of income goes to housing
Renters spend 21.3% of their $45,905 median income on housing, or $813 monthly, leaving limited cushion for unexpected expenses. Homeowners fare similarly, dedicating about 21.1% to monthly payments on a median $111,200 home.
Best for remote workers with portable income
Terry County works well if you're bringing stable income from elsewhere, but relocating for local jobs requires caution given modest wage prospects. The county's affordability gains evaporate if you're forced into below-average West Texas employment rates.
Cost of Living Advisory: Terry County
Affordability Verdict
For renters in Terry County, the market is affordable. Expect to pay around $813/month in gross rent, with 35.0% of renter households considered cost-burdened.
Rent vs. Own
Renters in Terry County pay $813/month on average, compared to $808/month for homeowners. This market favors buyers by about 1%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $32,520/year. For owner costs at the 28% rule, the required income is roughly $34,629/year. With a median household income of $45,905, most households can comfortably afford rent here. Notably, 35.0% of renter households in Terry County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Terry County sits 6% less expensive than Nolan County ($866/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Terry County
Rent Burden
21.3%
of gross income
Max Housing (28% Rule)
$1,071
per month
Owner Cost Burden
21.1%
of gross income
You can likely afford the median home in Terry County
Median home value is $111,200. Estimated monthly cost: $888 vs. your max of $1,071.
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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