Cost of Living in Terry County, Texas

$813/mo
Median Monthly Rent
$111,200
Median Home Value
16% below state averageUnaffordable

At a Glance

Median Monthly Rent
$813/mo
16% below state average
Median Home Value
$111,200
61% below national
Rent-to-Income Ratio
35.0%
% 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 Terry County Compares

Median monthly rent comparison

Terry County$813/mo
Texas Average$963/mo
National Median$1,163/mo

Detailed Housing Stats

$813/mo
Median Gross Rent
$111,200
Median Home Value
$808/mo
Monthly Owner Cost
35.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio21.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Terry County, Texas?
Terry County, Texas has a median monthly rent of $813/mo and a median home value of $111,200. The affordability rating is Unaffordable, with rent making up approximately 35.0% of median household income.
What is the median rent in Terry County?
The median gross rent in Terry County is $813/mo. This is 16% below state average for Texas.
Is Terry County affordable?
Terry County is rated Unaffordable based on rent-to-income ratio of 35.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Terry County's rent compare to the state average?
Terry County's median rent of $813/mo is 16% below state average of $963/mo for Texas.
What is the median home value in Terry County?
The median home value in Terry County, Texas is $111,200. This is 61% 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.