Cost of Living in Wood County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Wood County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Wood County ranks #1,398 of 3,142 counties for affordability (top 44%)
Sourced county brief
Wood County Median Rent Burden Estimated at 30.9%
In Wood County, the official ACS B25071 median gross rent as a percentage of household income (GRAPI) was 30.9% for the 2020-2024 period. This rentBurdenGrapiPct is 4.0 percentage points higher than the Texas unweighted county mean of 26.9%. The median gross rent in the county was $862 per month, which is $133 below the state unweighted county mean of $995. Renter median household income was estimated at $32,294. Among owner-occupied units, the median home value was $216,500 and the median selected monthly owner cost was $777. The owner cost figure is $100 lower than the Texas unweighted county mean for owner expenses. All statistics presented are snapshot values from the U.S. Census Bureau American Community Survey 5-Year Estimates. See ACS table B25071 for the underlying estimate of median gross rent as a percentage of household income.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Wood County
Affordability Verdict
ACS B25071 estimates median gross rent at 30.9% of renter household income in Wood County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $862 per month; median selected monthly owner costs are $777. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $34,480 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Texas unweighted mean of county median rents is $995 per month. Wood County's $862 median is 13.4% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Wood County
Rent Burden
17.2%
of gross income
Max Housing (28% Rule)
$1,407
per month
Owner Cost Burden
15.5%
of gross income
The median home in Wood County may be a stretch
Median home value is $216,500. Estimated monthly cost: $1,728 vs. your max of $1,407.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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