Texas · Census, HUD and BEA figures · Updated

Cost of Living in Palo Pinto County, TX

Prices around Palo Pinto County, TX run 2.9% below the U.S. average (BEA, Texas). The typical household there earns $67,674 a year, and HUD puts a two-bedroom at $1,068 a month. Keeping that rent under 30% of income takes about $42,720 a year.

Palo Pinto County, TX at a glance

Median household income

$67,674$5,640 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,068HUD FY2026 Fair Market Rent
Price level (U.S. = 100)97.1-2.9% · BEA, Texas
Electricity15.9¢per kWh · EIA Residential TX
Population29,295Census ACS 5-year estimate

How much rent can you afford in Palo Pinto County, TX?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$1,068Monthly market rent
Share of gross income18.9%Recommended max: 30%
Annual income needed$42,720To meet the 30% standard
Max affordable rent$1,692At 30% of $67,674
0%30% (Affordability standard)100%
Compare against:

How much is rent in Palo Pinto County, TX? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Palo Pinto County, TX, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Palo Pinto County, TX, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$820$9,840$32,80014.5%
1-Bedroom Apartment$825$9,900$33,00014.6%
2-Bedroom ApartmentBenchmark$1,068$12,816$42,72018.9%
3-Bedroom Home$1,397$16,764$55,88024.8%
4-Bedroom Home$1,792$21,504$71,68031.8%

Rent in Palo Pinto County, TX, with the wage each unit needs →

What a typical income covers in Palo Pinto County, TX

The 50/30/20 rule applied to the local median of $67,674 a year ($5,640 a month before tax).

Needs (50%)$2,820/moRent ($1,068 2-BR), utilities (~$143/mo), groceries, transit
Wants (30%)$1,692/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$1,128/moEmergency fund, retirement, paying down loans

What $67,674 leaves after Texas taxes

Federal income tax, Social Security, Medicare and Texas tax on the local median income. Change the salary to see yours.

$67,674
$25,000$140,000
Filing status:
Gross salary breakdown$67,674
Net 83%
Fed 9%
FICA 8%
Annual take-home$56,439After all taxes
Monthly deposit$4,703Estimated per month
Biweekly paycheck$2,171Every 2 weeks (26/yr)
Effective tax rate16.6%Total tax burden
Federal income tax$6,058 / yr
Texas state income taxNo state wage tax$0
FICA (Social Security & Medicare)$5,177 / yr

Living in Palo Pinto County, TX: common questions

What is the median household income in Palo Pinto County, TX?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Palo Pinto County, TX is $67,674 per year (approximately $5,640 per month).

What is the average rent in Palo Pinto County, TX?

The closest official figure is HUD's Fair Market Rent for 2026: $820 for a studio, $825 for one bedroom, $1,068 for two, $1,397 for three and $1,792 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Palo Pinto County, TX expensive to live in?

Prices there run 2.9% below the U.S. average. BEA's regional price parity for Texas is 97.1, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Palo Pinto County, TX?

To keep a $1,068 two-bedroom under 30% of gross income, a household needs about $42,720 a year, or $3,560 a month. That is 63% of what the typical household in Palo Pinto County, TX earns.

How much do you need to live comfortably in Palo Pinto County, TX?

On the local median income of $67,674 ($5,640 a month before tax), the 50/30/20 rule leaves $2,820 a month for needs like rent, utilities and groceries, $1,692 for everything else and $1,128 for savings or debt. A two-bedroom at $1,068 takes 38% of the needs share.

How much is the electric bill in Palo Pinto County, TX?

Homes in Texas paid 15.9¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $143. Your bill depends mostly on heating and cooling.