Panola County, TX at a glance
Median household income
$64,894$5,408 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Panola County, TX?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Panola County, TX? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Panola County, TX, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $753 | $9,036 | $30,120 | 13.9% |
| 1-Bedroom Apartment | $758 | $9,096 | $30,320 | 14% |
| 2-Bedroom ApartmentBenchmark | $995 | $11,940 | $39,800 | 18.4% |
| 3-Bedroom Home | $1,235 | $14,820 | $49,400 | 22.8% |
| 4-Bedroom Home | $1,434 | $17,208 | $57,360 | 26.5% |
What a typical income covers in Panola County, TX
The 50/30/20 rule applied to the local median of $64,894 a year ($5,408 a month before tax).
What $64,894 leaves after Texas taxes
Federal income tax, Social Security, Medicare and Texas tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Texas
Living in Panola County, TX: common questions
What is the median household income in Panola County, TX?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Panola County, TX is $64,894 per year (approximately $5,408 per month).
What is the average rent in Panola County, TX?
The closest official figure is HUD's Fair Market Rent for 2026: $753 for a studio, $758 for one bedroom, $995 for two, $1,235 for three and $1,434 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 Panola 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 Panola County, TX?
To keep a $995 two-bedroom under 30% of gross income, a household needs about $39,800 a year, or $3,317 a month. That is 61% of what the typical household in Panola County, TX earns.
How much do you need to live comfortably in Panola County, TX?
On the local median income of $64,894 ($5,408 a month before tax), the 50/30/20 rule leaves $2,704 a month for needs like rent, utilities and groceries, $1,622 for everything else and $1,082 for savings or debt. A two-bedroom at $995 takes 37% of the needs share.
How much is the electric bill in Panola 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.