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Cost of Living in Wise County, TX

Population 75,005 · Census ACS 2020–2024 5-year estimates

Median rent$1,299
Median home value$304,900
Median household income$93,421

The median rent in Wise County, TX is $1,299/month, 7% lower than the Texas median and 8% lower than the U.S. median. The median home value is $304,900, 8% lower than the national median. Households earn a median of $93,421 a year, 19% higher than the state median.

Affordability

Rent as a share of median income: 16.7%
Income needed for median rent (30% rule): $51,960/yr
Home price-to-income ratio: 3.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,542/mo

Run your own numbers: mortgage calculator · hourly to salary

Wise County vs. Texas vs. U.S.

Wise CountyTexasU.S.
Median rent$1,299$1,403$1,413
Median home value$304,900$283,800$332,700
Median household income$93,421$78,476$80,734
Homeownership rate81.4%62.6%65.2%
Bachelor's degree or higher22.2%33.8%35.7%
Poverty rate8.9%13.8%12.5%
Unemployment rate5.3%5.3%5.2%
Work from home12.0%14.4%15.1%
Median age39.535.638.9

FAQ

What is the average rent in Wise County, TX?

The median gross rent in Wise County, TX is $1,299 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Wise County, TX?

Using the common 30% rule, renting a median-priced home takes about $51,960 a year in gross income.

Is Wise County, TX expensive to live in?

Rent there is 8% lower than the U.S. median, and the median home costs about 3.3 times the median household income.

Other counties in Texas

Harris County, TXRent $1,401 · Income $74,983Dallas County, TXRent $1,565 · Income $76,547Tarrant County, TXRent $1,547 · Income $84,207Bexar County, TXRent $1,354 · Income $72,341Travis County, TXRent $1,744 · Income $99,611Collin County, TXRent $1,859 · Income $121,600

Counties with a similar cost of living

Matanuska-Susitna Borough, AKRent $1,299 · Income $94,031McKenzie County, NDRent $1,284 · Income $93,404Benton County, ARRent $1,277 · Income $93,506Kent County, RIRent $1,327 · Income $94,345Ascension Parish, LARent $1,318 · Income $91,549Blaine County, IDRent $1,338 · Income $92,566

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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