Cost of Living in Midland, TX
2024 data from the Bureau of Economic Analysis
Cost Index
95.8
4.2% below avg
Housing Index
101.5
Median Income
$89,345
Median Rent
$1,366/mo
Cost Breakdown
Overall95.8 (-4.2%)
Housing101.5 (+1.5%)
Goods93.8 (-6.2%)
Utilities83.2 (-16.8%)
Other Services96.2 (-3.8%)
National average = 100
Income & Housing
Median Household Income
$89,345/year
Median Home Value
$270,900
Median Monthly Rent
$1,366/mo
Per Capita Income
$46,613/year
Compare Midland, TX With
Frequently Asked Questions
Is Midland, TX expensive to live in?
Midland, TX has a cost of living index of 95.8, which is 4.2% below the national average.
How much does housing cost in Midland, TX?
Housing costs in Midland, TX are indexed at 101.5 compared to the national average of 100. The median monthly rent is $1,366.
What is the average income in Midland, TX?
The median household income in Midland, TX is $89,345 per year.
What is the average home price in Midland, TX?
The median home value in Midland, TX is $270,900.