Cost of Living in Buchanan Dam, TX

With a cost of living index of 83, Buchanan Dam, TX is a very affordable place to live. Living here is 17% cheaper than the national average and 5% below the Texas state average of 88. Buchanan Dam is a small community of 1,359 residents.

Housing costs are the biggest factor in Buchanan Dam's cost of living. The median monthly rent is $917 (30% below the US median of $1,319), and the median home value sits at $267,100 (12% below the national median of $304,900). At current prices, the median home costs roughly 4.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Buchanan Dam is $56,250, which is 25% lower than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.