Cost of Living in Burnet, TX

With a cost of living index of 84, Burnet, TX is a very affordable place to live. Living here is 16% cheaper than the national average and 4% below the Texas state average of 88. Burnet is a smaller community of 6,630 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Burnet's cost of living. The median monthly rent is $1,012 (23% below the US median of $1,319), and the median home value sits at $245,900 (19% below the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Burnet is $88,000, which is 17% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.