Cost of Living in Carbon, TX

With a cost of living index of 84, Carbon, TX is a very affordable place to live. Living here is 16% cheaper than the national average and 3% below the Texas state average of 88. Carbon is a small community of 285 residents.

Housing costs are the biggest factor in Carbon's cost of living. The median monthly rent is $1,528 (16% above the US median of $1,319), and the median home value sits at $57,800 (81% below the national median of $304,900). At current prices, the median home costs roughly 0.9x the median household income — well within traditional affordability guidelines.

The median household income in Carbon is $61,250, which is 18% lower than the national median of $75,149. Residents spend roughly 30% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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.