Cost of Living in Garrett, TX

With a cost of living index of 75, Garrett, TX is a very affordable place to live. Living here is 25% cheaper than the national average and 12% below the Texas state average of 88. Garrett is a small community of 1,067 residents.

Housing costs are the biggest factor in Garrett's cost of living. The median monthly rent is $958 (27% below the US median of $1,319), and the median home value sits at $127,500 (58% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Garrett is $76,458, which is 2% higher than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Garrett. The area sees an average annual temperature of 66.9°F, with summers averaging 84°F and winters around 49°F. Annual rainfall totals 37.7 inches spread over roughly 85 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Dallas-Fort Worth-Arlington, TX (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.