Cost of Living in Goodrich, TX

With a cost of living index of 82, Goodrich, TX is a very affordable place to live. Living here is 18% cheaper than the national average and 6% below the Texas state average of 88. Goodrich is a small community of 326 residents.

Housing costs are the biggest factor in Goodrich's cost of living. The median monthly rent is $1,371 (4% above the US median of $1,319), and the median home value sits at $88,400 (71% below the national median of $304,900). At current prices, the median home costs roughly 2.4x the median household income — well within traditional affordability guidelines.

The median household income in Goodrich is $37,330, which is 50% lower than the national median of $75,149. Residents spend roughly 44% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Goodrich. The area sees an average annual temperature of 67.7°F, with summers averaging 82°F and winters around 53°F. Annual rainfall totals 47.7 inches spread over roughly 123 days.

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.