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Cost of Living in Goodrich, TX

Population: 326 | Texas

82
Cost of Living Index
US Average = 100

Goodrich is 18% less expensive than the national average.

104
Housing
29
Home Values
95
Regional Price

Cost of Living in Goodrich, TX: What You Need to Know

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.

Income

Median Household Income
$37,330
vs US Median ($75,149)
-50%

Housing

Median Rent
$1,371/mo
Median Home Value
$88,400
Median Monthly Housing Cost
$933/mo

Climate in Goodrich

NOAA 30-year normals (1991-2020)

67.7°F
Avg Temperature
47.7"
Rainfall / Year
123d
Rainy Days / Year
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
High °F 62 66 73 79 86 91 94 95 90 82 71 64
Avg °F 51 55 61 67 75 81 83 83 78 69 59 52
Low °F 39 43 49 55 64 70 72 72 66 56 47 41
Rain" 4.3 2.9 3.0 3.1 4.8 4.4 3.2 3.9 3.6 5.5 5.1 3.9

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