Cost of Living in Gordon, TX

With a cost of living index of 75, Gordon, TX is one of the most affordable cities in the country. Living here is 25% cheaper than the national average and 13% below the Texas state average of 88. Gordon is a small community of 460 residents.

Housing costs are the biggest factor in Gordon's cost of living. The median monthly rent is $946 (28% below the US median of $1,319), and the median home value sits at $154,500 (49% below the national median of $304,900). At current prices, the median home costs roughly 2x the median household income — well within traditional affordability guidelines.

The median household income in Gordon is $76,375, 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 Gordon. The area sees an average annual temperature of 65°F, with summers averaging 83°F and winters around 47°F. Annual rainfall totals 34.1 inches spread over roughly 74 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.