Cost of Living in Grandfalls, TX

With a cost of living index of 77, Grandfalls, TX is a very affordable place to live. Living here is 23% cheaper than the national average and 10% below the Texas state average of 88. Grandfalls is a small community of 322 residents.

The median household income in Grandfalls is $56,000, which is 25% lower than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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 Grandfalls. The area sees an average annual temperature of 65.8°F, with summers averaging 83°F and winters around 48°F. Annual rainfall totals 13.4 inches spread over roughly 50 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.