Cost of Living in Gunter, TX

With a cost of living index of 119, Gunter, TX is a notably expensive place to live. Living here is 19% more expensive than the national average and 31% above the Texas state average of 88. Gunter is a small community of 2,382 residents.

Housing costs are the biggest factor in Gunter's cost of living. The median monthly rent is $1,398 (6% above the US median of $1,319), and the median home value sits at $535,400 (76% above the national median of $304,900). At current prices, the median home costs roughly 4.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Gunter is $110,795, which is 47% 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. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Gunter. The area sees an average annual temperature of 65°F, with summers averaging 83°F and winters around 47°F. Annual rainfall totals 38.3 inches spread over roughly 90 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Sherman-Denison, TX (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower 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.