Cost of Living in Hedley, TX

With a cost of living index of 56, Hedley, TX is one of the most affordable cities in the country. Living here is 44% cheaper than the national average and 32% below the Texas state average of 88. Hedley is a small community of 268 residents.

Housing costs are the biggest factor in Hedley's cost of living. The median monthly rent is $634 (52% below the US median of $1,319), and the median home value sits at $38,900 (87% below the national median of $304,900). At current prices, the median home costs roughly 0.8x the median household income — well within traditional affordability guidelines.

The median household income in Hedley is $50,000, which is 33% lower 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. 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 Hedley. The area sees an average annual temperature of 59.2°F, with summers averaging 79°F and winters around 40°F. Annual rainfall totals 22.7 inches spread over roughly 63 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.