Cost of Living in Hemphill, TX

With a cost of living index of 67, Hemphill, TX is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 20% below the Texas state average of 88. Hemphill is a small community of 1,397 residents.

Housing costs are the biggest factor in Hemphill's cost of living. The median monthly rent is $888 (33% below the US median of $1,319), and the median home value sits at $86,300 (72% below the national median of $304,900). At current prices, the median home costs roughly 1.5x the median household income — well within traditional affordability guidelines.

The median household income in Hemphill is $58,445, which is 22% lower than the national median of $75,149. Residents spend roughly 18% 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 Hemphill. The area sees an average annual temperature of 66.5°F, with summers averaging 82°F and winters around 50°F. Annual rainfall totals 57.3 inches spread over roughly 0 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.