Cost of Living in Kermit, TX

With a cost of living index of 70, Kermit, TX is one of the most affordable cities in the country. Living here is 30% cheaper than the national average and 17% below the Texas state average of 88. Kermit is a smaller community of 5,681 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Kermit's cost of living. The median monthly rent is $907 (31% below the US median of $1,319), and the median home value sits at $119,300 (61% below the national median of $304,900). At current prices, the median home costs roughly 1.3x the median household income — well within traditional affordability guidelines.

The median household income in Kermit is $90,181, which is 20% higher than the national median of $75,149. Residents spend roughly 12% 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 Kermit. The area sees an average annual temperature of 65.5°F, with summers averaging 84°F and winters around 47°F. Annual rainfall totals 11.4 inches spread over roughly 45 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.