Cost of Living in Malone, TX

With a cost of living index of 70, Malone, TX is one of the most affordable cities in the country. Living here is 30% cheaper than the national average and 18% below the Texas state average of 88. Malone is a small community of 287 residents.

Housing costs are the biggest factor in Malone's cost of living. The median monthly rent is $925 (30% below the US median of $1,319), and the median home value sits at $104,000 (66% below the national median of $304,900). At current prices, the median home costs roughly 4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Malone is $26,250, which is 65% lower than the national median of $75,149. Residents spend roughly 42% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. 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 Malone. The area sees an average annual temperature of 67.1°F, with summers averaging 84°F and winters around 49°F. Annual rainfall totals 36.4 inches spread over roughly 80 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.