Cost of Living in Milam, TX
Population: 1,275 | Texas
Milam is 17% less expensive than the national average.
Cost of Living in Milam, TX: What You Need to Know
With a cost of living index of 83, Milam, TX is a very affordable place to live. Living here is 17% cheaper than the national average and 4% below the Texas state average of 88. Milam is a small community of 1,275 residents.
The median household income in Milam is $46,200, which is 39% lower than the national median of $75,149. 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 Milam. 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.
Income
- Median Household Income
- $46,200
- vs US Median ($75,149)
- -39%
Housing
- Median Home Value
- $124,900
- Median Monthly Housing Cost
- $575/mo
Climate in Milam
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 60 | 64 | 71 | 78 | 85 | 91 | 93 | 94 | 89 | 80 | 69 | 61 |
| Avg °F | 49 | 52 | 60 | 66 | 74 | 80 | 82 | 82 | 77 | 67 | 57 | 50 |
| Low °F | 38 | 41 | 48 | 55 | 63 | 69 | 72 | 71 | 66 | 55 | 45 | 40 |
| Rain" | 5.3 | 4.7 | 5.7 | 5.7 | 4.8 | 4.6 | 3.9 | 3.4 | 4.2 | 5.0 | 4.6 | 5.5 |