Cost of Living in Olton, TX

With a cost of living index of 62, Olton, TX is one of the most affordable cities in the country. Living here is 38% cheaper than the national average and 25% below the Texas state average of 88. Olton is a small community of 1,568 residents.

Housing costs are the biggest factor in Olton's cost of living. The median monthly rent is $840 (36% below the US median of $1,319), and the median home value sits at $46,800 (85% below the national median of $304,900). At current prices, the median home costs roughly 1.1x the median household income — well within traditional affordability guidelines.

The median household income in Olton is $44,219, which is 41% lower than the national median of $75,149. Residents spend roughly 23% 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 Olton. The area sees an average annual temperature of 57.8°F, with summers averaging 76°F and winters around 40°F. Annual rainfall totals 17.9 inches spread over roughly 70 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.