Cost of Living in Skidmore, TX

With a cost of living index of 66, Skidmore, TX is one of the most affordable cities in the country. Living here is 34% cheaper than the national average and 22% below the Texas state average of 88. Skidmore is a small community of 1,124 residents.

Housing costs are the biggest factor in Skidmore's cost of living. The median monthly rent is $953 (28% below the US median of $1,319), and the median home value sits at $47,700 (84% 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 Skidmore is $36,503, which is 51% lower than the national median of $75,149. Residents spend roughly 31% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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 Skidmore. The area sees an average annual temperature of 73°F, with summers averaging 84°F and winters around 60°F. Annual rainfall totals 31.7 inches spread over roughly 79 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.