Cost of Living in Stephenville, TX

With a cost of living index of 86, Stephenville, TX is a very affordable place to live. Living here is 14% cheaper than the national average and in line with the Texas state average. Stephenville is a smaller community of 21,345 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Stephenville's cost of living. The median monthly rent is $1,128 (14% below the US median of $1,319), and the median home value sits at $226,300 (26% below the national median of $304,900). At current prices, the median home costs roughly 4.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Stephenville is $55,504, which is 26% lower than the national median of $75,149. Residents spend roughly 24% 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 Stephenville. The area sees an average annual temperature of 65°F, with summers averaging 83°F and winters around 47°F. Annual rainfall totals 34.1 inches spread over roughly 74 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.