Cost of Living in Talco, TX

With a cost of living index of 54, Talco, TX is one of the most affordable cities in the country. Living here is 46% cheaper than the national average and 34% below the Texas state average of 88. Talco is a small community of 380 residents.

Housing costs are the biggest factor in Talco's cost of living. The median monthly rent is $473 (64% below the US median of $1,319), and the median home value sits at $78,200 (74% below the national median of $304,900). At current prices, the median home costs roughly 5.4x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Talco is $14,402, which is 81% lower than the national median of $75,149. Residents spend roughly 39% 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 Talco. The area sees an average annual temperature of 63.1°F, with summers averaging 81°F and winters around 45°F. Annual rainfall totals 44.4 inches spread over roughly 93 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.