Cost of Living in Three Rivers, TX

With a cost of living index of 69, Three Rivers, TX is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and 19% below the Texas state average of 88. Three Rivers is a small community of 1,299 residents.

Housing costs are the biggest factor in Three Rivers's cost of living. The median monthly rent is $970 (26% below the US median of $1,319), and the median home value sits at $76,700 (75% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Three Rivers is $44,948, which is 40% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Three Rivers. The area sees an average annual temperature of 72.8°F, with summers averaging 85°F and winters around 59°F. Annual rainfall totals 29.1 inches spread over roughly 81 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.