Cost of Living in Tolar, TX

With a cost of living index of 100, Tolar, TX is right around the national average in cost. Living here is 0% more expensive than the national average and 13% above the Texas state average of 88. Tolar is a small community of 1,461 residents.

Housing costs are the biggest factor in Tolar's cost of living. The median monthly rent is $1,679 (27% above the US median of $1,319), and the median home value sits at $195,800 (36% below the national median of $304,900). At current prices, the median home costs roughly 2.4x the median household income — well within traditional affordability guidelines.

The median household income in Tolar is $81,818, which is 9% higher than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Tolar. 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.