Cost of Living in Wellman, TX

With a cost of living index of 61, Wellman, TX is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 27% below the Texas state average of 88. Wellman is a small community of 300 residents.

Housing costs are the biggest factor in Wellman's cost of living. The median monthly rent is $518 (61% below the US median of $1,319), and the median home value sits at $144,600 (53% below the national median of $304,900). At current prices, the median home costs roughly 1.2x the median household income — well within traditional affordability guidelines.

The median household income in Wellman is $117,578, which is 56% higher than the national median of $75,149. Residents spend roughly 5% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.