Cost of Living in Winfield, TX

With a cost of living index of 62, Winfield, TX is one of the most affordable cities in the country. Living here is 38% cheaper than the national average and 26% below the Texas state average of 88. Winfield is a small community of 587 residents.

Housing costs are the biggest factor in Winfield's cost of living. The median monthly rent is $738 (44% below the US median of $1,319), and the median home value sits at $75,000 (75% below the national median of $304,900). At current prices, the median home costs roughly 0.9x the median household income — well within traditional affordability guidelines.

The median household income in Winfield is $83,750, which is 11% higher than the national median of $75,149. Residents spend roughly 11% 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.