Cost of Living in Gun Barrel City, TX
Cost of Living in Gun Barrel City, TX has an overall index of 85, 15% below the U.S. baseline of 100. The typical home value is $229,300; typical monthly rent is $922; and median household income is $69,273.
Cost index: committed city housing/rent inputs and BEA 2024 metro-area price parities. Home value: Census ACS 2023 fallback place estimate. Rent: Census ACS 2023 fallback place estimate. A place-level signal, not a personal affordability decision or financial recommendation.
Rent and home prices are comparatively balanced with local income. This describes the local market, not your household.
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Frequently asked questions about Gun Barrel City
Living in Gun Barrel City
Is Gun Barrel City, TX an affordable place to live?+
Yes — everyday expenses in Gun Barrel City run about 15% below the US average (Cost Index: 85). Housing is especially affordable: the median home is valued around $229,300, compared to the $303,400 national median. Monthly rent is $922, versus $1,348 nationally.
How does Gun Barrel City fit a household housing budget?+
Start with housing. Typical monthly rent is $922, while local median household income is $69,273. That implies a rent-burden proxy of about 16% before utilities and other costs. Use that as a planning signal for whether the place looks manageable under your own household assumptions.
How much are taxes in Gun Barrel City, TX?+
This model applies no broad Texas wage-income tax. Applying the 1.6% state-level effective owner-occupied proxy to a home worth $229,300 gives a planning estimate near $3,669 per year; it is not a city, county, parcel, or individual tax bill. State plus average local sales-tax context is around 8.19%.
How much does it cost to rent in Gun Barrel City, TX?+
The typical monthly rent in Gun Barrel City is around $922. That's roughly 32% lower than the $1,348 national median. For comparison, the median home value here is $229,300, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Gun Barrel City, TX?+
The typical home value in Gun Barrel City is $229,300. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $1,113/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 89% of residents here own their homes.
Are groceries and utilities expensive in Gun Barrel City?+
Grocery prices in Gun Barrel City are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 89). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.
What is Gun Barrel City, TX like to live in?+
Gun Barrel City is a small town with a population of about 6,408. The median age of residents is 49, skewing somewhat older — common in established suburban communities. The local poverty rate is 14%, near the national average of 12.4%.