Cost of Living in Midland, TX
Cost of Living in Midland, TX has an overall index of 96, 4% below the U.S. baseline of 100. The typical home value is $298,600; typical monthly rent is $1,407; and median household income is $91,169.
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.
Can your household carry the housing cost?
Start with four decisions. Open advanced assumptions only when you need to replace the local defaults.
Enter your income and housing plan to see a household-specific estimate.
Compare Midland with another place.
Search one destination and see which housing and local-cost categories change most.
Inspect the numbers when you need them.
Other Texas cities with a useful tradeoff.
Recommendations require usable housing and income data and exclude very small places for a city of this scale.
Frequently asked questions about Midland
Living in Midland
What is the cost of living like in Midland, TX?+
Living costs in Midland land close to the national average, with a Cost Index of 96 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $298,600, and typical monthly rents are $1,407. Groceries and utilities are slightly below what you would find in most US cities.
How does Midland fit a household housing budget?+
Start with housing. Typical monthly rent is $1,407, while local median household income is $91,169. That implies a rent-burden proxy of about 19% 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 Midland, TX?+
This model applies no broad Texas wage-income tax. Applying the 1.6% state-level effective owner-occupied proxy to a home worth $298,600 gives a planning estimate near $4,778 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 Midland, TX?+
The typical monthly rent in Midland is around $1,407. That's close to the $1,348 national median. For comparison, the median home value here is $298,600, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Midland, TX?+
The typical home value in Midland is $298,600. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $1,449/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 65% of residents here own their homes.
Are groceries and utilities expensive in Midland?+
Grocery prices in Midland are more affordable compared to the rest of the US (index: 94, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 83). Both help keep your monthly expenses lower than in many parts of the country.
What is Midland, TX like to live in?+
Midland is a mid-sized city with a population of about 133,998. The median age of residents is 31.6, skewing younger — often a sign of a college town or fast-growing area. The local poverty rate is 11.68%, near the national average of 12.4%.