Cost of Living in Gatesville, TX

Population 16,058 · Texas · Data vintage 2023

60
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Gatesville sits on the smaller end of the Texas city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Geographically, Gatesville is about 25 miles north of Killeen, the nearest large metro. Median home values run roughly 17% lower than Killeen's $196,000.

Cost Overview

Housing 53
Rent 70

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Gatesville

The median home value in Gatesville is $162,000 — 47% below the national median of $305,000. Median rent runs $920/month, 30% lower than the national median of $1,314/month. The median household income of $54,802/year is 27% lower than the US median of $74,580. The local unemployment rate is 5.0%, above the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 78.6°F and lows of 55.6°F. Overall, Gatesville has a cost of living index of 60 versus the US average of 100, meaning it is 40% less expensive.

🏠 Housing

Median Home Value
$162,000
47% below avg
Zillow Home Value
$235,974
Zillow ZHVI
Median Rent
$920/mo
30% below avg
Zillow Rent
$1,301/mo
Zillow ZORI
Price-to-Rent Ratio
14.7x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$766
1 BR
$811
2 BR
$981
3 BR
$1,307
4 BR
$1,509
Owner-occupied 64.9%
Renter-occupied 35.1%

💰 Estimated Monthly Budget

Rent median rent
$920
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,534/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
25.3 min
6% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
2.5%

Commute Mode

Drove alone
76.9%
Carpooled
16.1%
Walked
1.5%
Bicycle
0.3%
Work from home
2.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 8.2%
State rate 6.3%
Avg local rate 1.9%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$54,802
27% below avg
Per Capita Income
$18,296
Unemployment Rate
5.0%
4% above avg
Poverty Rate
10.0%
Labor Force Participation
22.5%

🎓 Education

Bachelor's degree+ 4.9%
Graduate degree 4.0%

👥 Demographics

Median Age 40.4
Male median age 41.1
Female median age 39.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
78.6°F
Avg Low
55.6°F
Annual Precip
36.4"
Annual Snowfall
0.7"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 596370788593979791816960
Low °F 364047556371747467564638
Precip" 2.592.683.313.304.443.351.822.052.874.412.712.87
Snow" 0.00.40.10.10.00.00.00.00.00.00.10.0

Frequently Asked Questions

What is the cost of living in Gatesville, TX?

Gatesville has a cost index of 60 (100 = national average). It is 40% below the national average.

What is average rent in Gatesville, TX?

The median gross rent in Gatesville is $920 per month based on 2023 Census data.

What is the average home price in Gatesville?

The median home value in Gatesville is $162,000 according to Zillow and Census data.

What is the median income in Gatesville?

The median household income in Gatesville is $54,802 per year (2023 ACS 5-year estimates).

What is the sales tax in Gatesville, TX?

The combined state and local sales tax rate in Gatesville is 8.2%. Texas has no state income tax.

Is Gatesville, TX affordable?

Yes, Gatesville is generally considered affordable, with a cost of living index of 60 — about 40% below the US national average of 100.

What is the weather like in Gatesville?

Gatesville has average high temperatures of 78.6°F and average lows of 55.6°F. Annual precipitation is 36.4". Average annual snowfall is 0.7". Data from NOAA 1991–2020 Climate Normals.

Gatesville at a Glance

Population
16,058
Median Income
$54,802
Home Value
$162,000
Median Rent
$920/mo
Unemployment
5.0%
Avg High Temp
78.6°F
Sales Tax
8.2%
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Explore county-level cost of living data

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